The Executive Director of the Economic and Organized Crime Office (EOCO) COP Maame Yaa Tiwaa Addo-Danquah (Mrs) has underscored the need for strong legal frameworks and regulatory authorities in fighting organised economic crimes at the domestic level.
COP Maame Yaa noted that robust legal frameworks and regulatory authorities facilitate the fight against economic crimes by ensuring that legislation and regulation in the financial sector are enforced to forestall economic crime.
Speaking in Session 10 at The International Symposium on Economic Crime at Jesus College in Cambridge on September 7 2023 on the Effectiveness of Traditional Approaches to Policing Economically Motivated Crimes in both the Domestic and Transnational Context, she noted that EOCO and other related agencies play key roles in tackling economic crimes.
“Effective policing of economically motivated crime at home is facilitated by a robust legal framework and regulatory authorities.
Agencies like the Securities and Exchange Commission (SEC), Economic and Organised Crime Office (EOCO), Office of the Special Prosecutor (OSP) Financial Intelligence Centre (FIC) and the Financial Crimes Enforcement Network (FinCEN) play a pivotal role in enforcing regulations and ensuring compliance within the financial industry.