Question 1

Who receives suspicious transaction reports in Cameroon?

Accepted Answer

Reports are submitted to ANIF Cameroon, the country's financial intelligence unit. The CEMAC Regulation requires reporting without delay when the relevant suspicion threshold is met; a monetary threshold is not a safe harbour from reporting.

Question 2

Is there a fixed filing deadline for a suspicious transaction report?

Accepted Answer

The applicable CEMAC AML/CFT/CPF framework uses an urgency standard rather than a universal fixed number of hours or days. Firms should therefore maintain an escalation and filing process that submits reports to ANIF without delay after the suspicion decision, while preserving evidence of the decision and submission.

Question 3

How long must AML records be retained in Cameroon?

Accepted Answer

The CEMAC Regulation provides a 10-year core retention period for CDD and relationship records and for transaction records, measured from the legally relevant end of the relationship or transaction. Apply a legal hold or authority direction where it requires longer preservation.

Question 4

What beneficial-ownership checks are needed for a Cameroon company?

Accepted Answer

Verify the company's RCCM, constitutional and tax-registration details, map ownership and control to natural persons, verify the result using reliable sources, and investigate discrepancies. FATF's current Cameroon action plan specifically calls for timely access to adequate and up-to-date beneficial-ownership information, so firms should not assume that a registry search alone completes KYB.

Question 5

What PEP controls apply?

Accepted Answer

CEMAC rules require PEP identification and enhanced treatment. For a PEP relationship, obtain the required senior approval, establish source of wealth and source of funds, apply enhanced ongoing monitoring, and continue risk-based treatment after the public function ends.

Question 6

Is Cameroon currently on the FATF grey list?

Accepted Answer

Yes. Cameroon remains under FATF increased monitoring in the FATF statement dated 19 June 2026. FATF does not call for blanket de-risking; regulated firms should apply a documented risk-based approach and account for the listed action-plan weaknesses in their own controls.

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حمّل قائمة KYC وKYB وAML الخاصة بـ الكاميرون

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