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Workshop on money laundering and combating financing terrorism

A workshop on money laundering and combating financing terrorism commenced today, 26 July at the Asmara Palace Hotel.

Asmara, 26 July 2016 – A workshop on money laundering and combating financing terrorism commenced today, 26 July at the Asmara Palace Hotel. The workshop was organized in partnership with the Eritrean Government and Common Market for Eastern and Southern Africa (COMESA).

The head of supervision at the Bank of Eritrea, Mr. Berhane Gebremariam, said that money laundering and terrorism are serious crimes which threaten peace, security and development of individual countries and the world at large. He also underlined that the Government of Eritrea has keen interest to combat money laundering and terrorist financing and expressed expectation that this workshop will demonstrate the same level of interest.

The member of the COMESA Committee of Elders, Bishop Mary Catherine Nkosi, stressed that the cross-border nature of money laundering and there is a tendency to illicitly legitimize it and that it is not something that should not be taken lightly. She also underscored the need for integrated efforts on the part of the members of COMESA and the existence of strong financial regulations.

Financial institutions from different government organs, attorneys as well as concerned individuals and organizations are participating in the workshop.

COMESA is an association comprising 19 African countries.    

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