COBAC - What does COBAC stand for? The Free Dictionary
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The Government of Cameroon (GRC) should work with the Central Bank, COBAC
, and the ANIF to fully develop and implement applicable regulations to establish a complete anti-money laundering/counter-terrorist financing regime that adheres to international standards.
COBAC and GABAC have established procedures requiring banks to record and report the identity of customers engaging in large transactions.
COBAC is also responsible for circulating to its financial institutions a list of individuals and entities on the UN 1267 Sanctions Committee's consolidated list, or other groups identified by the United States or the European Union.