Article Sidebar
Published:
Sep 30, 2020DOI:
10.4314/mlr.v14i1.3Keywords:
Article Details
a) Copyright of the content of the articles shall be retained by the author subject to the condition that it cannot be republished in another journal. The reproduction of the article as book chapter requires the acknowledgement of its prior publication in Mizan Law Review.
b) An author is entitled to deposit her/his published article in any Open Access repository subject to the condition that the format and layout shall not be changed. Depositing a post-publication version in any repository requires acknowledgement of the earlier version by indicating the Volume, Issue and page numbers of the version published in Mizan Law Review.
c) Articles published in Mizan Law Review are licensed under a Creative Commons Attribution-NonCommercial-NoDerivs (CC BY-NC-ND)
Privacy Statement
a) Where the Editorial Team deems it necessary, the editors may remove precise reference to names of individuals in case comments.
b) The names and email addresses submitted to and published in Mizan Law Review shall not be made available for any other purpose or to any other party.
Disclaimer
Opinions expressed in articles, comments, case comments and sharing thoughts do not necessarily reflect the views of the Editorial Team, or the publisher of the journal, i.e., Center for Law in Sustainable Development, St. Mary’s University.
Main Article Content
Anti-money Laundering Law in Ethiopia: Issues of Enforcement with Specific Reference to Banks
Kalkidan Misganaw Jember
Abstract
Banks are among the institutions which take the leading role in the combat against the crime of money laundering. They, however, remain highly vulnerable to an ever growing means and mechanisms of perpetration of the crime. This reality demands a continuous adoption of necessary measures. In what appears to be responding to this demand, Ethiopia has enacted several laws that impose obligation on banks to take preventive measures that can prevent the manipulation of the financial system towards the commission of laundering. This article examines whether banks (both private and public) in Ethiopia are implementing measures intended to prevent money laundering. Secondly, it examines the relationship and collaboration between banks and the regulatory organs (such as the Financial Intelligence Center and the National Bank of Ethiopia) in identifying and safeguarding against the schemes that allow the use of banks as intermediaries in the commission of money laundering.
