Financial Crime World

How to Prevent Financial Crime in São Tomé and Príncipe: Tips and Precautions

São Tomé and Príncipe, an island nation off the coast of West Africa, is known for its stunning natural beauty and rich cultural heritage. However, like many countries, it’s not immune to financial crimes that can affect tourists and locals alike.

Understanding the Risks

While there is no recent history of terrorism in São Tomé and Príncipe, the country’s economic difficulties and political rows have led to occasional civil unrest. This can create an environment conducive to financial crimes such as money laundering and corruption.

Crime Prevention Tips

To reduce your risk of falling victim to financial crime in São Tomé and Príncipe:

  • Avoid carrying large amounts of cash or displaying expensive jewelry, which can be a target for thieves.
  • Keep valuable documents secure, either by using a hotel safe or a secure storage facility.
  • Be cautious when using ATMs, as they are limited in São Tomé and Príncipe. Withdraw only what you need and keep your card secure.

Money Matters

Credit cards are not widely accepted in São Tomé and Príncipe, so it’s essential to check if your hotel or restaurant accepts credit cards before making a purchase. Withdrawing cash from ATMs can be challenging due to their limited availability. If you do need to withdraw cash, use reputable currency exchange services.

Transport Risks

While road conditions in São Tomé and Príncipe are poor, there is an even greater risk associated with public transportation. Taxis and motorbike taxis (motoqueiros) are the primary modes of public transport, but they can be unsafe and poorly maintained. It’s best to use reputable taxi services or hire a private car for transportation.

Air Travel

If you plan to fly in São Tomé and Príncipe, make sure to check the UK Air Safety List (ASL) to ensure that your airline meets international safety standards.

By following these tips and precautions, you can minimize your risk of falling victim to financial crime in São Tomé and Príncipe. Enjoy your stay on this beautiful island nation!