Politics, and political party activity funding has become an expensive enterprise, and very voluminous unpredictable task to a very large extent, in many parts of the world, especially in African Politics.
In instances, or in nations, where there are weaknesses in financial crime regulations, and regulatory activities, financial crime, as a key red flag in Political Financial FRAUD-RISK would increase, and public corruption will truimph.
The knock down effect of such unguided, and unguarded actions by greedy fraudulent politicians and private individuals, creates unprecedent hardships, and financial hiccups, for businesses, organisations, and private individuals. Financial, economic, political, and public safety security instability may arise.
Individuals, and their relatives who may have been innocently caught up in negative global political financial fraudcrime schemes, would have to come clean, else, they will have to be prepared to live with the adverse consequences.
The Financial Action Task Force (FATF), which is based in France (Paris) with the single objective of regulating, and sanctioning nations which flaunts the basic principles of clean financial sector operations, and money laundering activities, would have more than enough infractions, and odacious task on their regulatory plates, should the spread, and speed of upwards Political Financial FRAUD-RISK violations continued.
I pray, and hope, The Special Prosecutor, and the Office of the Special Prosecutor (OSP) in Ghana, will work hard behind the scenes, collaborating credible investigations, and prosecution evidence against corruption suspects, subjects of financial crime, and political party activity money laundering funding crew members, else, Ghana could be blacklisted again by FATF, and the consequences of such blacklisted action, will be felt by ordinary people in the streets of Accra.
Richard Kumadoe
Fraud Preventions Expert and Security Consultant
Source: Mybrytfmonline.com
