Angolan Attorney General’s Office creates asset recovery office

28 December 2018

Angola’s Attorney General’s Office (PGR) is set to create an office in early 2019 to deal with issues related to the recovery of assets both abroad and inside the country, the Attorney General said on Thursday in Luanda.

Hélder Pitta Góis said that the office could be created in January or February and aims to respond to current challenges in the area of repatriation of capital and the fight against money laundering, according to the Angop news agency.

The Attorney General said that from March onwards new magistrates could be recruited, adding on the sidelines of the traditional end-of-year greetings ceremony that the office may make use of international cooperation.

The government of Angola set a “grace period” of six months for the repatriation of capital, which ended on Wednesday, and according to the authorities, the period that follows will involve “coercive repatriation.” (macauhub)