CAPE VERDE WILL CLOSE BANKS THAT SERVE ONLY FOREIGN CUSTOMERS IN THE WAKE OF THE LUANDA LEAKS AFFAIR

On 19 March, KYC 360 carried an ICIJ report about a pledge by the country’s finance minister that Cape Verde will close banks that serve only foreign customers, including one partly owned by Angolan billionaire Isabel dos Santos, following Luanda Leaks revelations.  The law will apply to 4 banks, including Banco Bic Cabo Verde said to be part-owned by Dos Santos.

https://www.riskscreen.com/kyc360/news/luanda-leaks-sealed-new-cape-verde-banking-law-minister-says/

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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section View all posts by raytodd2017