Luanda – The director of the financial information department of the National Reserve Bank of Angola (BNA), Francisca de Brito highlighted in Luanda the need for public and private financial institutions to co-operate with the state in the prevention of Money laundering and terrorism funding.

The director said so to Angop after the opening ceremony of the seminar on “Awareness on Combating Money Laundering and Terrorism Funding”.

Francisca de Brito said that such involvement is intended to safeguard the interest of Angola of not being considered by international entities as a safe haven of this evil that threatens economies.

In addition, Francisca de Brito said that the Angolan government is concerned about the consequences of Money Laundering and Terrorism Funding in the integrity of the financial system.

She said that BNA has regulations and warnings for banks and other financial institutions in order to strengthen measures on “know the customer and his/her business”, practices that may prevent harmful situation to the financial sector.

The event is being organised by the African Foundation Innovation, an organisation created by Angolans in Switzerland.

The seminar is discussing themes such as “The Impact on Economic Growth and Social Development”, “The risks, prudential and macroeconomic consequences”, “The Role of Supervision and the Financial Intelligence Unit, among other topics.

To end on Monday afternoon, the event is being attended by the Justice Minister, Guilhermina Prata and BNA governor, José de Lima Massano,