Unidade de Informação Financeira (UIF)
Cabo Verde's financial intelligence unit. It receives, analyses, and disseminates suspicious transaction reports to law enforcement and competent authorities.
Africa · Country coverage
AML/CTF Compliance in Cabo Verde
Cabo Verde regulates AML/CTF through its Unidade de Informação Financeira under Law 120/VIII/2016. See the obligations and how MemberCheck supports them.
Last updated
Screening coverage for Cabo Verde
- Sanctions & PEP screening
- Adverse media checks
- Customer identity verification
- Jurisdiction risk checks
- Ongoing monitoring
Key facts
AML supervisor / FIUUnidade de Informação Financeira (UIF) Cabo Verde
FATF statusGIABA member
Primary legislationLaw 120/VIII/2016 on the Prevention and Repression of Money Laundering
Overview
AML/CTF compliance in Cabo Verde.
Cabo Verde regulates money laundering and terrorist financing through Law 120/VIII/2016, supported by its Unidade de Informação Financeira, which receives and analyses suspicious transaction reports.
Regulated entities must apply customer due diligence, identify beneficial owners, monitor relationships, and report suspicious activity to the UIF, alongside supervision from the Banco de Cabo Verde. Supervisors expect a designated compliance officer, sound internal controls, and staff training.
MemberCheck helps teams meet these obligations by screening customers and entities against global sanctions, PEP, and adverse-media data, verifying identities, and monitoring risk continuously, with a clear audit trail behind every decision.
Regulation
All solutions →Key laws and regulators.
Law 120/VIII/2016
Cabo Verde's principal AML statute, setting customer due diligence, recordkeeping, and reporting obligations for financial institutions and other obligated entities.
Banco de Cabo Verde
The central bank supervises banks and other licensed financial institutions for AML/CTF compliance, working alongside the UIF.
GIABA membership
Cabo Verde is a member of the Inter-Governmental Action Group against Money Laundering in West Africa, a FATF-style regional body, and aligns its regime with the FATF 40 Recommendations through that membership.
Obligations
What regulated businesses must do.
- Apply customer due diligence and identity verification
- Identify beneficial owners of corporate customers
- Report suspicious transactions to the UIF
- Conduct ongoing monitoring of customer relationships
- Maintain internal controls and a compliance officer
- Maintain records and provide staff training
1,000+
Global watchlists screened
<1s
Average screening response
24h
Watchlist refresh cycle
195
Countries covered
FAQ
Common questions.
Who supervises AML/CTF in Cabo Verde?
The Unidade de Informação Financeira (UIF) receives and analyses suspicious transaction reports, while the Banco de Cabo Verde supervises banks and other licensed financial institutions for AML/CTF compliance.
What is the main AML law in Cabo Verde?
Law 120/VIII/2016 sets the customer due diligence, recordkeeping, and reporting obligations for regulated entities in Cabo Verde.
Is Cabo Verde a member of FATF?
Cabo Verde is a member of GIABA, the FATF-style regional body for West Africa, and aligns its AML/CTF regime with the FATF 40 Recommendations through that membership.
How does MemberCheck support AML compliance in Cabo Verde?
MemberCheck screens customers and entities against global sanctions, PEP, and adverse-media data, verifies identities, and monitors risk continuously, with an audit trail behind every decision.
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