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1- What does the acronym NAFI stand for, and what is it?

National Agency of Financial Investigation.

It is a government service for financial intelligence set up by Decree No. 187/2005 of 31 May 2005 to lay down organization and functioning of National Agency of Financial Investigation.

2- What are the missions of NAFI?

NAFI is responsible for:

- Receiving, processing and, if necessary transmit to the competent judicial authorities, any information meant to ascertain the origin of funds or the nature of transactions that are subject of suspicion report in connection with the fight against money laundering and terrorist financing ;

-   obtaining relevant information for the purpose of its mission, from judicial and tax inspection authorities;

-   Establishing a database containing all relevant information concerning suspicion reports under the CEMAC Regulation, transactions and the persons having carried out such transactions, directly or through intermediaries.

(Art. 2 of Decree No. 2005/187)

3- What does the acronym GABAC stand for?

Action Group against Money Laundering in Central Africa.

The mission of GABAC is to lead, coordinate and boost actions undertaken by CEMAC member States as part of the fight against money laundering and terrorist financing. It initiates and coordinates activities to assess money laundering mechanism in CEMAC member States.

4- Does NAFI organize internship?

No. The strict rules of confidentiality for NAFI staff do not allow the admission of any intern, given the sensitive nature of information and data collected and processed by the structure.

5- What is money laundering?

Money laundering as defined in Section 1of Regulation No. 01/03- CEMAC-UMAC, refers to one or more than one of the above mentioned acts committed with intent. These are:

a) The conversion or transfer of property deriving from a crime or offence for the purpose of concealing or disguising the illicit origin of such property, or of helping any person who is involved in the commission of the crime or offense to evade the legal consequences of his deeds ;

b) Concealment or disguise of the nature, origin, location, use, movement or  ownership of  the property deriving from a crime or offense;

c) Acquisition,  possession or use of property deriving from a crime or offense;

d) Participation in one of the acts referred to, involvement in the commitment of such act, attempts to perpetrate such act, helping, abetting or advising someone to commit such act or the act of facilitating the commission thereof.

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Nous sommes le 26.05.2024
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