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Fraud consultant, Richard Kumadoe has warned that Ghana is likely to be blacklisted again over financial crimes in relation to money laundering.
The European Union placed Ghana on a blacklist in 2020 due to concerns about money laundering, which increased scrutiny of the country’s financial transactions.
Speaking in an interview on JoyNews’ The Pulse on Tuesday, Mr Kumadoe said should Ghana be blacklisted, it may create some financial difficulties in transactions across the globe.
“I am worried that Ghana just came out from the blacklisted list and we are on the watch list again in the grey area. If care is not taken and we do not come clean with all the collaborators into some level of conformity, Ghana is likely to be blacklisted again,” he said.
His comment follows the latest court documents filed by the Office of the Special Prosecutor (OSP) revealing that a bank account belonging to the deceased brother of former Sanitation Minister, Cecilia Dapaah has been actively sending money to the former Minister.
Exclusive copies of documents secured by JoyNews and filed in court by the Office of the Special Prosecutor reveal that the former Minister allegedly has millions of cedis the source of which the OSP says she could not prove.
This is the latest in an attempt by the Office to confirm the seizure of suspected tainted properties belonging to Madam Dapaah.
Mr Kumadoe asserts that the implications and effects of the floating money laundering act when they relate to high-level politicians extend outside the boundaries of the nation.
He said that the banks Madam Dapaah has had dealings with will also have questions to answer.
“There is this particular group in France – The Financial Action Task Force which basically deals with sanctioning nations who floats many of the regulations regarding money laundering and politically exposed persons, you might be seeing it as just Aunt Abena in the forefront of this particular issue but they are watching closely.”
He urged authorities to look into the reasons politics has turned into a hub for fraud or irregularities that have resulted in numerous financial misdeeds and the potential to put Ghana on a blacklist for money laundering.
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