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Anti-Money Laundering (AML) laws play an important role in
safeguarding the integrity and stability of financial systems.
Foreign Exchange Bureaux (FEBs), in particular, are at risk of
being used in money laundering operations as they operate in a
high-risk environment where illicit funds can easily be
laundered.
To mitigate these risks, the Bank of Ghana and the Financial
Intelligence Centre have issued AML guidelines to strengthen
compliance, improve risk management, and protect against financial
crime.
Read the detailed guidelines as well as the requirements for FEBs
and the sanctions for non-compliance here
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
