Regulatory Alerts2021-03-10
Decision No. 094/2021/BCRG on the Composition of the Committee for Combating Money Laundering and Counter-Terrorism Financing at the Central Bank of the Republic of Guinea
The Governor of the Central Bank of the Republic of Guinea (BCRG) issued Decision No. 094/2021/BCRG to formally establish the composition of its Money Laundering and Counter-Terrorism Financing (LBC/FT) Committee. The decision designates the General Director of Permanent Supervision as Coordinator and the Head of the Compliance Unit as Rapporteur, while appointing seven additional directors across banking supervision, foreign exchange, risk monitoring, internal audit, precious commodities, legal services, and the main agency as members. Effective upon signature on March 10, 2021, this decision supersedes prior contradictory provisions, specifically the July 9, 2018 reorganization decision, to ensure a structured internal framework for combating financial crimes.