The Bank of Central African States (Beac) has just launched a selection for the acquisition and implementation of an IT solution for filtering, profiling and tracing financial flows in CEMAC (Cameroon, Central African Republic, Congo, Gabon, Equatorial Guinea and Chad).

According to the Central Bank, this operation is part of the fight against money laundering and the financing of terrorism. "The process will take place in accordance with Regulation No. 01 Cemac/Umac/CM/18 on the adoption of la Beac , including selection based on the cost of the proposal," the banking institution said. It specifies that tenders must be accompanied by a bank guarantee in the amount of 1 million FCFA. Applications must be received by 6 November 2020 at the latest.

This action by the Central Bank comes nearly two years after an alert from the Action Group against Money Laundering in Central Africa (Gabac), which transmitted on September 27, 2018, a report to the authorities of the seven member countries of the Group: Cameroon, Central African Republic, Congo, Gabon, Equatorial Guinea, Chad and DR Congo. In this report, Gabac noted "the persistence of the shortcomings identified by the various assessment missions" in the fight against money laundering and the financing of terrorism (AML/CFT).

These various shortcomings, according to the Action Group, may result, in addition to the sanctions provided for in the Mutual Evaluation Procedures Manual, in the referral of the Financial Action Task Force (GAFI) . This intergovernmental body for the fight against money laundering and the financing of terrorism "could decide to make a public statement, thus making our States countries at risk, or even inclusion on the black list", reported the Gabac at the time.

According to this institution, the consolidated volume of remittances, during the period 2013-2016, from CEMAC stands at 2,228.76 billion FCFA while receipts are only 1,171.92 billion. This shows a gap of 1,056.84 billion CFA francs during the period under review.