Banque Atlantique Cameroun denies any involvement in money laundering and terrorist financing operations.

Taking the opposite view of the Banking Commission of Central Africa (Cobac), Banque Atlantique Cameroun published a communiqué in which it contests the allegations of financing of terrorism and money laundering brought against it, at the end of the disciplinary sessions held last August 25, 26 and 27 in Brazzaville. Cobac had imposed sanctions on nearly 15 financial institutions in the Cemac zone, including the Atlantic Bank of Cameroon (Bacm), whose entire corporate bodies were hit by the regional banking regulator. A reprimand for non-compliance with an injunction was served to the PCA Léon Koffi Konan as well as to the DG Eric Valéry Zoa and the DGA, Sayouba Ouedraogo.