Africa-Press – Angola. The application of heavy fines and greater supervision of financial institutions that violate good practices are some of the measures that help to prevent the crime of money laundering (Money Laundering) in the country, said today the jurist and lawyer, Evaristo Abreu.
Evaristo Abreu, who was speaking on the subject of “money laundering in Angola, referred that the country already has laws on money laundering and the only thing missing, on the part of the authorities, is to comply with them efficiently, in order to reduce the commission of this type of crime.
“In terms of legislation for the financial sector, we have 12 regulations”, underlined the interviewee.
Likewise, he highlighted the reforms carried out by the State in the financial sector which, in his view, have contributed to obtaining financing more easily, in order to allow budgetary expenditure to be carried out.
On the other hand, he referred to criminal proceedings on money laundering, highlighting, as an example, a case of the former director of the Office of Revitalization and Marketing of the Administration of the Presidency of Angola, which became final.
There are other ongoing processes, said the source, stating that there is a lethargy in their processing.
For him, “it is assumed that there was a certain delay in the procedural process on the part of the Financial Information Unit (UIF), in instructing the processes for the PGR, because most of the cases made public are of people linked to the State apparatus (Exposed Persons Politically).
In addition to these Politically Exposed Persons (PEP), he explained, there are anonymous people, not known by society, who commit the crime of money laundering, but the process takes time to become final.
The interlocutor believes that, currently, there are no longer many crimes of money laundering, as there is an increase in supervision, as financial institutions do not want to waste money with the fines imposed by the National Bank of Angola (BNA) and run the risk of lose the license.
He also referred that the major issues of money laundering in the country take us back to a certain period of growth of the Angolan economy.
Money laundering, also known as “money laundering”, is a criminal practice that aims to hide the illicit origin of some capital or other irregular assets, such as jewelry, real estate and shell companies.
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