Africa-Press – Angola. The 47th Meeting of Senior Experts of the Group to Combat Money Laundering in Southern and Eastern Africa (ESAAMLG), which took place in Lubango, Huíla province, until Friday, recommended that some Member States technically conform their related legal framework, among them is Angola.
The group also includes Botswana, Eswatini, Ethiopia, Madagascar, Mozambique, South Africa, Tanzania, Uganda, Zambia, Kenya, Malawi, Seychelles, Zimbabwe, Burundi and South Sudan.
Speaking to the press, at the end of the work, the coordinator of the multisectoral commission created by the Government to organize the event, Gilberto Capeça, highlighted that the members of ESAAMLG, the focus of this recommendation, must look, fundamentally, at technical compliance, where there are delays in the creation of laws that comply with the fight against money laundering.
He detailed that the assessment of this group of experts does not look at effective compliance or effectiveness, but only at technique, meaning that countries must seek improvements in this regard, through the implementation of a series of laws and regulations.
According to Gilberto Capeça, countries were also asked to be faster in approving these laws and regulations, because time is short to be able to implement them and then to check whether, in fact, they respond to the purpose for which they were designed.
In parallel to the ordinary meetings, he said that a bilateral meeting was held between technicians from the Designated Non-Financial Activities and Professions (APNDF) sector, from the Republic of Kenya and the Republic of Angola.
The aforementioned meeting aimed to exchange experience between experts from both countries, to reinforce the coordinated response in the PC-BC/FT/FP of the various designated non-financial sectors.
More than 800 delegates from ESAAMLG member countries and representatives from Cooperating and Supporting Nations and Organizations gathered to deliberate on issues related to efforts to combat money laundering and terrorist financing in the region.
The ESAAMLG, created in 1999, is a regional body made up of 21 member countries dedicated to combating money laundering and the financing of terrorism and the proliferation of weapons of mass destruction in East and Southern Africa, based on FATF recommendations and other international instruments defined to combat financial crimes.
The Regional Group works collaboratively and these meetings are bi-annual in nature, with the group facilitating debates between delegates from Member States and observers on a range of issues related to preventing and combating money laundering, terrorist financing and the proliferation of weapons of mass destruction.
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