GIABA, SecFin Africa Hold Regional Workshop on AML/CFT Risks in Public Procurement

The Inter-Governmental Action Group against Money Laundering in West Africa (GIABA), in collaboration with SecFin Africa, has commenced a four-day regional workshop in Monrovia aimed at validating the GIABA Guidebook on Anti-Money Laundering and Counter-Financing of Terrorism in public procurement.

The workshop, scheduled for May 8 to 11, 2026, is designed to equip public procurement officials with the knowledge and skills needed to identify and monitor money laundering and terrorist financing risks within procurement processes across member states.

According to GIABA, the forum will also provide stakeholders, including procurement authorities, Financial Intelligence Units, and National Audit Offices, the opportunity to exchange experiences and strengthen regional cooperation in tackling illicit financial activities linked to public procurement.

Discussions during the workshop will focus on regional alignment, FATF standards, procurement-related money laundering risks, vendor due diligence, contract management controls, and reporting pathways for suspicious transactions.

GIABA noted that the workshop is expected to enhance participants’ understanding of emerging threats and improve their capacity to detect red flags such as beneficial ownership concealment, collusion, unusual payment flows, and contract splitting in procurement systems.