The AML-THB Project
This is a regional programme, funded by the European Union’s Emergency Trust Fund for Africa (EUTF). The aim of this programme is to improve the coordination and investigation methods used against cross-border criminal organisations that profit from irregular migration, human trafficking and other types of organised crime; with an aim to disrupt these criminal activities.
Human trafficking and migrant smuggling are one of the most profitable crimes in the Greater Horn of Africa region. An Ethiopian migrant moving to Yemen via Somalia may pay up to US$ 1,540 for the journey to smugglers, while maritime crossings from Somalia to Yemen reportedly cost up to US$ 2,504. Given the high number of people that use these migration routes every year, the benefits generated by these criminal activities are huge.
Unfortunately, most countries in the Greater Horn of Africa have low investigative capacity and skills to trace the significant flow of money generated by these crimes. Research has also shown a lack of understanding of the damage caused by this type of crime, and the link it has to other forms of organised crime, including terrorism.
A lack of knowledge of vulnerabilities of financial institutions, a lack of preventive measures in place, as well as lack of trust among stakeholders and countries are the biggest weak links in countering money laundering and associated risks and businesses.