Angola Country Summary

FATF Status

Angola is on the FATF List of Countries that have been identified as having strategic AML deficiencies

Compliance with FATF Recommendations

The latest follow-up Mutual Evaluation Report relating to the implementation of anti-money laundering and counter-terrorist financing standards in Angola was undertaken in 2023. According to the Evaluation, Angola was deemed Compliant for 7 and Largely Compliant for 15 of the FATF 40 Recommendations. It was deemed Highly Effective for 0 and Substantially Effective for 0 with regard to the 11 areas of Effectiveness of its AML/CFT Regime.

Corruption continues to significantly hinder business operations in Angola, despite some improvements and the establishment of a comprehensive anti-corruption legal framework by the Lourenço administration. The prevalence of human trafficking, arms trafficking, and financial crimes, coupled with the involvement of state-embedded actors in criminal activities, highlights the ongoing challenges in combating crime and corruption, while efforts to enhance resilience through governance and law enforcement remain insufficient.

Angola is actively working to enhance its investment climate and attract foreign investment, particularly following significant international engagements such as hosting the U.S.-Africa Business Summit in June 2025. Despite being the second-largest oil producer in Sub-Saharan Africa, the country is heavily reliant on oil revenues, which makes its economy vulnerable to fluctuations in global oil prices; the IMF projects a growth rate of 4.5% for 2024, but inflation remains high at nearly 27% annually. The government is prioritizing economic diversification and infrastructure modernization through its National Development Plan 2023-2027, while also addressing challenges such as corruption and a slow judicial system that deter foreign investment.