April 23rd , 2024   Follow us


ESAAMLG Presidency ESAAMLG Secretariat Mission, Vision and Strategic Objectives History of the ESAAMLG
Who We Are What do we do Cooperative Partners and Observers Organization Structure

History


ESAAMLG was launched at a Meeting of Ministers and High-Level Representatives in Arusha, Tanzania, On 26-27 August 1999. A Memorandum of Understanding (MoU) based on the experience of the FATF and other FATF Style Regional Bodies (FSRBs) was agreed to at that meeting. Following the signing of the MoU by seven of the potential members, ESAAMLG came into formal existence.The MoU was further amended in different meetings including the Ministerial Council meetings in Victoria Falls, Zimbabwe, September 2016 and Mahe, Seychelles, September 2018.

ESAAMLG held its first meeting On 17-19 April 2000 in Dar Es Salaam, Tanzania. ESAAMLG currently has 18 member countries. The Democrat Republic of Congo is a regional observer member of the organization. ESAAMLG also has 34 cooperative supporting nations and organizations

All ESAAMLG members are committed to the FATF Forty Recommendations.Since the launch of ESAAMLG, a lot of progress has been made by the organisation in developing a work programme that has enabled it to undertake the core functions of a FATF Style Regional Body (FSRB).ESAAMLG became an associate member of the FATF in June 2010. The ESAAMLG operates in a global context in which other regional groups like itself collaborate with the FATF. ESAAMLG, therefore like the FATF, monitors the implementation of the FATF Forty Recommendations in the region and undertakes research on money laundering and terrorist financing threats.