The three NGOs consider that there are grounds for suspecting of corruption and money laundering offences damaging the public interest, both in Angola and in Portugal. The former Governor also replied to the members of the Portuguese Parliament that suspicious transfers do not have to be reported to the central banking regulator, but to the Financial Intelligence Unit UIF of the Judiciary Police, and that the banks themselves are the best placed to prevent from being used for criminal actions.
In his explanation it is only up to Banco de Portugal to verify if the banks operating in Portugal have the means and systems in place to comply with and effectively fulfil their AML duties, which Banco de Portugal effectively does, according to a risk-based approach.
Remember that the previous audits and fines to BCP were also shrouded in secrecy and anonymity, with the outcome that we learned today. These were the years in which Sonangol was as one of the main business partners of the Portuguese bank. The Angolan state-owned company is still a major shareholder of BCP, with the second largest stake This website uses cookies so that we can provide you with the best user experience possible.
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