Search

Angola Pledges Reforms After FATF Places Nation on Gray List

  • Angola commits to addressing strategic deficiencies to exit FATF’s gray list
  • Economist warns of reputational and financial risks affecting Angola’s economy

Luanda, Angola – The Government of Angola has responded to its recent placement on the Financial Action Task Force’s (FATF) gray list, acknowledging unmet requirements from the FATF’s recommendations but pledging swift corrective action. In a statement released last Friday, Angola’s Ministry of Finance confirmed its commitment to implementing the FATF action plan to strengthen the National System for the Prevention and Combating of Money Laundering, Terrorist Financing, and the Proliferation of Weapons of Mass Destruction.

You need an active subscription to continue reading this article.

Recent Business

breaking_news
Rwanda Inflation Slows, but Conflict in Congo Poses Economic Risks
Read More »
breaking_news
Egypt’s Inflation Cools for Third Consecutive Month
Read More »
Cellphone with webpage of African bank Ecobank Transnational Inc. on screen in front of business logo. Focus on center of phone display
Ecobank Partners With XTransfer to Enable African Businesses to Pay for Chinese Imports in Local Currency
Read More »

Recent Politics

generic-1-1024x683
Ghana Names Asiamah as Central Bank Governor as Addison Retires
Read More »
breaking_news
ECOWAS to Maintain Trade Ties with Burkina Faso, Mali, and Niger
Read More »
Ethiopia, Tigray Valley, day life
Cash Withdrawals Surge in Tigray Amid Instability Fears
Read More »

Latest Posts

Latest news insights