In May 2016, members of AML Solutions International travelled to Ethiopia and conducted a workshop held in the capital, Addis Ababa, designed for members of the Financial Intelligence Centre (FIC) and selected members of Designated Non-Financial Businesses and Practices.
A key priority for the FIC is promoting broader awareness and enhancing reporting capacities within DNFBPs such as lawyers, notaries, insurance agents, accountants, real estate agents, and precious stones and metals dealers (who are currently not submitting STR or CTR reports).
Nominated attendees included members from Charities and Societies, (NPO’s), Real Estate agents, Precious metal and stones dealers, Accountants, Lawyers, and Members of the Financial Intelligence Centre.
The FIC has undergone training on these topics before — including strategic guidance to assist them in developing DNFBP directives and reporting guidelines, as well as the provision of baseline AML/CFT training to DNFBPs based in Addis Ababa. The workshop built on previous exposure to the Financial Action Task Force (FATF) recommendation relevant to DNFBPs. There was an opportunity for attendees to collaborate and attempt to identify risks of Money Laundering and Terrorism Financing to their industry.
The workshop was officially opened by the Director of the FIC, Ato Gemechu. Feedback was very positive and members looked forward to future training opportunities.