Anti-Money Laundering Regulations, 2011 🇬🇭

Ghana

Table of Contents

L.I. 1987

Anti-Money Laundering Regulations, 2011

  • Published in Government Gazette on 4 February 2011
  • Assented to on 31 January 2011
  • Commenced on 28 March 2011
  • [This is the version of this document from 4 February 2011.]
IN exercise of the powers conferred on the Minister for Finance and Economic Planning by section 50 of the Anti-Money Laundering Act, 2008. (Act 749) and on the recommendations of the Board these Regulations are made this 31st day of January, 2011.

General guidelines

1. Internal rules

(1)Each accountable institution shall make and implement internal rules and other procedures to combat money laundering and terrorist financing.
(2)The internal rules shall among others provide for
(a)programmes to assess the risk related to money laundering and terrorist fmancing;
(b)the formulation of control policy on issues of
(i)timing,
(ii)degree of control,
(iii)areas to be controlled,
(iv)responsibilities,
(v)follow ups, and
(vi)administrative penalties
to combat money laundering and terrorist finan…

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