Financial Crime World

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Combating Terrorist Financing and Financial Crimes in Angola

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Threats Posed by Terrorist Financing (TF) in Angola

It appears that terrorist financing poses a significant threat to Angola. The authorities have identified key sectors vulnerable to TF risks, including:

  • Financial Institutions: These institutions are at risk of being exploited for TF purposes.
  • Non-Financial Businesses and Professions (NFBPs): NFBPs, such as real estate agents and lawyers, may also be vulnerable to TF risks.

Combating the Financing of Proliferation (FP) in Angola

Angola has made some efforts to combat FP, but these efforts are largely focused on implementing international obligations rather than addressing specific risks identified in the NRA report.

Overall Level Assessment

Based on the information provided, I would assess Angola’s overall level of compliance with AML/CFT regulations as follows:

Financial Intelligence: 6/10

  • There is some evidence that Angola has implemented measures to collect and analyze financial intelligence.
  • However, there are concerns about the effectiveness of these measures in identifying TF risks.

ML Investigations: 4/10

  • There is limited evidence of money laundering (ML) investigations being conducted in Angola.
  • This suggests a lack of effective enforcement mechanisms for AML/CFT regulations.

Prosecutions and Confiscation: 5/10

  • While there have been some prosecutions related to financial crimes, these efforts are not sufficient to address the scope of TF risks in Angola.
  • There is also concern about the effectiveness of confiscation measures in recovering proceeds from financial crimes.

Combating Terrorist Financing (TF) and Proliferation (FP): 6/10

  • Angola has made some efforts to combat TF, but these efforts are largely focused on implementing international obligations rather than addressing specific risks identified in the NRA report.
  • There is limited evidence of FP cases being investigated or prosecuted in Angola.

Overall Level: 5.2/10

This assessment is based on the information provided and may not reflect the actual level of compliance with AML/CFT regulations in Angola. If you need to assess the actual level of compliance, I recommend consulting the relevant authorities or experts in the field.