The Cameroon Atlantic Bank denies being involved in money laundering and terrorist financing operations.

Understanding the Central African Banking Commission (Cobac), Banque Atlantique Cameroun publishes a statement in which it contests the allegations of terrorist financing and money laundering brought against it, at the end of the disciplinary sessions held on August 25, 26 and 27 at Brazzaville. Cobac had imposed sanctions on nearly  15 financial institutions in the CEMAC zone, including the Banque Atlantique du Cameroun (Bacm), whose entire corporate bodies were hit by the regional banking regulator. A reprimand for non-compliance with an injunction was served to PCA Léon Koffi Konan as well as to CEO Eric Valéry Zoa and DGA Sayouba Ouedraogo.