Shortage of trained investigators and prosecutors hampers Ghana’s fight against money laundering – Report

Ghana's efforts to combat money laundering are hindered by a shortage of trained investigators and prosecutors, as highlighted in the Global Organised Crime Index report. Despite government initiatives to strengthen anti-money laundering legislation, the country faces significant enforcement gaps due to limited specialist capacity.

The report identifies a lack of trained investigators and prosecutors specializing in asset forfeiture as a major challenge, along with the absence of certified financial crime investigators. Money laundering in Ghana is linked to various criminal activities, including narcotics trafficking, arms trafficking, human trafficking, environmental crimes, fraud, corruption, and romance scams.

The report also notes the increasing use of digital currencies for money laundering, as well as the risks posed by non-profit organizations and cash-based operations. The findings suggest that while stronger legislation has been implemented, specialist investigative and prosecutorial capacity remains a significant gap in Ghana's fight against money laundering.

Brief written by urgent.news from MyJoyOnline Ghana's own syndicated text. Machine-written — may contain errors; check the original before relying on it.