Translated text from French:
Use of nominees, investment in real estate, equity participation in companies and microfinance institutions,transit funds in anonymous accounts … Cameroonians are full of creativity to launder money stolen from state coffers.
Cameroonian investors have, for some time, the obligation to justify the origin of their assets in excess of one million CFA francs to each payment in a bank. An equation easy for investors but not for honest “thieves of the Republic” which some believe will draw by multiplying accounts. Not a chance. The National Agency for Financial Investigation (Anif) control financial transactions must be reported as to its services “monies or other property in their possession when they could be linked to a crime or an offense or be part of a process of money laundering; operations that deal with money or property that might result from a crime or offense or be part of a process of money laundering. “
Detailed news link in French: click here (translated in English: click here)