You are here: Clearance Certification
Procedure
The Ministry Of Finance Cameroon Due To The High Level Of Fraud Going On, The High Rate Of Embezzlement, Sponsor Of Terrorism And Money Laundry Going On, Has Decided To Reduce The Rate Of Such Activities And Punish The Perpetrators.
In This Regard All Exporters(foreign Companies ,organisations,individuals Etc) Receiving Import Payments And Payment For Other Services For The First Time From Cameroon , Must Get A Clearance Certificate To Be Able And Liable To Receive Such Payments And Export Their Goods And Services To Cameroon.
Such Certificate When Received Must Be Presented At The Level Of Any Financial Institution Involved In The Transfer Of Money Out Of The Country (Cameroon).
The Financial Institution Is Responsible For The Strict Application Of This Law As Failure To Do So Will Attract Severe Sanctions Which Includes Suspending The Institution And Payment Of Fines.