Economy

International money-laundering watchdog removes Angola from its blacklist of nations

Date: Feb 22, 2016

An international money-laundering watchdog has removed Angola from its blacklist of nations that fail to meet international standards.

The Financial Action Task Force, FATF, which sets standards for anti-money laundering and fighting terrorist financing added Angola to the list in 2010. The Central Bank of Angola says the FATF's decision came after the country implemented reforms that included licensing of banks and setting up a Financial Intelligence Unit.

--reuters--

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