LogoRegulatory Alerts
2021-03-10

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.

Banque Centrale de la Republique de Guinee logo

Guinea

Banque Centrale de la Republique de Guinee

Click to view thumbnail

[Logo BCRG]

Conakry, March 10, 2021

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 (LBC/FT)

The Governor,

Having regard to Law No. L/2017/017/AN of June 8, 2017, repealing Law No. L/2016/064/AN of November 9, 2016, which itself amended Law No. L/2014/016/AN of July 2, 2014 establishing the Statutes of the Central Bank of the Republic of Guinea;

Having regard to Law No. L/2006/010/AN of October 24, 2007, on combating money laundering in the Republic of Guinea;

Having regard to Law No. L/2014/N° 010/AN of May 31, 2014, on combating the financing of terrorism in the Republic of Guinea;

Having regard to Decree No. D/2010/010/PRG/SGG of December 27, 2010 on the appointment of the Governor of the Central Bank;

Having regard to Decision No. 028/DGSIF/DSB of August 13, 2014 on the organization of the money laundering and counter-terrorism financing framework at BCRG;

Having regard to Decision No. 076/DGCP/LBC-FT of December 18, 2017 on the internal framework for combating money laundering and counter-terrorism financing at BCRG;

HEREBY DECIDES

Article 1: The Committee for Combating Money Laundering and Counter-Terrorism Financing (LBC/FT Committee) is composed as follows:

  • Coordinator: the General Director of Permanent Supervision;
  • Rapporteur: the Head of the Compliance Unit.

Members:

  • the Director of Banking Supervision;
  • the Director of Foreign Exchange Operations;

12, Boulevard du Commerce, 6th Avenue of the Republic C/Kaloum - P.O. Box 692 - Conakry - Republic of Guinea Tel: (+224) 664 67 77 77 - Fax: (+224) 669 08 88 88 - Email: secretariat.gouv@bcrg-guinee.org www.bcrg-guinee.org

  • the Director of Risk Monitoring;
  • the Director of Control and Monitoring of Foreign Exchange Regulations;
  • the Director of the Main Agency;
  • the Director of Internal Audit;
  • the Director of Precious Commodities;
  • the Director of Legal Services and Organization.

Article 2: This Decision repeals all prior provisions to the contrary, in particular Decision No. 082/DGCP/LBC-FT of July 9, 2018 on the reorganization of the money laundering and counter-terrorism financing committee at BCRG.

Article 3: This Decision takes effect from the date of its signature and shall be published wherever necessary.

[Seal and Signature]

Dr. Louncény NABE

Share