Angola Boosts Financial Transparency Through ISJ and CMC Cooperation

Angola’s financial and gaming regulators have taken a significant step toward strengthening anti-money laundering (AML) and risk management across the country’s regulated sectors. The Gaming Supervision Institute (ISJ) and the Capital Markets Commission formalised their cooperation through an Institutional Cooperation Protocol signed Dr. Nerethz Tati, Director General of ISJ, and Dr. Elmer Serrão, Chairman of CMC.

The  agreement focuses on the prevention and combating of money laundering, terrorist financing and the proliferation of weapons of mass destruction (PC/BC/FT/PADM). It sets out frameworks for technical cooperation, information exchange, and joint training programmes aimed at improving oversight and aligning Angola’s regulatory practices with international standards.

“The signing of this protocol represents another firm and decisive step in consolidating a more transparent and controlled national financial system, aligned with international standards of integrity and risk prevention,” commented the ISJ.

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ISJ officials further explained that the framework is intended to enhance collaboration between the gaming and capital markets sectors and strengthen the industry’s capacity to manage financial crime risks. “The protocol aims to strengthen the convergence of responsibilities among operators in the gaming and capital markets sectors through technical cooperation, information sharing and the exchange of experiences,” the Institute noted.

The agreement also reflects Angola’s ongoing efforts to meet Financial Action Task Force (FATF) recommendations, following its inclusion on the FATF ’Grey List’, which monitors countries requiring stronger AML and counter-terrorist financing measures.