On 5 and 6 February 2019, the EU facilitated the organisation of a national stakeholder forum on the topic of anti-money laundering (AML) and countering the financing of terrorism (CFT). The meeting, which was held at a hotel venue in Addis Ababa, had the participation of H.E. Mrs Muferiat Kamil, the Minister for Peace of the Federal Democratic Republic of Ethiopia. In addition many officials from law enforcement agencies, including police and prosecution, as well as representatives from commercial banks were in attendance. The two-day event allowed for in-depth discussions and was instrumental in identifying proposed next steps that the country could take in the fight against financial crimes. The meeting was seen as a success by participants, who agreed to organise further meetings of the AML national forum in future.
The Minister for Peace encouraged relevant authorities to take appropriate action. 'We need to overtake the problem instead of the problem overtaking us', the Minister emphasised.
The two-day national AML stakeholder forum was organised by the EU Countering the Financing of Terrorism in the Horn of Africa project. The project works with partner countries in the Horn of Africa region, including Ethiopia, in order to provide technical assistance and facilitate exchanges on how to combat & prevent money-laundering (ML) and terrorist financing (TF). These are challenges which are faced by many countries in the world. Better coordination and co-operation among national agencies, as well as greater levels of international co-operation, are part of the solution in addressing the problems.