Africa-Press – Angola. The Angolan banking financial sector obtained a positive score, in the technical compliance component, from the Group to Combat Money Laundering in Southern and East African Countries (ESAAMLG), an institution of the FATF- International Financial Action Group.
The note was awarded after Angola defended, at the end of March, in Arusha, Tanzania, the Mutual Evaluation Report (RAM), at the technical meeting of the ESAAMLG “task force”.
The results of Angola’s mutual evaluation process, within the scope of the FATF, were shared by the Governor of the National Bank of Angola, Lima Massano, during a consultation meeting and regular consultations held with members of the Angolan Association of Banks (ABANC).
The meeting with ABANC, according to the BNA publication, aimed to analyze various current economic and financial issues, including proposals for reviewing training programs on the prevention of money laundering , the implementation of regulatory reforms of a prudential nature and the applicable modalities.
After this step, the results of the “task force” discussions will be submitted to knowledge and subsequent deliberation in the plenary of the Council of Ministers of this FATF regional organization, to be held in the months of September and October of this year.
The document, defended by the Angolan delegation, results from the Mutual Evaluation Process (AM) to which member countries are subject to assess the level of technical compliance (technical compliance) of their laws and regulations to the 40 FATF recommendations.
These also seek to assess the adequacy and effectiveness (effectiveness) of its system for preventing and combating money laundering, financing of terrorism and financing of the proliferation of weapons of mass destruction (SNPC-BC/FT/FP).
The ESAAMLG is the group of countries in Southern and East Africa, created to monitor countries’ progress towards compliance and implementation of the FATF Recommendations in their jurisdictions, concerning the prevention and combating of money laundering and terrorist financing.
The group comprises 17 countries, namely Angola, Botswana, Ethiopia, South Africa, Namibia, Tanzania, Rwanda, Seychelles, Swaziland, Kenya, Zambia, Uganda, Mozambique, Malawi, Lesotho, Mauritius and Zimbabwe.
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