Regulatory Alerts2003-04-04
Added · Updated
Regulation No. 01/03-CEMAC-UMAC of April 4, 2003 on the Prevention and Repression of Money Laundering and Terrorist Financing in Central Africa
This Regulation establishes the legal framework for preventing and repressing money laundering and terrorist financing within the CEMAC member states. It defines money laundering and terrorist financing, identifies subject entities including financial institutions, notaries, and real estate agents, and mandates client identification, record-keeping, and reporting of suspicious transactions to the National Financial Investigation Agency. The text also outlines specific obligations for enhanced due diligence on high-value or complex operations and provides legal protections for good-faith reporting.