Safeguarding Africa's Integrity in a Complex Financial World

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3 March 2017

Uhuru signs AML bill to law

The Anti-Money Laundering (AML) Journal of Africa publishes research articles from the perspective of African scholars, academics, and researchers whose voices have been left out in ongoing discussions about AML policy in Africa.

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​​Like many churches across Africa, the United Family International Ministries in Harare, Zimbabwe has always collected Sunday offertory by passing around a bowl of cash from pew to pew. This manner of collecting offertory has become deeply engrained in Sunday worship at the church alongside singing and dancing. However, in November 2016, the church introduced a new way of making offertory – they brought in card swiping machines to take electronic offertory. Some congregants were a bit skeptical because they did not know how this new system was going to affect their Sunday offertory as swiping a card is not the same as dropping cash in a bowl where you can see and feel the cash. In fact, what is happening in Zimbabwe is not an exception. In Kenya, practically every terminal, including taxi drivers, now accept cashless payment through Mpesa. This is the new trend across Africa, where mobile money and other forms of cashless payment platforms are replacing paper money. This trend in Africa is consistent with a global trend that favors electronic money and digital payments over paper currency. Going cashless is now the norm in many parts of Africa, especially with the introduction of mobile money in the last few years. Mobile money has allowed Africa to by pass conventional Western structures to embark upon an alternate form of digital currency. Alongside this digital currency revolution is the emergence of cryptocurrency. The rise of cryptocurrency in Africa adds another layer of complexity to the digital currency revolution. The growth of Bitcoin in some parts of Africa – like South Africa, Ghana, Nigeria, and Kenya – has drawn attention from concerned regulators. ​​

 ACCPA Compliance Conference, Nairobi, Kenya          August 18 & 19, 2016

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25 January 2017

US to help Angola National Bank 

29 January 2017

Deutsche Bank cuts off NKB

31 January  2017

Pan-African bitcoin start up

21 February 2017

S/Sudan traces millions to Kenya

​​​The Official Home of Certified Anti-Money Laundering (AML) and Counter-Terrorism Financing (CFT) Professionals in Africa (ACCPA)

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ACCPA Blog:  The Future of Digital Currency in Africa

20 February 2017

Alleged Corruption at Stanchart

28 February 2017

FICA bill pass in South Africa

The ACCPA Compliance Magazine is Africa’s first and only publication for compliance professionals. The magazine publishes articles written by compliance professionals working on the ground in Africa and distributed to ACCPA members. 

The ACCPA AML Certification Program provides exceptional world-class professional training in global Anti-Money Laundering (AML) regulations and Anti-Terrorist Financing measures that are specifically tailored to professionals working in Sub-Saharan Africa.