Luanda - Angola is committed and aligned with efforts of protecting the financial system against money laundering, terrorist financing and other financial crimes, said on Friday, the director general of the Financial Information Unit (UIF), Gilberto Capeça.
Gilberto Capeça gave this assurance during a meeting with the Angolan ambassador to the United Arab Emirates (UAE) on the sidelines of his participation in the 29th Annual Plenary Meeting of the Egmont Group.
The official also reported the signing of two Memoranda of Understanding between the FIU and the Financial Intelligence Unit of the United Arab Emirates and another with the National Financial Registration Center of the Democratic Republic of the Congo, on the exchange of expertise and financial intelligence.
The Financial Intelligence Unit of Angola (FIU) is tasked to receive, analyze and disseminate information on suspicious transactions, which include the money laundering, terrorist financing and the proliferation of weapons of mass destruction, as well as to cooperate with international counterparts and other competent entities for the prevention and combating financial crimes.
More than 500 participants from more than 160 member countries of the organization attended the 29th Annual Plenary Meeting of the Egmont Group.
The use of artificial intelligence for more effective collaboration, best practices in the exchange of financial information and the development of training programs were among the subjects discussed in the meeting.
Established in 1995, the Egmont Group is a 166-member international organization that works to improve communication as well as collaboration between FIUs and their members, and receives thousands of suspicious transaction reports annually. VM/DOJ
