Ghana finally removed from the EU’s money laundering blacklist

The EU eliminated Ghana from the rundown of nations that have neglected to set up measures to battle illegal tax avoidance after worldwide tax evasion and psychological militant financing guard dog, Financial Action Task Force (FATF) said that Ghana was not, at this point under its expanded checking measure.

The FATF reported this on Friday, June 25, 2021.

In a proclamation, the FATF said it commends the huge advancement made by Ghanaian specialists to improve its AML/CFT system and addressed related specialized insufficiencies to meet the responsibilities in its activity plan with respect to the essential lacks that the FATF recognized in October 2018.

“Ghana is along these lines not, at this point subject to the FATF’s expanded checking measure. Ghana will keep on working with GIABA to improve further its AML/CFT system”, it said.

The European Union had before shown that it intended to eliminate Ghana from its rundown of nations noted for illegal tax avoidance and psychological oppression financing.

The EU expressed this subsequent to holding gatherings with partners. The gatherings were held between President Nana Addo Dankwa Akufo-Addo, the President of the European Council, Charles Michel, just as the European Commission.

Ghana and 21 nations boycotted by EU over illegal tax avoidance penetrates

In May 2020, the European Union refered to Ghana as one of four African nations recorded by the Union for illegal tax avoidance penetrates.

The EU said the issue puts the monetary exchanges of the said nations under more noteworthy examination.

The other three African nations remembered for the boycott are Botswana, Mauritius and Zimbabwe.