Angolan government recovers US$5 billion in assets

17 December 2019

The government of Angola has recovered, since the beginning of 2019, more than US$5 billion in assets, domiciled in Angola and abroad as a result of crimes of corruption, the Angolan Minister of Justice and Human Rights said on Monday in Abu Dhabi, United Arab Emirates.

Francisco Queiroz said in a statement issued in Luanda by his ministry that the government of Angola had benefitted from the support of international partners, particularly in relation to the repatriation of assets that were domiciled abroad.

The cooperation, he noted, was related to the repatriation of financial resources illegally transferred abroad, as well as the transfer, to the Angolan State, of the ownership of goods resulting from money laundering, given that the recovery of assets generated from corruption is a fundamental international principle.

The Minister of Justice said there are countries where illicitly transferred funds are domiciled still face some difficulties with the repatriation process.

With this in mind, he said that Angola would take up the position taken by some countries which have the same view of repatriation of capital and has co-sponsored the draft resolution called “Enhancing the recovery of assets to support the 2030 Agenda on sustainable development.” (macauhub)