AML / CFT: Ghana's SFO renamed; gets wider remit
Ghana's Serious Fraud Office has been renamed the "Economic and Organised Crime Office." And it has been given an additional job: to fight fraud in the insurance industry.
There are a host of problems: some are fake document and some are real documents issued fraudulently and with false data.
The EOCO 's first task will be to train officers to identify suspicious documents.
In part, the work is at the behest of the country's insurance companies which are fed up at the losses they are suffering whilst not getting far when reporting cases.
So the Ghana Insurers Association has teamed up with EOCO to try to fix the problem. As the GIA's president implies in a recent interview, if the insurance companies can't trust their own documents, that doesn't bode well for their own reputations and so addressing the problems is mission critical.
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