Angola’s Gaming Regulator and CMC sign protocol to strengthen anti-money laundering and risk management
ISJ and Capital Markets Commission join forces to enhance compliance, governance and oversight across Angola’s gambling and financial sectors.
Angola.- Angola’s Gaming Supervision Institute (ISJ) and the Capital Markets Commission (CMC) signed an Institutional Cooperation Protocol, aimed at strengthening oversight and risk prevention in the country’s gambling and capital markets sectors.
The protocol, signed by Dr. Nerethz Tati, Director General of ISJ, and Dr. Elmer Serrão, Chairman of CMC on October 28, focuses on the prevention and combating of money laundering, terrorist financing and the proliferation of weapons of mass destruction (PC/BC/FT/PADM). It also establishes mechanisms for technical cooperation, information sharing and joint training programs.
The ISJ said: “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.”
Boosting compliance in gaming and finance
The protocol also emphasises governance, compliance and risk management systems across regulated sectors. While the agreement primarily concerns regulators, the ISJ notes that operators in the gaming and capital markets sectors are expected to align their internal processes with the strengthened supervisory framework.
The ISJ added: “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 agreement responds to recommendations from the Financial Action Task Force (FATF), following Angola’s inclusion on the “Grey List”, reflecting a national effort to align the financial and gaming sectors with international standards of transparency and integrity.
