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Anti-Money Laundering Act, 2020 (Act 1044).

Country/Territory
Ghana
Document type
Legislation
Date
2020
Source
FAO, FAOLEX
Subject
General
Keyword
Monitoring Fraud Legal proceedings/administrative proceedings Special fund Financing Contract/agreement Offences/penalties
Geographical area
Africa, North Atlantic, Western Africa
Abstract

The Act provides for anti-money laundering regulations including any personal conduct, establishing the financial intelligence centre to identify the unlawful activity and its corporate governance, funds of the centre, customer due diligence, record keeping and suspicious transaction report. The Act consists of 65 Articles divided into 9 Sections referring to Money laundering, Financial Intelligence Centre, Administrative provisions, Financial Provisions, Accountable Institutions, Records and Information, Compliance, Supervision and Administrative Penalty and Miscellaneous Provisions. Two Annexes are attached to the Act.

Full text
English