On Tuesday 5th October 2021, Deputy Minister For Finance, Hon. Abena Osei Asare on behalf of the Minister For Finance, Ken Ofori Atta, inaugurated the Governing Board of the Financial Intelligence Center.
The Center is responsible for instituting measures geared towards improving Ghana’s Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT) regime.
The members of the board are COP.Frank Adu-Poku(RTD) Chairperson, Mr Kwaku Dua (CEO of Financial Intelligence Center, Mr.Osei Bonsu Dickson, ESQ, Dr. Joseph France, COP.Maame Yaa Tiwaa Addo-Danquah, Nana Domtie Onwona-Kwakye and Nana Ampontuah Kumah.
The Financial Intelligence Centre (FIC) was established by section 4 of the Anti-Money Laundering Act, 2008 (Act 749) as amended.
It is a body corporate with perpetual succession and a common seal and may sue and be sued in its corporate name.
The FIC is the National Centre for the receipt and analysis of suspicious transaction reports and other information relevant to predicate offences of Money Laundering/ Terrorist Financing and Proliferation Financing (ML/TF&P) and to disseminate actionable intelligence to competent authorities.
The FIC also has the mandate to request for additional information from Accountable Institutions and Designated Non-Financial Businesses and Professions (DNFBPs) in Ghana. The DNFPs include lawyers, accountants, notaries, auctioneers, religious bodies, non-governmental organisations, real estate developers or agents, gaming sector, dealers in precious metals and precious stones and dealers in motor vehicles.
The FIC is part of a global networks and can access timely information on criminals transcending national borders. These networks include GIABA, EGMONT GROUP, ARIN-WA, and FFIUs among others. The FIC also participates in a number of international fora and conferences where emerging trends of money laundering and terrorist financing schemes are shared for deepening awareness and also for monitoring purposes.