Global - Global - The Gambia

[Report] Updated guidance to Beneficial Ownership (BO) of Legal Persons. Financial Action Task Force (FATF) last year agreed on tougher global BO standards in its recommendation 24. The updated recommendation is now public, aiming to assist policy makers and practitioners in national authorities and private sector stakeholders to implement necessary measures.

FATF-GAFI: https://www.fatf-gafi.org/en/publications/Fatfrecommendations/Guidance-Beneficial-Ownership-Legal-Persons.html

 

Environmental auditors approve green labels for products linked to deforestation. International Consortium of Investigative Journalists (ICIJ) recently led a cross-border investigation exposing how the lightly regulated sustainability industry overlooks forest destruction and human rights violations when granting environmental certifications. Lack of transparency and accountability in the auditing industry has led UK and Dutch agencies to estimate that 40% of eco-friendly claims "could be misleading consumers."

ICIJ: https://www.icij.org/investigations/deforestation-inc/auditors-green-labels-sustainability-environmental-harm/

 

[Opinion] Anti-Corruption bill to be accompanied with "certificate of urgency". The Youth Wing of the Opposition United Democratic Party (UDP) of The Gambia recently submitted an anti-corruption petition to the government. To make anti-corruption a top priority, the youth wing of UDP urges the president to issue a certificate of urgency to accompany the new bill.

The Voice: https://www.voicegambia.com/2023/03/13/udp-youth-wing-submits-anti-corruption-petition-to-government/