(Business in Cameroon) - Since 5 September 2017, the Democratic Republic of Congo (DRC) has joined the Action Group against money laundering and funding for terrorism in Central Africa (Gabac), as associate member, as DRC is not part of the Economic and Monetary Community of Central Africa (CEMAC), of which Gabac is a specialised organisation.

During the signature of the related agreement in Brazzaville – Congo, the CEMAC authorities were pleased to register the entry of this new associate member, which will help to strengthen the fight against money laundering and funding for terrorism in the CEMAC community.

Indeed, as DRC “was not under the CEMAC regulations in this subject, many economic and financial criminals were sending their funds there without risking legal proceedings or searches against them”, said a member of the technical committee of Gabac to the Cameroon pro-government daily. The Gabac membership of DRC will thus pull the rug from under the feet of those who practice this.

BRM