Stay informed!

Be the First to Stay Informed with the Latest Gambling News across Africa.

Angola

Angola Boosts Gambling Oversight with Regulatory Cooperation

ISJ and AGT signed a new Cooperation Protocol

Angola is making significant steps in modernizing and protecting its gambling industry through stronger collaboration between key regulatory bodies. The Instituto de Supervisão de Jogos (ISJ), which oversees gaming activities, and the Administração Geral Tributária (AGT), the country’s tax authority, have signed a new Cooperation Protocol aimed at improving transparency, enhancing oversight, and reducing illegal practices in the sector.

This agreement establishes a framework for closer coordination between the two institutions. By sharing information efficiently and aligning their monitoring efforts, the ISJ and AGT will be better positioned to identify irregularities such as tax evasion, fraud, and unlicensed gaming operations. This coordinated approach also ensures that licensed operators compete fairly and adhere to both regulatory and tax obligations.

Leaders from both organizations consider the protocol a crucial step in reinforcing the integrity of Angola’s gaming and tax systems. In recent years, Angola has focused on reforming and professionalizing its gambling market, which encompasses casinos, sports betting, and other gaming activities. Stronger oversight is viewed as essential for building public trust and attracting responsible investment into the sector.

This partnership also reflects Angola’s broader commitment to improving financial governance according to international standards, particularly the recommendations of the Financial Action Task Force (FATF). Enhanced collaboration between gaming and tax regulators will allow for more effective tracking of revenue flows, helping to prevent money laundering and the financing of illegal activities.

Importantly, the ISJ has highlighted that the initiative is not solely about enforcement. By promoting transparency and credibility, the protocol aims to foster a well-regulated gambling industry that contributes positively to Angola’s economic growth through job creation and tax revenue.

Overall, this cooperation agreement signals Angola’s determination to build a secure, disciplined, and sustainable gambling market. By aligning its regulatory practices with global best standards, the country is positioning itself to strengthen investor confidence and ensure that the gaming sector operates responsibly and transparently for the long term.

Leave a comment

Your email address will not be published. Required fields are marked *