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(Business in Cameroon) - In 2018, terrorists illegally transferred about XAF160 billion using cryptocurrencies in Cameroon. This is revealed in the first National Money Laundering and Terrorist Financing Risk Assessment published by Cameroon through the World Bank’s technical support. Cryptocurrencies are dematerialized, decentralized, and encrypted payment instruments with no physical payment. They are not issued by monetary authorities or institutions and operate without a central controlling body. Their values are encrypted and are essentially determined by a technology called  blockchain (a system of recording information in a way that makes it difficult or impossible to change, hack, or cheat the system).

National money launderingWorld bankTerrorist financing risk assessmentBoko haramAmp nbspCrypto currencyAmp quotAml cftதேசிய பணம் சலவைஉலகம் வங்கிபோக்கோ ஹராம்கிரிப்டோ நாணயஅமல் சிஎஃப்டி