Third report submitted by Cameroon to the Security Council
Committee established pursuant to resolution 1373 (2001)
concerning counter-terrorism*
Paragraph 1
Subparagraph (a) — Which legal and natural persons are under an obligation to
declare the foreign assets they hold in the territory of the Republic of Cameroon?
Are legal and natural persons required to declare the assets they hold abroad?
Please define the term “foreign assets”.
All natural or legal persons residing in Cameroon are required to declare all
foreign currency in their possession in Cameroon within eight days and to transfer it
to the banking system. All resident natural or legal persons are required to declare
and repatriate all assets held abroad. “Foreign assets” means the product of direct
investments abroad, the product of a sale abroad, remuneration for services provided
abroad and the earnings of entertainers and athletes.