Informal money transfers: fuelling Lake Chad Basin’s illicit economies

Описание: New research shows how governments can prevent informal money transfers from being used to facilitate organised crime and terrorism.

Informal money transfers are a financial lifeline in the Lake Chad Basin, bolstering local economies and facilitating remittances and humanitarian aid flows in marginalised and insecure regions. But these transfers also enable ransom payments after kidnappings, the laundering of proceeds from cattle rustling and smuggling, and sustain terrorists’ financing streams.

New ENACT research findings on the issue will be discussed at this seminar, including the intersections with criminal networks, and enforcement challenges faced by regulators.

Simultaneous English-French interpretation will be provided.

Moderator: Dr Carina Bruwer, Wildlife in Trade Unit Manager, Endangered Wildlife Trust, Cape Town, South Africa

Opening remarks: Representative, EU Delegation (TBC)

Speakers:

Dr Oluwole Ojewale, Regional Coordinator, ENACT, ISS Dakar
Abba Ali Yarima Mustapha, United Nations Office on Drugs and Crime, Maiduguri, northeast Nigeria
Momodou Saho, Policy Officer, Inter-Governmental Action Group against Money Laundering in West Africa, Senegal

ENACT is funded by the European Union and implemented by the Institute for Security Studies in partnership with INTERPOL and the Global Initiative against Transnational Organized Crime. The ISS is also grateful for support from the members of the ISS Partnership Forum: the Hanns Seidel Foundation, the European Union, the Open Society Foundations and the governments of Denmark, Ireland, the Netherlands, Norway and Sweden.