Fighting Money Laundering The Challenges in Africa

"The paper is organised as follows: The introduction is followed by an examination of the framework within which money laundering and terrorist financing should be analysed. The third section reviews both global and regional initiatives for addressing money laundering and terrorist financing. The fourth section focuses on the challenges Africa faces in tackling these twin problems by putting the emphasis on structural and capacity constraints. The last section concludes the analysis by suggesting ways for enhancing the continent’s capacity and progress in implementing AML/CFT measures."