Business News of Tuesday, 3 September 2024

Source: classfmonline.com

Attorney General calls for global unity in tackling cross-border financial crimes

Attorney General, Godfred Yeboah Dame Attorney General, Godfred Yeboah Dame

The Attorney General (AG) and Minister of Justice, Godfred Yeboah Dame has called for intensified global cooperation to combat the escalating threat of cross-border economic and financial crimes.

In his keynote address at the 41st Cambridge International Symposium on Economic Crime, Mr. Dame emphasised the critical need for international collaboration among justice partners.

"The survival of the global community is dependent on how effectively it can foster collaboration between its justice partners to combat global crime," he stated.

Mr. Dame highlighted Ghana’s proactive stance in addressing financial crime through significant legal reforms.

"Bearing in mind the motives and modus operandi of the perpetrators of financial crime, far-reaching institutional reform has been deliberately undertaken by the Republic of Ghana to trace the assets of criminals and ensure that wrongdoers do not profit from the crimes they commit," he explained.

He specifically referenced the Economic and Organised Crimes Office Act of 2011, which led to the creation of the Economic and Organised Crimes Office (EOCO).

This agency plays a crucial role in preventing and detecting organised crime and facilitating the confiscation of illicit proceeds.

"I refer to the Economic and Organised Crimes Office Act of 2011, which was passed to establish EOCO as an agency to prevent and detect organised crime as well as to facilitate the confiscation of the proceeds of crime," Mr. Dame added.