The memorandum of understanding relating to the transparency of beneficial ownership in the mining sector was established at the Salle Lacroix Amphitheater of the Ministry of Mines and Strategic Resources on December 4, 2023 at 3 p.m.
This is an agreement between EITI-Madagascar and SAMIFIN for exchanges of information and experiences in order to achieve more transparency of beneficial ownership in the mining sector.
In order to strengthen cooperation between stakeholders in the fight against money laundering and the financing of terrorism in the implementation of Madagascar's Compliance Plan with FATF recommendations,
60 participants from local government received a mentor on :
- Immediate Outcome 7: Money laundering investigations and prosecutions (IO7);
- Immediate Outcome 8: Confiscation of illicit assets (IO8);
- Immediate Outcome 9: Terrorist financing investigations and prosecutions (IO9).
This guidance paper should be read in conjunction with:
Other relevant FATF documents include:
1. This report on Asset Recovery Inter-Agency Networks (ARINs) is specifically designed for policymakers and law enforcement agencies across the globe. ARINs help law enforcement agencies (LEAs) across different countries work together to track money gained from crimes like money laundering and other related offenses. This report is aimed at provides a broad review of ARINs. It covers their global impact, roles, management, challenges, and cooperation with other international groups.
The Financial Action Task Force (FATF) is an inter-governmental body established in 1989 by the Ministers of its Member jurisdictions. The mandate of the FATF is to set standards and to promote effective implementation of legal, regulatory and operational measures for combating money laundering, terrorist financing and the financing of proliferation, and other related threats to the integrity of the international financial system.