The Angolan authorities give priority to countering money laundering and the financing of terrorism in their draft five-year plan for the Angolan financial system, which covers the period from 2018 to 2022, Angop reports.

The Angolan news agency says the plan also calls for development of the less advanced aspects of the financial system.

The report quotes Angolan National Council for Financial Stability Executive Secretary Gilberto Luther as saying the plan has yet to receive final approval.

The Angolan National Council for Financial Stability comprises representatives of Banco Nacional de Angola, the Angolan Capital Markets Commission, the Angolan Insurance Regulation Agency and the Angolan Finance Ministry, Angop says.