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Victoria Falls, Friday, 2 September 2016: Madagascar has been admitted to the Eastern and Southern Africa Anti Money Laundering Group (ESAAMLG). This was done during the 16th Council of Ministers of ESAAMLG meeting presided over by the acting President of Zimbabwe Hon. Emmerson Mnangagwa

The admission process was supported by COMESA Maritime Security (MASE) Programme. Under the MASE programme, COMESA is assisting member countries through building financial analytical capacity of their Financial Intelligence Units and their analytical tools.

This is in addition to enhancing the capacity of their Law Enforcement Agencies and facilitating review and amendment of anti-money laundering laws to ensure they are in line with international standards as outlined by the Financial Action Task Force (FATF).

Admission to the group is a requirement for all jurisdictions fighting money laundering to be members of a FATF-style Regional Body. Madagascar will now be in a position to access a wide range of benefits, as well as ensuring its compliance with the FATF standards against money laundering.

The MASE program covers countries that are most vulnerable to piracy attacks including Comoros, Djibouti, Eritrea, Ethiopia, Kenya, Madagascar, Mauritius, Seychelles, Somalia and Tanzania.