CENTIF, the financial intelligence unit of Guinea Bissau, receives support to strengthen cooperation

May 6, 2021

Photo: UNDP, 2021

UNDP supported  the financial intelligence unit of Guinea-Bissau, CENTIF,
with 6 desktop computers and 6 laptops to strengthen cooperation with other foreign services in the subregion, on money laundering, terrorism financing, corruption etc.  This is a component of the PARGEF Project (Capacity building for economic and finance management project) implemented by UNDP and funded by The African Development Bank (AfDB).

All financial institutions in the country have the obligation to inform CENTIF of suspicious financial activities, a mandate which derives from Decree no. 1/2006, which created the institution among others.

CENTIF undertakes core anti-money laundering and counter terrorism financing (AML/CTF) functions and reports directly to the Ministry of Finance and Economy. The Unit is responsible for combating money-laundering , financing of terrorism and weapons of mass destruction (WMD).

Within the PARGEF Project, UNDP will also support digitalization of CENTIF as well as organise training sessions for judges and magistrates on money laundering and corruption.

Related Content

Blog
E-Justice in Guinea-Bissau – Going digital can improve access to justice

As in many other contexts, public services have gained a lot from digitalisation, most prominently during the peak period of transmissibility of COVID 19. Through...

Read more
News
Japan project improves quality of justice services delivered to the population through capacity development

The Building Strong Institutions project, financed by the Government of Japan, works with the Ministry of Justice and Human Rights to improve the quality of justi...

Read more
News
The Government of the United Kingdom and the United Nations Development Programme in Guinea-Bissau sign a financing agreement to increase community resilience towards Serious Organised Crime (SOC) in borderland regions of Guinea-Bissau

The initiative will be implemented in collaboration with the Global Initiative Against Transnational Organized Crime, which has been partnering with the UNDP Guin...

Read more
News
University of Cambridge mission to pilot initiative to improve intercommunity relations in communities affected by conflicts and tensions

From the 19th to the 30th of October, in Guinea-Bissau, a mission from the University of Cambridge took place to implement a pilot initiative that aims to improve...

Read more
News
Enhancing the capacities of the Judiciary Police to fight economic crimes in Guinea-Bissau

With the support of UNDP, 20 investigators and experts from Guinea-Bissau’s Judiciary Police were trained on “Economic Crime: Recovery of Financial Assets” in a s...

Read more