The risk of money laundering and terrorist financing is high in Cameroon. According to the National Agency for Financial Investigation (ANIF), between 2006 and 2017, more than 1050 billion FCFA, about 1.8 billion dollars were laundered in Cameroon according to figures published during the first National Risk Assessment (ENR) of Money Laundering (BC) and Financing of Terrorism (FT).

This evaluation, which benefited from the technical support of the World Bank (WB), was carried out in compliance with the recommendations of the Financial Action Task Force (FATF) in this area as well as the provisions of the Regulation of the Economic and Monetary Community of Central Africa (CEMAC) of 16 April 2016 on prevention and combating money-laundering and the financing of terrorism. According to the report, the amounts in terms of money laundering are greater through embezzlement of public funds and corruption.

The ANIF, which counted nearly 5,000 denunciations and registered 700 files transferred in 2018 before the judicial authorities, informs that this work has made it possible to identify threats, better understand vulnerabilities and assess the risk of money laundering and terrorist financing to which the country is exposed.

It appears that the level of money laundering is higher in the sectors of banking, real estate, bureaux de change, dealers in metals and precious stones, notaries, casinos and sellers of building materials. For their part, remittance companies, specialized financial institutions, art dealers and non-profit organizations constitute the second level of money laundering risk, while the securities market, the insurance sector, accountants and auditors, hire-purchase companies and cash-in-transit companies constitute the third level of risk.