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Central Africa: The fight against money laundering intensifies

25/10/2021
Categories: General Information

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The 15th plenary meeting of the Technical Commission of the Action Group against Money Laundering in Central Africa (GABAC) opened on October 21 in Douala. The banks of the Central African States have made a commitment with the public authorities to intensify this fight against money laundering.

On this occasion, experts are developing a strategy to strengthen anti-money laundering measures in Central Africa. They defined a series of actions to strengthen anti-money laundering measures in the sub-region. Cameroonian Finance Minister Louis Paul Motazé, who chaired the deliberations, argued that there was an urgent need for transparency and accountability in a bid to root out illicit financial activities "which are harmful and dangerous to our countries. ".

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