Tag: financial intelligence centre
Rwanda has set up a Financial Intelligence Centre that aims to strengthen the country’s capacity to prevent, combat, and criminalize money laundering and terror financing.
At a recent Cabinet meeting, Rwandan President Paul Kagame approved the structure of a Financial Intelligence Centre, with the law establishing centre having been passed at the beginning of this year. This comes as the country recently amended anti-money laundering and counter-terrorist financing law and regulations, and announced that prosecution will be freezing the accounts and assets of corruption suspects. Will these security measures bring the country closer to being a potential financial hub like Mauritius? And what would it mean for the country if that was achieved? CNBC Africa spoke to Economic Analyst, Ted Kaberuka for more.