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Congo: Banking sector undermined

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

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

A series of illicit cash flows is rescuing 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. For this, there are two other major challenges to be met, in particular that of an informal sector which represents some 75% of transactions, and other a very strong dollarization of the economy.
Although, bankers recognize that the fight against money laundering is not carried out with the same vigour by all actors.

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