Governor of the National Bank of Angola determined to combat money laundering

30 November 2016

The governor of the National Bank of Angola (BNA), Valter Filipe da Silva, restated the determination of the Angolan State to combat “money laundering”, during a meeting with Italian businessmen operating in Angola, held on Monday in Rome.

At the meeting held at the headquarters of the Agency for Promotion Abroad and Internationalisation of Italian Enterprises (ICE), the governor added that the state is also determined to stop the flight of hard currency and enforce ethics in the financial system.

According to state news agency Angop, Valter da Silva told Italian entrepreneurs that, with the fall of the price of oil, the BNA had to work to improve the financial system and intervene in monetary and exchange policies in order to avoid a currency crisis.

The BNA governor’s visit is part of efforts to boost cooperation with the Bank of Italy, in particular for preventing and combating money laundering and terrorist financing and to strengthen relations with correspondent banks.

Cooperation between Angola and Italy began in August 1977 with the signing of a memorandum establishing the Bilateral Commission, then called the Joint Cooperation Committee, which was followed by the signing of a dozen legal instruments in the economic, technical, cultural and scientific fields. (macauhub)