Cabo Verde Government Seeks Urgent Approval for Anti-Money Laundering Bill

The Cabo Verde government will request urgent approval of a bill to amend the country's anti-money laundering legislation. The bill, which was previously discussed and approved by lawmakers in the previous term, lost validity due to the end of the parliamentary mandate. Deputy Carla Lima of the PAICV party announced that the government will seek approval in an extraordinary session. The bill aims to update the country's legislation to combat money laundering.

According to Deputy Carla Lima, the new bill does not present significant changes compared to the previous version. The main alteration concerns the designation of the Financial Information Unit, which needs to comply with national and international legislation. The bill's approval is crucial to ensure the country's compliance with international standards to prevent money laundering. The government's request for urgent approval reflects its commitment to addressing this issue.

The government's efforts to combat money laundering are part of a broader strategy to improve the country's financial sector. The bill's approval will also contribute to the country's evaluation by international organizations, such as the Financial Action Task Force. Cabo Verde's compliance with anti-money laundering standards is essential to maintaining a stable and secure financial system.

In addition to the anti-money laundering bill, the government will address the reorganization of maritime and air transport services. The Minister of Transport will provide clarification on the measures being taken to ensure the availability of boats and airplanes. Deputy Carla Lima acknowledged that the current government inherited difficulties in the sector, including unfulfilled commitments from the previous administration.

The previous government had announced plans to construct four boats with financing from the World Bank, but the number was reduced to two in 2024. Deputy Lima stated that the current government is working to find the necessary means to reorganize the transport sector, but the process requires time. The reorganization aims to reduce ticket prices and ensure the necessary means for travel between islands.

The government's efforts to improve the transport sector are crucial to the country's economic development. The reorganization of maritime and air transport services will contribute to increased connectivity and mobility between islands. The government's commitment to addressing the challenges in the sector is essential to ensuring the well-being of citizens.

The approval of the anti-money laundering bill and the reorganization of the transport sector are part of the government's priorities. Deputy Carla Lima guaranteed that the government is working to find solutions to the challenges inherited from the previous administration. The government's efforts to address these issues reflect its commitment to improving the country's financial sector and transport services.

Key points

• The Cabo Verde government seeks urgent approval of a bill to amend the country's anti-money laundering legislation.
• The bill aims to update the country's legislation to combat money laundering and ensure compliance with international standards.
• The government will also address the reorganization of maritime and air transport services to improve connectivity and mobility between islands.