Combating Money Laundering: Gov’t Trains Non-Profit Organization Supervisors

T he Republic of Cameroon through the Ministry of Finance (MINFI) is organizing a capacity-building seminar for supervisors of non-profit organizations (NPOs) to combat money laundering and the financing of ter­ rorism. This initiative is part of an ac­ tion plan aimed at removing the coun­ try from the Financial Action Task Force (FATF) Jurisdictions under “In­ creased Monitoring" (grey list) confir­ med at the 30 October 2026 Plenary. The two-day session planned to run from November 10-12, 2026 in Yaounde, will foreground discussions that highlights the need to improve the oversight of NPOs; entities that are vital to social development but potentially vulnerable to being ex­ ploited for terrorist purposes. Addres­ sing the audience on behalf of the Minister of Finance, Louis Paul Motaze, the Director of Financial and Monetary corporation at the MINFI, Eyeffa Ekomo explained that, authorities aim to es­ tablish a risk-based supervisory fra­ mework, while ensuring that the legi­ timate activities of these organizations are neither stigmatized nor unduly restricted. Despite the earmarked ef­ forts, Eyeffa Ekomo explained that key challenges that hamper the proper implementation of guidelines to curb money laundering in Cameroon that meets international requirements and ensuring the country's financial sta­ bility include operationalizing risk-ba­ sed supervision, strengthening the capabilities of regulatory authorities, and enhancing inter-agency coordi­ nation. The effort is particularly relevant for the nation especially at a time when the North West and South West Re­ gions are being plagued by decade- long socio-political crisis; as well as the Boko haram insurgencies in the Far North Region. This initiative, Meba J...