Angola
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Rebel Groups
(Reuters) – Angola intends to crush the FLEC insurgents. The Front for the Liberation of the Enclave of Cabinda (FLEC), a small remnant of a group that has being fighting for independence from Angola for over 30 years, is led from Paris by its long-time president, N’Zita Tiago. Some rebels are believed to operate from the Congo Republic to the north of Cabinda.
Conflict Diamonds
See, Diamonds & Other High Value Commodities – Vigilance towards products as diamonds and other high value commodities.
FATF Warning List
February 22, 2013 – As part of its on-going review of compliance with the AML/CFT standards, the FATF has to date identified the following jurisdiction (Angola) which has strategic AML/CFT deficiencies for which it has developed an action plan with the FATF. Angola has provided a written high-level political commitment to address the identified deficiencies. The FATF welcomes these commitments.
Note: Strategic Deficiencies Require Enhanced Due Diligence
The FATF calls on Angola to complete the implementation of action plans expeditiously and within the proposed timeframes. The FATF will closely monitor the implementation of these action plans and encourages its members to consider the information presented in the link.
June 22, 2012 – As part of its on-going review of compliance with the AML/CFT standards, the FATF has to date identified the following jurisdiction (Angola) which has strategic AML/CFT deficiencies for which it has developed an action plan with the FATF. Angola has provided a written high-level political commitment to address the identified deficiencies. The FATF welcomes these commitments.
Note: Strategic Deficiencies Require Enhanced Due Diligence
The FATF calls on Angola to complete the implementation of action plans expeditiously and within the proposed timeframes. The FATF will closely monitor the implementation of these action plans and encourages its members to consider the information presented in the link.
February 16, 2012 – The Financial Action Task Force (FATF) is the global standard setting body for anti-money laundering and combating the financing of terrorism (AML/CFT). In order to protect the international financial system from ML/FT risks and to encourage greater compliance with the AML/CFT standards, the FATF identified jurisdictions that have strategic deficiencies and works with them to address those deficiencies that pose a risk to the international financial system.
As part of its ongoing review of compliance with the AML/CFT standards, the FATF has identified that this jurisdictions (Angola) has AML/CFT deficiencies for which it has developed an action plan with the FATF.
NOTE-1: Strategic deficiencies require Enhanced Due Diligence
NOTE-2: FATF members and other jurisdictions should apply counter-measures to protect the international financial system from the on-going and substantial money laundering and terrorist financing (ML/TF) risks emanating from the jurisdictions Iran and North Korea.
The FATF and the FSRBs will continue to work with this jurisdiction and to report on the progress made in addressing the identified deficiencies. The FATF calls on the jurisdiction to complete the implementation of action plans expeditiously and within the proposed time frames. All member states should treat this jurisdiction (Angola) with vigilance FATF Public Statement – February 16, 2012
June 24, 2011 – The Financial Action Task Force (FATF) is the global standard setting body for anti-money laundering and combating the financing of terrorism (AML/CFT). In order to protect the international financial system from ML/FT risks and to encourage greater compliance with the AML/CFT standards, the FATF identified jurisdictions that have strategic deficiencies and works with them to address those deficiencies that pose a risk to the international financial system.
As part of its ongoing review of compliance with the AML/CFT standards, the FATF has identified that this jurisdictions (Angola) has AML/CFT deficiencies for which it has developed an action plan with the FATF.
NOTE-1: Strategic deficiencies require Enhanced Due Diligence
NOTE-2: FATF members and other jurisdictions should apply counter-measures to protect the international financial system from the on-going and substantial money laundering and terrorist financing (ML/TF) risks emanating from the jurisdictions Iran and North Korea.
The FATF and the FSRBs will continue to work with this jurisdiction and to report on the progress made in addressing the identified deficiencies. The FATF calls on the jurisdiction to complete the implementation of action plans expeditiously and within the proposed time frames. All member states should treat this jurisdiction (Angola) with vigilance FATF Public Statement – June 24, 2011
US FinCen – AML/CFT Deficiencies Warning List
July 13, 2011 – FinCen adopted the Financial Action Task Force Public Statement on Anti-Money Laundering and Counter-Terrorist Financing Risks and FinCen provided guidance on the subject. More detailed information FIN-2011-A011 and FIN-2011-A012
Retrieved from “http://sanctionswiki.org/Angola” Categories: Embargoed Countries | EU Embargoed Countries | FATF Warning List | FinCen Embargoed Countries