ESAAMLG’s 2nd Enhanced Follow-Up Report on Angola notes improved prevention and supervision, but ongoing weaknesses in enforcement, investigations, prosecutions, and asset recovery

The report assesses Angola’s progress in resolving technical compliance shortcomings identified in its 2023 mutual evaluation, including reforms relating to preventive measures, supervision, and broader AML/CFT controls that supported several re-ratings. ESAAMLG also highlights ongoing concerns around operational effectiveness, risk-based supervision, investigations, prosecutions, and asset recovery, indicating that further institutional strengthening and implementation improvements remain necessary…