New GIABA headquarters in Abidjan boosts West Africa’s financial crime fight

Abidjan, Côte d’Ivoire — The newly inaugurated headquarters of the Intergovernmental Action Group against Money Laundering in West Africa (GIABA) has opened its doors in Abidjan’s Deux-Plateaux district, marking a significant step forward in the regional battle against financial crime.

During the official handover ceremony, Adama Coulibaly, Côte d’Ivoire’s Minister of Economy, Finance, and Budget, emphasized the government’s commitment to supporting GIABA’s mission. “This modern facility represents more than just a building; it embodies our shared resolve to dismantle the networks fueling money laundering and terrorism financing through enhanced collaboration and expertise exchange,” he stated.

The event follows the 2014 seat agreement signed in Yamoussoukro, aligning with a 2010 decision by the ECOWAS Council of Ministers to establish two regional centers—one in Lagos for Anglophone countries and another in Abidjan for Francophone and Lusophone states.

Coulibaly highlighted Côte d’Ivoire’s progress in meeting the Financial Action Task Force (FATF) deadlines, noting the country’s successful implementation of its 2024 action plan to strengthen its anti-money laundering framework. “The battle against financial crime demands collective action. Every stakeholder must play their part to sever the lifelines of criminal networks,” he urged.

Edwin Harris Junior, GIABA’s Director General, praised Côte d’Ivoire’s leadership, stating, “This hub underscores the trust placed in our organization and the Ivorian government’s dedication to fortifying regional mechanisms against transnational threats.” He extended gratitude to President Alassane Ouattara and the entire government for their unwavering support in solidifying GIABA’s institutional presence.

General Idrissa Touré, Chair of the National Financial Intelligence Unit (CENTIF), described the new center as a catalyst for knowledge-sharing, cooperation, and action. “Beyond its operational role, this facility will serve as a regional hub for training, research, and awareness, empowering Francophone and Lusophone states in their fight against illicit finance,” he explained.

The ceremony was attended by high-ranking officials, including representatives from the ministries of Foreign Affairs, Justice, and Planning, alongside ambassadors and representatives of the UNDP and UNICEF.