The West African authorities, in particular the Economic Community of West African States (ECOWAS) and the Intergovernmental Action Group against Money Laundering in West Africa (GIABA), have asked the European Union to support the strengthening of their capacity to combat money laundering and the financing of terrorism (ML/FT).
The SAMWA (Strengthening Anti-Money Laundering capacities in West Africa) project, financed by the 10th European Development Fund (EU contribution of € 3 million out of a total amount of € 3.6 million) focuses on strengthening preventive and law enforcement capacities in fifteen West African GIABA member countries.
The specific objectives of the SAMWA project are :
The project, organized in three components, seeks to achieve these objectives by (a) enhancing the effectiveness of FIUs and reporting authorities, (b) strengthening the capacity of law enforcement and judicial bodies to investigate cases of money laundering and recover illicit assets and (c) increasing public awareness and political commitment to combat money laundering more effectively.
The overall objective of the present project is to contribute to the achievement of the expected results and objectives of the Anti-Money Laundering Capacity Building Project.
The specific objective is to provide West African and European stakeholders with an independent and substantiated mid-term assessment of the project's relevance and performance: