$9m Crime Money Frozen---$2m out of it confiscated to state, Front Page
Ghana’s Financial Intelligence Centre (FIC) has, in two years, frozen $9 million believed to be proceeds from crime, the acting Chief Executive Officer of the centre, Mr Samuel T. Essel, has said. Out of the amount, $2 million has been confiscated to the state. The remaining $7 million is still under investigation. The action followed the centre’s investigation of 248 suspicious transaction reports it received over the two-year period. Additionally, the centre disseminated 107 of the reported cases to the appropriate authorities as intelligence, while investigations continue into the remaining cases. Launching the anti-money laundering/combating the financing of terrorism (CFT) guideline in Accra yesterday, Mr Essel said, “Money laundering/terrorism financing threats confronting the country are real. We, therefore, need to demonstrate our commitment to ensure that the country succeeds in the fight against money laundering and terrorism financing.” Money laundering is a proces...