The National Assembly has approved Law No. 8/26 of 19 August 2026, introducing amendments to the Law on the Prevention and Combat of Money Laundering, Terrorist Financing and the Proliferation of Weapons of Mass Destruction (Law No. 5/20 of 27 January). The amendments revise Articles 3, 14, 60-A and 82 of the AML Law, with a view to aligning the Angolan legal framework with international standards and the recommendations of the Financial Action Task Force (FATF).

Although limited in scope, these amendments have a significant impact on four key areas and are aimed at strengthening the effectiveness of Angola’s AML/CFT system through:

1. the expansion of the concept of Politically Exposed Persons (PEPs);
2. the adoption of a more risk-based approach and enhanced due diligence framework;
3. the reinforcement of the autonomy and independence of the Financial Intelligence Unit (UIF); and
4. the clarification and expansion of the money laundering offence, including the express recognition of its autonomy from the underlying predicate offence.

The new law entered into force on the date of its publication.

For further information of this Banking Alert please contact:
[email protected]