• Facebook
  • Twitter
  • LinkedIn
  • Instagram
  • WhatsApp
  • Telegram
  • Email
32 °c
Yaounde
AFRICA GOVERNANCE REPORT
Thursday, February 25, 2021
NEWSLETTER
  • ABOUT US
    • All
    • Internal Governance

    Zimbabwe: Government’s Fresh Measures to Curb COVID-19 Spread

    CAR: Elections Campaigns Launched Officially

    Ghana: President Akufo Extends Leadership Hand to Opposition

    DRC: President Earmarks Major Positive Reforms to Enforce Sacred Union

    RCA 62nd Republic Day: President Promises Bright Future

    Chad: Field Marshal Idriss Deby Celebrates 30 Years in Power

    Congo: Gov’t Commemorates Proclamation of the Republic

    Ethiopia’s Tigray Crisis: Gov’t Warns Against “Uncalled” Foreign Interference

    Cameroon: Minister of Transport guarantees MPs  to revamp CAMAIRCO and improve other means of transport

    Cameroon: Minister of Transport guarantees MPs to revamp CAMAIRCO and improve other means of transport

    • Board of Trustees
    • Contact us
    • Internal Governance
    • What we do
    • Who we are
  • WHAT WE DO
    • All
    • Conflict Resolution, Mediation & Reconciliation
    • Democracy Building
    • Election Monitoring & Reporting
    • Governance Report
    • Human Rights Advocacy
    • Research, Reports, Publication & Information

    Cameroon: Customs Department Celebrate great strides in 2020 despites COVID 19

    Cameroon Government Embarks on Building Modern Primary School

    Nigeria: Country offers to assist Mozambique fight against terrorism

    Nigeria: Country offers to assist Mozambique fight against terrorism

    CAR: State of Emergency Declared Across the Country

    The move by President Muhammadu Buhari comes as the country is battling with a shortage of oxygen for Covid-19 patients amidst a second wave of the pandemic.

    Nigeria: Government approves $17m to build 38 oxygen plants as virus surges

    Risk of Money Laundering and Financing of Terrorism Reported to be High in Cameroon:

    Cameroon: Government begins supplying hemodialysis machines to the Bamenda centre

    Cameroon: Government begins supplying hemodialysis machines to the Bamenda centre

    Cameroon: UNDP offer Equipments to support Government efforts towards the Conservation of Biodiversity in the Congo Basin

    Sudan Seals Important Financial, Economic Deals With the US

    Trending Tags

      • Conflict Resolution, Mediation & Reconciliation
      • Democracy Building
      • Election Monitoring & Reporting
      • Governance Report
      • Human Rights Advocacy
      • Research, Reports, Publication & Information
    • GET INVOLVED
      • Become a Member
      • Become a Supporter
      • Donate Online
    No Result
    View All Result
    • ABOUT US
      • All
      • Internal Governance

      Zimbabwe: Government’s Fresh Measures to Curb COVID-19 Spread

      CAR: Elections Campaigns Launched Officially

      Ghana: President Akufo Extends Leadership Hand to Opposition

      DRC: President Earmarks Major Positive Reforms to Enforce Sacred Union

      RCA 62nd Republic Day: President Promises Bright Future

      Chad: Field Marshal Idriss Deby Celebrates 30 Years in Power

      Congo: Gov’t Commemorates Proclamation of the Republic

      Ethiopia’s Tigray Crisis: Gov’t Warns Against “Uncalled” Foreign Interference

      Cameroon: Minister of Transport guarantees MPs  to revamp CAMAIRCO and improve other means of transport

      Cameroon: Minister of Transport guarantees MPs to revamp CAMAIRCO and improve other means of transport

      • Board of Trustees
      • Contact us
      • Internal Governance
      • What we do
      • Who we are
    • WHAT WE DO
      • All
      • Conflict Resolution, Mediation & Reconciliation
      • Democracy Building
      • Election Monitoring & Reporting
      • Governance Report
      • Human Rights Advocacy
      • Research, Reports, Publication & Information

      Cameroon: Customs Department Celebrate great strides in 2020 despites COVID 19

      Cameroon Government Embarks on Building Modern Primary School

      Nigeria: Country offers to assist Mozambique fight against terrorism

      Nigeria: Country offers to assist Mozambique fight against terrorism

      CAR: State of Emergency Declared Across the Country

      The move by President Muhammadu Buhari comes as the country is battling with a shortage of oxygen for Covid-19 patients amidst a second wave of the pandemic.

      Nigeria: Government approves $17m to build 38 oxygen plants as virus surges

      Risk of Money Laundering and Financing of Terrorism Reported to be High in Cameroon:

      Cameroon: Government begins supplying hemodialysis machines to the Bamenda centre

      Cameroon: Government begins supplying hemodialysis machines to the Bamenda centre

      Cameroon: UNDP offer Equipments to support Government efforts towards the Conservation of Biodiversity in the Congo Basin

      Sudan Seals Important Financial, Economic Deals With the US

      Trending Tags

        • Conflict Resolution, Mediation & Reconciliation
        • Democracy Building
        • Election Monitoring & Reporting
        • Governance Report
        • Human Rights Advocacy
        • Research, Reports, Publication & Information
      • GET INVOLVED
        • Become a Member
        • Become a Supporter
        • Donate Online
      No Result
      View All Result
      AFRICA GOVERNANCE REPORT
      No Result
      View All Result
      Home WHAT WE DO Governance Report

      Risk of Money Laundering and Financing of Terrorism Reported to be High in Cameroon:

      Ekellem Desmond Mbong by Ekellem Desmond Mbong
      January 21, 2021
      in Governance Report
      0
      0
      SHARES
      8
      VIEWS
      Share on FacebookShare on Twitter

      The risk of money laundering and financing of terrorism has been reported to be high in Cameroon. The observation was made during the workshop of the restitution of the Report of Cameroon Risk Assessment on Money Laundering and Financing of Terrorism that took place on January 19 2021 at the Mont Febe Hotel.

      RELATED POSTS

      Cameroon: Customs Department Celebrate great strides in 2020 despites COVID 19

      Cameroon Government Embarks on Building Modern Primary School

      According to report sectors more exposed to money laundering are the banking, securities market, insurance, micro finance, money transfer companies, money exchange casinos, real estate, precious meters and car dealing.

      As concerning the financing of terrorism, the report stated the risk is high because of terrorist acts recorded in Cameroon, of detected financial flows, sources and network of terrorism financing in and as well as out of the country. Factors taking into consideration to detect the threat of financing of terrorism are the payment of ransom, looting of financial institutions, cattle looting, contraband, counterfeit, drogue and arms trafficking, trade in agricultural and fisheries products and normal commercial activities

      Speaking during the workshop, the Minister Delegate to the Minister of Finance, Yaouba Abdoulaye who presided the closing ceremony said the conduct of this report testify the will and determination of the Cameroon government to have a mechanism that does not only conform to international norms but also guarantee the integrity of the national financial system important to attract healthy investment necessary for the development of Cameroon.

      The Minister delegate added that the report will serve as a tool of orientation and decision making at the central and sector level. At the central level, the report will serve basically as a compass to strategic decision making in the implementation of measures seeking to strengthen the national financial mechanism of the fight against money laundering and financing of terrorism.

      At the sector level, the report constitute a solid base for different national authorities, supervisory autoregulation and control organs, subjected professions who are to draw inspiration from the national evaluation of risks in order to back up and carry out their own sectoral evaluation in order to better organize and refine their surveillance, detection and repression systems.

      Financed by the World Bank and accompanied by the Action Group on Money Laundering in Central Africa knowns in its french acronym GABAC, the National Evaluation of Risk of Money Laundering and Financing of Terrorism was conducted by a Committee put in place and led by the National Financial Investigation Agency (NAFI)

      It should be noted that the fight against Money Laundering and Financing of Terrorism is one of the lever of financial integrity. In its pursuit of Economic development, the government is engage to modernize its financial sector

      Tags: MINFIMoney Laundering and Financing of Terrorism in CameroonNAFIWorld Bank Cameroon
      ShareTweetPin
      Ekellem Desmond Mbong

      Ekellem Desmond Mbong

      Related Posts

      Cameroon: Customs Department Celebrate great strides in 2020 despites COVID 19

      by Ekellem Desmond Mbong
      February 3, 2021
      0

      The  Customs Department  of the Ministry of Finance has proved its worth as an effective government structure to secure the...

      Cameroon Government Embarks on Building Modern Primary School

      by Ekellem Desmond Mbong
      February 3, 2021
      0

      Samples Schools construction launched in two Divisions in the Centre Region shall be extended throughout the national territory in the...

      The move by President Muhammadu Buhari comes as the country is battling with a shortage of oxygen for Covid-19 patients amidst a second wave of the pandemic.

      Nigeria: Government approves $17m to build 38 oxygen plants as virus surges

      by Amos Muang Nsah
      January 22, 2021
      0

      The move by President Muhammadu Buhari comes as the country is battling with a shortage of oxygen for Covid-19 patients...

      Cameroon: Government begins supplying hemodialysis machines to the Bamenda centre

      Cameroon: Government begins supplying hemodialysis machines to the Bamenda centre

      by Amos Muang Nsah
      January 7, 2021
      0

      The supply of the machines has come to relief the patients with kidney failures, the pain and suffering that they...

      Cameroon: UNDP offer Equipments to support Government efforts towards the Conservation of Biodiversity in the Congo Basin

      by Ekellem Desmond Mbong
      January 7, 2021
      0

      The Ministry of Forestry and Wildlife on Tuesday 05 January 2021 received a consignment of biodiversity  conservation  equipments from the...

      Next Post
      The move by President Muhammadu Buhari comes as the country is battling with a shortage of oxygen for Covid-19 patients amidst a second wave of the pandemic.

      Nigeria: Government approves $17m to build 38 oxygen plants as virus surges

      CAR: State of Emergency Declared Across the Country

      Leave a Reply Cancel reply

      Your email address will not be published. Required fields are marked *

      RECOMMENDED

      Cameroon: Customs Department Celebrate great strides in 2020 despites COVID 19

      February 3, 2021

      Cameroon Government Embarks on Building Modern Primary School

      February 3, 2021

      MOST VIEWED

      • Cameroon Government presents  its National Development Strategy for 2020-2030

        Cameroon Government presents its National Development Strategy for 2020-2030

        0 shares
        Share 0 Tweet 0
      • Cameroon: Bar Association calls for calm after Douala Court police clash with lawyers

        0 shares
        Share 0 Tweet 0
      • Cameroon: Minister of Transport guarantees MPs to revamp CAMAIRCO and improve other means of transport

        0 shares
        Share 0 Tweet 0
      • Cameroon: MINJEC- UBA signs Partnership for the production and Distribution of Biometric Youth Card

        0 shares
        Share 0 Tweet 0
      • Cameroon Government takes great steps to make Decentralization a Governance Priority

        0 shares
        Share 0 Tweet 0
      AFRICA GOVERNANCE REPORT

      Africa Governance Report is a legally registered United States 501(c) (3) nonprofit organization devoted to research...

      En savoir plus

      CATEGORY

      • Conflict Resolution, Mediation & Reconciliation
      • Democracy Building
      • Election Monitoring & Reporting
      • Governance Report
      • Human Rights Advocacy
      • Internal Governance
      • Research, Reports, Publication & Information
      • TOP NEWS
      • Uncategorized

      RECENT POSTS

      • Cameroon: Customs Department Celebrate great strides in 2020 despites COVID 19
      • Cameroon Government Embarks on Building Modern Primary School
      • Nigeria: Country offers to assist Mozambique fight against terrorism
      • CAR: State of Emergency Declared Across the Country
      • Nigeria: Government approves $17m to build 38 oxygen plants as virus surges
      • Risk of Money Laundering and Financing of Terrorism Reported to be High in Cameroon:
      • Cameroon: Government begins supplying hemodialysis machines to the Bamenda centre
      • Cameroon: UNDP offer Equipments to support Government efforts towards the Conservation of Biodiversity in the Congo Basin

      NEWSLETTER

      Subscribe to Mailing List

      Get daily updates to all news reports, local and national coverage.

      • Home
      • Terms of use
      • Career
      • Contact

      Copyright ©2020. Africa Governance Report Inc. All Rights Reserved.

      No Result
      View All Result
      • ABOUT US
        • Board of Trustees
        • Contact us
        • Internal Governance
        • What we do
        • Who we are
      • WHAT WE DO
        • Conflict Resolution, Mediation & Reconciliation
        • Democracy Building
        • Election Monitoring & Reporting
        • Governance Report
        • Human Rights Advocacy
        • Research, Reports, Publication & Information
      • GET INVOLVED
        • Become a Member
        • Become a Supporter
        • Donate Online

      Copyright ©2020. Africa Governance Report Inc. All Rights Reserved.