Lubango – Angola recorded “progress in terms of technical compliance” in the fight against money laundering, with the creation of seven draft laws that will be discussed in the National Assembly next week.
The fact was made known Friday, at the end of the 47th Meeting of Senior Experts of the Group to Combat Money Laundering in Eastern and Southern Africa (ESAAMLG).
Speaking to the press, the coordinator of the multisectoral commission created by the Angolan Government to organize the event, Gilberto Capeça, said that that Angola concluded and approved in the Council of Ministers seven proposed laws that will now be discussed, starting next week, at the National Assembly.
The objective, according to the source, is that these laws will be approved and then publicized by the end of the current month, with the aim of improving Angola's position in terms of technical compliance.
Gilberto Capeça said that among the proposals and laws, are that of preventing and combating money laundering, the penal code, the designation of international legal acts, on the beneficial owner and that of NGOs, which are being reviewed and then of approvals will help improve the technical compliance framework.
He added that Angola's report is in the evaluation process that began in 2021 and was published in 2023, and at the moment it is in the post-observation period, because it has to improve the identified non-conformities, to be discussed in September this year.
Gilberto Capeça highlighted that at this meeting they only looked at legal issues, to see to what extent Angola improved its technical compliance, but the country still made “great progress”.
The event brought together more than 800 delegates from ESAAMLG member countries and representatives from Nations and Cooperation and Support Organizations are gathered in Lubango to deliberate on issues related to efforts to combat money laundering and terrorist financing in the region.
Delegates decided that the 48th Senior Experts meeting of the Southern and West African Money Laundering Group event will take place in the city of Kampala, Uganda.
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 the FATF Recommendations and other international instruments defined to combat financial crimes. BP/MS/DOJ
