Equatorial Guinea Tackles Financial Crimes in Digital Age

The Equatorial Guinean government has taken a significant step in addressing financial crimes in the digital age by adopting new laws regulating the use of social media and cyberspace.

Curbing Cybercrime with New Laws

In a move aimed at curbing cybercrime, the country’s Chamber of Deputies recently adopted articles determining computer-related crimes and penalties for those who commit them. The laws will be enforced by relevant jurisdictional bodies, ensuring that those found guilty face appropriate punishment.

Key Provisions of the New Laws:

• Unauthorized Access: Unlawful access to computer systems, programmes or data
• Illegal Interception: Illegal interception of communications and transmissions between information and communication technology systems
• Intentional Interference: Intentional interference with computer systems, alteration, destruction, duplication or damage
• Computer Fraud: Offences related to inserting false or fraudulent instructions in computer systems to obtain profit, computer espionage, and theft by computerised means

Protecting Against Cyber Threats

The adoption of these laws is a significant step in Equatorial Guinea’s efforts to combat financial crimes in the digital age. As the country continues to develop its technology infrastructure, it is crucial that it also implements robust measures to protect against cyber threats and ensure the integrity of its financial systems.

Key Benefits:

• Reduced Risk: Implementation of robust cybersecurity measures reduces the risk of financial crimes
• Increased Trust: Robust measures increase trust among citizens and businesses in the country’s financial system
• Economic Growth: A secure financial system fosters economic growth and development