29 April 2011
Luena — The Inspector of the General Attorney’s Office, Joaquim Jeteio, Friday, in Luena (Moxico), considered money laundering and terrorism funding as problem that affects many countries all over the world.
The lawyer made this statement while speaking at a workshop under the motto “prevention and combat against money laundering and terrorism support” under the legality week, adding that this “problem is affecting, mainly, developing societies”.
He explained that money laundering is an economic-finance practice aiming to hide the origin of the illicit financial assets or patrimonial goods.
According to the source, this process integrates three phases, comprised by collocation, occultation or money accumulation and the integration phase, known by “money laundering”.
This workshop is being attended by members of the local government, magistrates, lawyers, businessmen, among others.
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Official Concerned Over Money Laundering, Terrorism