• Visa promotes risk-based compliance to strengthen oversight and trust
• Initiative targets AML gaps as DRC remains on FATF gray list
• Banks face constraints from cash dominance, weak data, and digital risks

Visa urges a shift in how banks approach compliance in the Democratic Republic of Congo, positioning it as a strategic tool rather than a regulatory burden.

On April 21–22 in Kinshasa, the company brought together regulators, banks, and financial sector stakeholders for a workshop focused on compliance practices. The event was organized in partnership with the Central Bank of Congo (BCC) and the Congolese Banking Association (ACB).

The discussions took place as the DRC remains on the Financial Action Task Force gray list, which reflects ongoing weaknesses in efforts to combat money laundering and terrorist financing.

Visa calls for a shift toward risk-based compliance. This approach relies more on data, analytics, and technology to assess and manage risks. It also aims to reduce reliance on cash, which still dominates the Congolese economy and limits transaction traceability.

The company argues that stronger compliance can improve the sector’s credibility. More robust systems help build trust with international partners and investors. They also improve payment security for consumers and support the growth of digital services and e-commerce.

Visa highlights tools based on data analysis and artificial intelligence. These systems detect fraud in real time, identify illicit transaction networks, and monitor financial flows more closely.

A strategic shift for the sector

Visa also uses its global payments network to share fraud patterns and operational practices adapted to emerging markets. A cooperation agreement with the BCC includes training, technical support, and capacity building for financial institutions.

Banks see the shift as necessary. Industry representatives say compliance must be treated as a strategic investment. When properly integrated, compliance, financial inclusion, and banking sector growth reinforce each other.

However, structural constraints remain. The financial system still relies heavily on cash. Customer data often lacks reliability. Some international standards remain difficult to apply in the local context.

At the same time, digitalization introduces new risks. These include online fraud, the use of crypto-assets, and a rise in high-frequency, low-value transactions that are harder to monitor.

Visa argues that an effective response requires a combined approach. Authorities and financial institutions must anticipate new threats, strengthen detection systems, and improve coordination.

Beyond the workshop, the objective is to drive a long-term shift in practices. Compliance must become part of institutional strategy to strengthen financial stability, attract investment, and support the expansion of digital payments in the DRC.

Pierre Mukoko, Bankable