Strengthening Ethiopia’s Capacity and Regional Engagement on Counter Money Laundering and Illicit Financial Flows

Denmark has developed a comprehensive support programme to contribute towards the establishment and effective implementation of legal, regulatory and operational measures for combating financial crimes in Ethiopia. And as part of that, Tana together with BGS and Amicus are currently implementing a long-term project aimed to strengthen Ethiopia’s capacity and regional engagement to counter money laundering and illicit financial flows.

The general purpose of the project is to develop the effectiveness and efficiency of institutions tasked with combating money laundering and the financing of terrorism in Ethiopia. The project will be specifically implemented closely with two public institutions perceived to be central to anti-money laundering and the combating of terrorist financing (AML/CFT), namely the Financial Intelligence Centre (FIC) and the Federal Attorney General (AG). The project will also engage other institutions, in both the public an private sector that carry AML/CFT obligations in Ethiopia as well as all bodies regarded by the prevailing AML/CFT law as competent authorities such as the National Bank of Ethiopia, the Ministry of Foreign Affairs, the Ministry of Trade and the police.