*  *  *  Ladies and Gentlemen, I would like to thank the organizers of this event for inviting me to give an address on the topic of Crime and Money Laundering. The choice of this topic is so appropriate because of the challenges money laundering poses to the banking sector in Africa.
Financial crime and money laundering is increasingly becoming a global phenomenon and this is not only a threat to the global banking sector, but it has the potential to become a threat to the civil and political spheres.