The National Bank of Ethiopia published an update on the 49th Meeting of the Eastern and Southern Africa Anti-Money Laundering Group (ESAAMLG) Task Force of Senior Officials in Kampala, held under Ethiopia’s presidency. Chaired by Mr. Frezer Ayalew, Director of Banking Supervision at the National Bank of Ethiopia, the Task Force deliberated and adopted policy recommendations covering emerging regional money laundering and terrorist financing risks, the growing importance of financial technology, and approaches to enhance financial inclusion across member countries. The meeting ran from March 28 to April 4, 2025 and brought together delegates from 21 African member countries, the Financial Action Task Force (FATF), cooperating and supporting nations, observers, and international partners. Uganda’s Prime Minister, Robinah Nabbanja, opened the meeting, and the Ethiopian delegation was led by Mr. Bilen Gizework, Deputy Director of the Financial Intelligence Service, alongside representatives from the National Bank of Ethiopia, the Ministry of Justice, and the Ethiopian Capital Market Authority. Ethiopia will host the next ESAAMLG Task Force of Senior Officials Meeting, the Council of Ministers Meeting, and the Public-Private Partnership Forum from August 29 to September 6, 2025.
National Bank of Ethiopia 2025-04-04
National Bank of Ethiopia chairs ESAAMLG Task Force as officials adopt AML and CTF policy recommendations and set Ethiopia as next host
The National Bank of Ethiopia reported on the 49th Meeting of the Eastern and Southern Africa Anti-Money Laundering Group Task Force in Kampala, chaired by Mr. Frezer Ayalew. The Task Force adopted policy recommendations on regional money laundering and terrorist financing risks, financial technology, and financial inclusion. Ethiopia will host the next meeting from August 29 to September 6, 2025.