The Ministry of Finance assured, in this sense, that it "will make the necessary efforts to ensure the timely and effective compliance with the action plan recommended" by the Financial Action Task Force (FATF), on the day that the organization that fights money laundering included the country in the list of countries with enhanced monitoring.
In a statement, the executive explains that "following the mutual evaluation process to which the country was subjected in 2023", it was subjected to "a one-year observation period, during which it should resolve 87 recommended actions".
"The country has made significant progress", explains the executive led by João Lourenço, "having changed and created essential legal instruments" to comply with the requirements.
However, "after discussing the Progress Report after the Observation Period, the FATF's specialist body for Africa concluded that, of the 87 recommended actions, Angola managed to resolve a total of 70 deficiencies, with 17 remaining unresolved", the document points out.
The Ministry of Finance therefore points out that the "grey list" includes "countries that commit to quickly resolving identified strategic deficiencies" within the deadlines agreed with the FATF.
The FATF, an organization that fights against money laundering, announced on Friday that it had included Angola on its "grey list", as the list of countries that are subject to increased monitoring by the entity is known.
The announcement was made by the president of the FATF, Elisa de Anda Madrazo, at the end of a plenary meeting in which she stressed that "the process of inclusion on the [grey] list is not a punitive measure".
