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Congo: The banking sector undermined

20/04/2021
Source : ORISHAS FINANCE
Categories: Sectors

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Bankers in Kinshasa say they are doing everything they can to prevent the illicit flow of money through their institutions. But the Gertler Affair taints confidence in Congolese banks

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A series of illicit cash flows is helping Congo's banking sector and complicating their operations in the DRC and internationally, as well as their relations with regulators.
The Congolese banking system must of course take part in the fight against money laundering. To this end, there are two other major challenges to be met, in particular that of an informal sector that represents some 75% of transactions, and another of the very high dollarization of the economy.
However, bankers recognize that the fight against money laundering is not carried out with the same vigor by all actors

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