Ghana: Politically Exposed Persons (PEPs) in Focus – the Nexus Between Corruption and Money Laundering

Corruption and money laundering are intrinsically linked; corruption creates illicit funds through crimes such as bribery, extortion and embezzlement, which are then laundered to appear legitimate, with money laundering then providing a way to enjoy and integrate these proceeds into the economy. This process allows corrupt individuals to enjoy their ill-gotten gains without fear of detection or confiscation of their proceeds of crime.

Globally, concerns have been raised regarding the financial…