Ver Angola

Economy

Angola recovered six billion in cash and learned another 21 billion in assets

Angola recovered 6 billion dollars and seized another 21 billion as part of the confiscation of assets, half of which was abroad, the deputy attorney general announced this Tuesday, suggesting the creation of an autonomous structure for asset management.

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Inocência Pinto stressed that the State created a set of measures to combat transnational organized economic and financial crime, focusing on the collection of evidence, breach of professional secrecy and loss of assets in favor of the State that led to this result.

The deputy attorney general was speaking this Tuesday at the opening of a workshop on confiscation and administration of assets organized by the Attorney General's Office and the United Nations Organization on Drugs and Crime (ONUDC).

"The results achieved can be considered positive and constitute a lever towards the continuity of the actions that aim to prevent and repress bad practices in the management of the treasury", she stressed, adding that the asset recovery process poses challenges and opportunities.

She considered that it is necessary to discuss whether the model adopted by Angola, with primacy for the trustee, is the best in view of reality, stressing that it is necessary to guarantee that the assets do not deteriorate while awaiting judicial decisions.

The National Service for the Recovery of Assets (Senra) has had the collaboration of several institutions, such as the General Coffer of Justice and the Institute for the Management of State Assets and Participations (IGAPE), but until now there is no entity with exclusive competence to asset management.

Inocência Pinto pointed out the challenge of finding good practices in the administration of confiscated assets under penalty of being degraded, suggesting the creation of a "task force" or a specific management structure dedicated to the valuation of assets, accompanied by an audit committee and members of civil society to look after the common interest.

The official also praised the role of international cooperation, with emphasis on the PRO.REACT project, which includes this initiative, as it allows the development of an effective system to combat illicit financial flows, contributing to economic growth and poverty reduction.

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