The Task Force on Money Laundering in Central Africa

The Task Force on Money Laundering in Central Africa

The Task Force on Money Laundering in Central Africa (Groupe d’Action contre le blanchiment d’Argent en Afrique Centrale (GABAC)) is a body of the Economic and Monetary Community of Central Africa.  It was established in 2000 with the mandate to combat money laundering and terrorist financing, assess the compliance of its members against the FATF Standards, provide technical assistance to its member States and facilitate international co-operation. GABAC became an observer organisation of the FATF in February 2012, and since then worked with the FATF the meet the requirement of an FATF-Style Regional Body.  

In October 2015, the FATF recognised GABAC as an FSRB and admitted it as an associated member.  GABAC's associate membership has extended the reach of the FATF global network into Central Africa.

Member countries

  • Cameroon
  • Central African Republic
  • Chad
  • Republic of the Congo
  • Equatorial Guinea
  • Gabon

Other Members

  • Governor of the Banks of the States of Central Africa
  • President of the CEMAC Commission
  • President of the Committe of Police Chiefs of Central Africa
  • Secretary General of the Banking Commission of Central Africa

Observers

  • United Nations Office on Drugs and Crime (UNODC)
  • Comité d'Action Financière sur le Blanchiment des Capitaux (CLAB)
  • Financial Action Task Force (FATF)
  • International Monetary Fund (IMF)
  • World Bank

Official site: http://spgabac.org/