Liberia, June 9 -- Liberia has become the focal point of West Africa's fight against financial crime as the Inter-Governmental Action Group against Money Laundering in West Africa (GIABA), an institution of the Economic Community of West African States (ECOWAS), joined forces with Secure Finance Africa to spotlight the growing threat posed by corruption in public procurement.The workshop, held in Monrovia, emphasized that Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) frameworks are not merely technical regulations but critical safeguards against corruption and illicit financial flows that continue to drain billions of dollars from national economies.

Participants were reminded that effective AML and CFT meas...