Luanda - The chairperson of the Board of Directors of National Agency for Private Investment (ANIP), Maria Luisa Abrantes, has ruled out the existence in the country of companies that take advantage of contracts for private investment to cover up illegal activities like money laundering. 

Maria Abrantes said so Wednesday in Luanda to the press at the end of the formal signing of six agreements for projects of private investments.

According to the official, such may have happened in the past under the previous private investment law, "but now it is not the case ".

 
She said that this possibility is remote because, "besides the law on money laundering in force, the new Law on Private Investment requires USD 1 million of minimum value, as one of the conditions of acceptance of the proposed investment".

 
This value discourages the companies that come to the Angolan market with disguised intentions, she stressed.

 
On the other hand, the chairperson said that the ANIP demands from the investors updated reports of the activity carried out over the last three years.

It also requires the statutes of companies certified by the consulates and /or embassies of Angola in the countries of origin.