The financial regulator of the Chinese region announced that the agreement with the Bank of Cape Verde covers “combatting money laundering and terrorist financing, technical cooperation, and professional staff training.”
According to a statement, the agreement also addresses “supervision and the exchange related to emerging financial services, aiming to jointly safeguard the safety and stability of their respective financial systems.”
The document was signed on Thursday during the 12th Meeting of Governors of the Central Banks of Portuguese-Speaking Countries, held in Cape Verde’s capital, Praia.
The closed-door meeting included interventions from governors and representatives of the central banks of Angola, Brazil, Cape Verde, Guinea-Bissau, Equatorial Guinea, Mozambique, Portugal, São Tomé and Príncipe, and Timor-Leste, as well as the Central Bank of West African States and the Bank of Central African States.
“This initiative symbolizes a deepening of cooperation and exchange between the two institutions in financial supervision,” added the AMCM.
“This new agreement focuses particularly on collaboration in prudential supervision, establishing a specific framework for cooperation between the AMCM and the Bank of Cape Verde,” the regulator added.
The AMCM signed the first cooperation and technical assistance agreement with the Bank of Cape Verde in 1999.
In September 2024, during the second Conference of Governors of Central Banks and Financial Area Officials between China and Portuguese-Speaking Countries, held in Macau, Macau’s financial regulator announced it would update the protocol with its Cape Verde counterpart.
The AMCM has already signed bilateral cooperation agreements with 12 financial supervisory authorities from eight Portuguese-speaking countries.
