The FIC is the National Centre for the receipt and analysis of suspicious transaction reports and other information relevant to predicate offences of Money Laundering/ Terrorist Financing and Proliferation Financing (ML/TF&P) and to disseminate actionable intelligence to competent authorities.
The FIC also has the mandate to request for additional information from Accountable Institutions and Designated Non-Financial Businesses and Professions (DNFBPs) in Ghana. The DNFPs include lawyers, accountants, notaries, auctioneers, religious bodies, non-governmental organisations, real estate developers or agents, gaming sector, dealers in precious metals and precious stones and dealers in motor vehicles.
The FIC is part of a global networks and can access timely information on criminals transcending national borders. These networks include GIABA, EGMONT GROUP, ARIN-WA, and FFIUs among others. The FIC also participates in a number of international fora and conferences where emerging trends of money laundering and terrorist financing schemes are shared for deepening awareness and also for monitoring purposes.
Some Statistics About What We Do
- Accountable Institutions submit quarterly, half-yearly and annual reports on their levels of compliance
- Bank of Ghana continues to apply its administrative sanctions regime to enforce compliance on AML/CFT (19 banks sanctioned for non-compliance)
- Support in conducting Positive and Nominal Vetting on shareholders and directors of financial
- Conducts AML/CFT awareness creation for Accountable Institutions