The President of the Republic of Equatorial Guinea, HE Obiang Nguema Mbasogo, announced the creation of the Coordination Committee Against Money Laundering to further empower the sustainable development of Equatorial Guinea. The President also directed the Committee to focus on the Financing of Terrorism and the Proliferation of Weapons of Mass Destruction.
The Presidential decree was presented to the National Coordination Committee, which is overseen by the Minister for Finance, the Economy, and Planning. The Committee is responsible for all organizing, coordination, and controlling activities of the National Association of Financial Institutions, and is working in partnership with the Financial Action Task Force on Money Laundering (FATF) to implement frameworks regarding money laundering in Africa.
The FATF is an intergovernmental organization by the Group of Seven (G7) countries to develop policies to combat money laundering.
Equatorial Guinea has ratified numerous international conventions regarding human rights, and is active at the United Nations (UN) as a non-permanent member of the Security Council, where it strongly advocates for peace and security throughout the world. Equatorial Guinea at the UN has urged its fellow UN member states to prohibit the sale of arms to mercenaries and other organizations who are considered human rights violators.
Equatorial Guinea at the UN has also focused on negotiations and dialogues for the peaceful resolution of armed conflicts; negotiations and dialogues on the reform of the Security Council; active participation in strategies to combat terrorism, illegal human trafficking, drug trafficking, organized and cross-border crime, endemic diseases and pandemics, extremism, xenophobia, racial discrimination and corruption; active defense of human rights; active participation in mitigating catastrophic effects of climate change; and active participation in the execution of the UN 2030 and African Union 2063 agendas, in parallel with their own Horizon 2020 national program.