The Angola Capital Markets Commission published an update on its participation in an International Conference on Cybercrime in Luanda, where its board chair, Elmer Serrão, highlighted growing fraud risks in Angola’s financial market linked to the shift to digital channels and outlined regulatory work under way. In his remarks during a panel on “Frauds in the Financial Market and Regulation of the Digital Financial Offer”, Serrão pointed to the spread of Ponzi and pyramid schemes, fake investment platforms and fictitious brokerages operating largely via social media. He also flagged the promotion of unlicensed cryptoassets promising easy returns and informal crowdfunding campaigns that raise funds without official registration. To address these risks, the Commission referenced a preliminary draft of a Legal Regime for Collaborative Financing intended to set clearer rules for crowdfunding platforms and investor safeguards.
Angola Capital Markets Commission 2025-06-30
Angola Capital Markets Commission warns of rising online investment fraud and advances draft crowdfunding legal framework
The Angola Capital Markets Commission attended an International Conference on Cybercrime, where board chair Elmer Serrão highlighted rising fraud risks in Angola’s financial market via digital channels. Serrão noted Ponzi schemes, fake investment platforms, and unlicensed cryptoassets. The Commission is drafting a Legal Regime for Collaborative Financing to establish clearer rules for crowdfunding platforms and investor protections.