DRC Removed from Grey List After Completing Anti-Money Laundering Plan
1 report, 1 independent
Updated Tue 00:00
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What happened
The Democratic Republic of the Congo completed its 23-point national action plan to combat money laundering, terrorist financing, and proliferation financing. This completion led to the country being removed from the grey list of jurisdictions under increased monitoring by the Financial Action Task Force.
From cnbcafrica.com
Why it matters
The removal from the grey list marks the end of a four-year reform drive for the Democratic Republic of the Congo. This milestone confirms the country's successful implementation of anti-money laundering and counter-terror financing measures.
From cnbcafrica.com
Who's involved
- Democratic Republic of the CongoCompleted the 23-point national action plan.
- Financial Action Task ForceConfirmed the completion and removed the Democratic Republic of the Congo from the grey list.
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The entities involved
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Democratic Republic of the Congo
country in Central Africa