Angola: Strengthening the fight against illicit financial flows

Angola is stepping up its efforts to combat illicit financial flows, a major issue for the country’s economic stability. Supported by the UN, the Angolan government is implementing legislative measures and targeted actions against money laundering and the illegal outflow of capital.

On May 6th, 2025, the head of the UN mission in Angola, Zaira Virela, praised the country’s commitment to this fight, pointing out that these practices divert resources essential to development. On this occasion, a *project to promote good governance and a responsible business environment was launched, aimed at strengthening transparency and limiting tax offences.

Angola is thus part of a continental dynamic, alongside the African Union, which is advocating the restitution of stolen assets and the implementation of internal reforms to combat corruption. Since 2018, the country has ratified the African Union Convention on Preventing and Combating Corruption, affirming its commitment to strengthening asset control and recovery mechanisms.

With these initiatives, Angola aims to secure its economy and attract more foreign investment, while guaranteeing a better redistribution of wealth.
A strategic step towards a more transparent and sustainable economic future.

source: africanews