LUANDA, April 4 Angola hopes to make its
financial system compliant with international standards by the
start of next year, the head of its central bank said, allowing
commercial banks to resume dollar clearing operations in the
All dollar clearing by international banks for customers in
Angola stopped in 2016 in response to the risk of financial
crime and inadequate supervisory safeguards.
Angolan authorities were two thirds of the way to meeting
compliance criteria for their resumption, central Bank head
Valter Filipe da Silva said on state TV late on Monday.
Angola was seeking technical assistance from the U.S.
government and Federal Reserve to help resolve remaining
issues. "That is going to be completed by the end of this year,
or the beginning of next year", he said.
The Financial Action Task Force (FATF), an international
money-laundering watchdog, early last year removed the southern
African country from the blacklist of non-compliant nations it
had been on since 2010.
(Reporting by Herculano Coroado; editing by John Stonestreet)