BEAC alerts banks, others over rise in money laundering

By Noela EBOB BISONG The Bank of Central African States – BEAC has issued a circular to commercial banks within the sub region, cautioning them against the promotion of money laundering and financing of terrorism. Recall that BEAC is the Central Bank of the Economic and Monetary Community of Central Africa. It manages the FCFA (XAF) currency. In the Circular letter n ° OO8 GR/2O24, dated September 19, 2024, and signed by the Governor of BEAC, Yvon Sana Bangui, it recalls the provisions of the exchange regulations and the fight against money laundering as well as the financing of terrorism.…