Muyaya calls DRC’s FATF grey-list exit progress
By the AFREEQUE newsroom, based on Beto
Congolese communications minister Patrick Muyaya presents the DRC’s removal from the FATF grey list as recognition of progress against money laundering and corruption. Announced on 30 October after a FATF meeting in Paris, the decision came four years after the country was listed, according to Muyaya and information reported by Beto.
Congolese communications minister and government spokesman Patrick Muyaya Katembwe described the Democratic Republic of Congo’s removal from the Financial Action Task Force (FATF) grey list as proof of progress in the fight against money laundering and corruption. He spoke after the decision was officially announced on 30 October, following a FATF plenary meeting in Paris.
The DRC left the list after four years of enhanced monitoring and the implementation of a 23-measure action plan. This included a national assessment of financial risks, strengthening the National Financial Intelligence Unit and improving supervision of high-risk sectors.
The FATF noted progress in applying targeted financial sanctions and combating illicit financial flows. Patrick Muyaya said the government would continue the reforms despite criticism. The decision follows the DRC’s removal from the FATF grey list after 23 reforms, announced on 30 October.
