The EU Global Facility is in Kinshasa , DRC 🇨🇩 this week as part of its technical assistance activities to the partner country.
The working visit headed by our Team Leader David Hotte kicked off this morning with a training on sanction screening (Financial Action Task Force (FATF) Recommendations 6 and 7) delivered by our Key Expert on Regulation/FIU Arnaud Stien and our expert on Targeted Financial sanctions Fadma Bouharchich.
This first training in a series will focus on the DRC’s obligations under the United Nations Security Council Resolutions. They will enable the Congolese authorities to better understand the scope of CFS obligations and their place in the strategy to combat the financing of terrorism and the financing of nuclear proliferation. The analysis of the law and the training sessions will be used to fuel subsequent exchanges on the operationalisation of the adopted texts.
Three main areas of work are proposed:
1. Operationalisation of the institutional framework dedicated to the CFS: support for the definition of operational processes for the implementation of Recommendations 6 and 7 (identification of targets, communication of lists, withdrawal of lists, unfreezing of funds, etc.)
2. Establishment of processes for monitoring and inventorying frozen assets, to enable the DRC to respond to the FATF’s request for statistics on frozen assets (develop the process for communicating frozen assets to the competent authorities and their centralisation)
3. Ensure effective implementation of targeted financial sanctions by raising awareness of the scope of the obligations among the authorities responsible for monitoring the implementation of the CFS and the private sector”.
On Tuesday 25 April, the EU Global Facility team will provide a mentoring on national coordination, aimed at preparing the Technical Assistance Coordination Committee (TACC) meeting foreseen at the EU Delegation on Wednesday 26 April.
The TACC was launched last December in Kinshasa, in order to best coordinate the work of all technical assistance providers to the Congolese partners in their efforts to strengthen their AML/CFT frameworks.