Parties involved in the
fight against money laundering and terrorism financing in Cameroon are
putting more efforts to hit their goal. This is shown through the
analysis of the national system launched February 25 in Douala, for this
purpose.
While they reported only
83 suspected cases to the National Financial Investigation Agency (Anif)
in 2008, the number significantly grew reaching 670 in 2018, it is
officially reported. Accordingly to its statutes, Anif benefits from the
collaboration of banks, microfinance institutions, insurance companies
and other regulated institutions. At the regulatory level, these
institutions are required to report suspicious transactions to the
State's financial intelligence unit, enabling it to commence
investigations.
As money laundering is
increasingly being carried out through investments in sectors such as
real estate, it is reported, Anif has also included hardware stores in
the list of its fight partners.
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