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Finance: the banking sector receives a favourable opinion from ESAAMLG

08/05/2023
Source : ORISHAS FINANCE
Categories: Economy/Forex

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The Angolan financial banking sector received a positive rating. The score was awarded after Angola defended the Mutual Evaluation Report (RAM) in Arusha, Tanzania, at the technical meeting of the ESAAMLG “Task Force” at the end of March

.

The results of Angola's mutual evaluation process, under the FATF, were shared by the Governor of the National Bank of Angola, Lima Massano, at a regular consultation and consultation meeting held with members of the Angolan Banking Association (ABANC). According to the BNA publication, the meeting with ABANC aimed to analyze various current economic and financial issues, including proposals to review training programs on the prevention of money laundering, the implementation of prudential regulatory reforms, and

applicable modalities.

ESAAMLG is the group of southern and eastern African countries, created to monitor member countries' progress in complying with and implementing FATF recommendations in their jurisdictions, concerning prevention and fight against money laundering and terrorist financing. It is composed of 17 countries, including Angola, Botswana, Ethiopia, South Africa, Namibia, Tanzania, Rwanda, Seychelles, Swaziland, Kenya, Zambia, Uganda, Mozambique, Malawi, Lesotho, Mauritius, and Zimbabwe

.
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