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MINAT Boss Raises Awareness on lllicit Financing

MINAT Boss Raises Awareness on lllicit Financing

Atanga Nji Paul, Minister of Territorial Administration (MINAT) on December 20, 2024, in Yaounde, briefed leaders from major financial institutions in Cameroon on combating money laundering and terrorism. Leaders of various financial institutions converged at the conference hall of the Ministry of Territorial Administration where the MINAT Boss called on them to strictly monitor funds received from abroad by certain religious and non-religious associations, NGOs, and political parties. He instructed banks to verify the sources of funds sent to these organizations and report transactions above 500,000 CFA francs The Minister also called on financial institutions to be more vigilant about foreign donations to these organizations, as the origin of such funds is often unclear. It becomes evil when such funds are aimed to finance terrorism or threaten the security and stability of the country. At the conclusion of the meeting, Minister Atanga Nji, stated that those found violating the regulations in force would face penalties as outlined in the laws. MINAT is committed to closely monitoring financial activities to protect national security.

Précédent Lutte contre le blanchiment d’argent et le terrorisme: