Transforming Cabo Verde into a regional financial platform requires greater security in the fight against money laundering – Secretary of State

Praia, Sep 5 (Inforpress) – The Assistant Secretary of State for Finance said today that the Government’s strategy to transform Cabo Verde into a regional financial platform requires greater security in the fight against money laundering.

Gilberto Barros made this statement at the opening of the 6th Regional Seminar raise awareness among Civil Society Organizations (CSOs) on Money Laundering (AML) Requirements and against Terrorism Financing (CFT)  for non-governmental organizations in the States members of ECOWAS, which runs in Praia until Friday.

“So we have to work with our friends, brothers and neighbors, which aim to identify risks and our realities, in order to face and deal with all those risks”, he said.

In this sense, Gilberto Barros reminded that Cabo Verde is attracting more and more foreign investments, including in the financial sector, with a Bahrain bank recently buying 90 percent of the capital stock of Banco Internacional de Cabo Verde.

The minister admitted that it is the Government’s desire to attract more foreign capital, aiming to transform the country “into a regional financial platform”, stressing the “rigor” in the approval of the Bank of Cabo Verde for the entry of this foreign bank in the Cabo Verdean financial sector.

OM / JMV / HVF

Inforpress