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Burundi is gearing up to crack down on financial crimes, including money laundering by setting up its own Financial Intelligence Unit with due support from the Common Market for Eastern and Southern Africa (COMESA).
Burundi is gearing up to crack down on financial crimes, including money laundering by setting up its own Financial Intelligence Unit with due support from the Common Market for Eastern and Southern Africa (COMESA). COMESA will extend support to Burundi to conform to the international standards set by the Financial Action Task Force (FATF),the global money laundering, terrorist financing and proliferation financing watchdog.The FATF sets international standards to prevent illegal activities. The central role of the FIUs are to scrutinize suspicious transaction and activity reports identified and filed by reporting entities and disseminate the intelligence to law enforcement agencies and other FIUs.
COMESA recently sponsored a visit of Burundi FIU Board officials including security and customs officers to the FIU in Mauritius.The visit was sponsored by the COMESA Regional Maritime Security programme, which covers Eastern and Southern Africa and Indian Ocean region. The Burundi team will also visit Uganda.
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