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Cameroon – Finance: Money laundering and terrorist financing: CFAF 19 billion suspected in Cameroon in 2015

CFAF 19 billion suspected in Cameroon in 2015
Written by Deckson N.

In its 2015 report on the state of corruption published on 29 December 2016, the National Anti-Corruption Commission (Conac) revealed that in 2015, the National Financial Investigation Agency (ANFIF) transferred to the Cameroonian judiciary 75 files related to alleged money laundering and terrorist financing activities.

The sums suspected of being laundered or of financing terrorism in these various cases, it is said, were estimated at CFAF 19.2 billion, of which nearly CFAF 11 billion were suspected of financing terrorist activities on the national territory.

In 2014, 500 reports of suspicions were sent to the ANFIF by the taxable bodies (bank, microfinance institutions, notary public, accounting experts, etc.). In the course of that year, the sums that had been tried to trace this body, the secular arm of the State in the fight against money laundering and the financing of terrorism, were valued at 128 billion CFA francs.

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Deckson N.

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