GABAC supports Congo with a public outreach seminar against money laundering

31 Aug, 2019

Henri Loundou, director of cabinet, representing Calixte Nganongo, Minister of Finance and Budget, opened, Wednesday 31 July 2019 in Brazzaville, a seminar on the popularisation of Regulation N0.1 CEMAC (Central Africa Economic and Monetary Community) of 11 April 2016, on the prevention and suppression of money laundering, terrorist financing and the proliferation of weapons in the sub-region.

The objective of the seminar is to support and help the Republic of Congo in the implementation of the said Regulation.

During three days, 90 participants will adopt the Community Legal Framework dedicated to the fight against money laundering and the funding of terrorism. They will acquire specific knowledge on prevention measures, as well as repressive provisions, including the cooperation mechanisms dedicated to the fight through this legal instrument. At the same time, they will build their capacities and their level in the implementation of this instrument in order not only to protect the National and Community Financial System from criminal abuse, but also to prosecute and convict criminals. The participants will also identify legislative and operational gaps in the fight against money laundering and the funding of terrorism in the Central Africa.

In many parts of the world, economic and financial systems are being undermined by money laundering. Peace and security are threatened by terrorist financing. These scourges are considered the most disastrous on our planet”, Henri Loundou said. Adding that“the seminar is a place of exchange of experience and best practices to enable the practicioners that you are, I am sure, each in his field, to exchange with other actors, towards an effective fight against money laundering and terrorist financing”.  

The Press office of the Ministry of Finance

Sub Category:FINANCES