Cameroon Country Summary

FATF Status

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

Compliance with FATF Recommendations

The last Mutual Evaluation Report relating to the implementation of anti-money laundering and counter-terrorist financing standards in Cameroon was undertaken in 2024. According to that Evaluation, Cameroon was deemed Compliant for 6 and Largely Compliant for 20 of the FATF 40 Recommendations. It remains Highly Effective for 0 and Substantially Effective for 0 of the Effectiveness & Technical Compliance ratings.

Cameroon faces significant challenges with corruption and organized crime, which severely impact governance and economic stability. Despite the existence of anti-corruption laws and initiatives, weak enforcement and a culture of impunity allow corruption to thrive, while organized crime is exacerbated by systemic vulnerabilities and the influence of armed groups involved in illicit activities.

Cameroon's economy is characterized by a growth rate of 4 percent in 2024, driven by rising oil prices and increased non-oil production, alongside a projected decline in inflation to 3.5 percent. The government's National Development Strategy for 2030 aims to enhance the investment climate by focusing on infrastructure, agriculture, ICT, and energy, while offering fiscal incentives and public investment commitments. Despite these opportunities, challenges such as institutional inefficiencies, high public debt, and security threats, particularly in the Northwest and Far North regions, continue to hinder investment potential, compounded by political uncertainty ahead of the upcoming presidential elections in October 2025.