Under Section 9 (b) (d) (i) and (k), of the Securities Industry Act 1993, PNDCL
333 (as amended) (SIA), empowers the Commission to protect the integrity of
the Securities Market against all forms of abuses. Furthermore the Anti-Money
Laundering Act, 2008, Act 749 and its accompanying regulation, Anti-Money
Laundering Regulations, 2011, LI 1987 and the Anti-Terrorism Act, 2008, Act
762 requires supervisors and regulators of relevant institutions in Ghana
including regulators of financial institutions to give guidance to their regulated
entities on Anti-Money Laundering and Combating the Financing of Terrorism
(AML/CFT).

Given the prominence that financial crimes especially money laundering (ML)
and terrorist financing (FT) have assumed in International financial markets,
and the risks they pose to the financial markets globally and to Ghana in
particular, the need for a comprehensive effort to fight this menace has been
realized. It is against this background that the Securities and Exchange
Commission (SEC) and the Financial Intelligence Center (FIC) in accordance
with Section 6(d) of Act 749 and Regulation 38 of L.I.1987 have developed this
manual to guide Capital Market Operators (CMOs) to enhance their monitoring
and surveillance systems with a view to preventing, detecting and responding
appropriately to ML and FT risks.