Angola’s central bank in IMF agreement to prevent money laundering

PUBLISHED: Fri, 27 Oct 2017 09:01:58 GMT
Share

Angola’s Central Bank said on Thursday that it has signed agreements with the International Monetary Fund to be provided with technical assistance to strengthen its banking supervision, the prevention of money laundering and the illegal financing of militant groups.

In a statement on its website, the central bank said the contracts would run for about two years and were aimed at restoring credibility in the Angolan banking sector and re-establishing relations with international financial institutions.

Reporting by Stephen Eisenhammer; Editing by James Macharia

Sign Up for Our Newsletter Daily Update
Get the best of CNBC Africa sent straight to your inbox with breaking business news, insights and updates from experts across the continent.
Get this delivered to your inbox, and more info about about our products and services. By signing up for newsletters, you are agreeing to our Terms of Use and Privacy Policy.