Photo credit: DGTresor, “Réunion des ministres de la Zone franc – Paris, 3 octobre 2014,” CC BY-NC-SA 2.0.

Anti-Money Laundering Liaison Committee of the Franc Zone

Abbreviation

CLAB

Summary

Established in 2000, the Anti-Money Laundering Liaison Committee of the Franc Zone (CLAB) promotes the adoption and effective implementation of anti-money laundering and combating the financing of terrorism (AML/CFT) regimes. CLAB coordinates members’ efforts to fight against money laundering and terrorist financing. CLAB operates as a consultation body and forum for exchange between banking and financing institutions and provides technical support to facilitate the revision of relevant regulations to correspond with FATF standards. CLAB also raises awareness of economic actors and policy makers through disseminating information on anti-money laundering and terrorist financing and through training activities.

Members

Members of CLAB include Central Bank of West African States, Bank of Central African States, Central Bank of the Comoros, WAMU Banking Commission, Banking Commission of Central Africa, Committee on Economic and Monetary Union of West Africa, Commission of the Economic and Monetary Community of Central Africa, Intergovernmental Action Group against Money Laundering in Africa, Action Group against Money Laundering in Central Africa, Ministry of Economy and Finance (France), Ministry of Foreign Affairs (France), and Bank of France.