Senegal has come off the “gray list” of the FATF (Financial Action Task Force), which is leading the global action against money laundering and the financing of terrorism.

Senegal found itself off the FATF gray list thanks to reforms undertaken to improve shortcomings in the fight against money laundering, the financing of terrorism and the proliferation of weapons of mass destruction. This good news will improve the country's reputation to attract more investors.

In fact, Senegal has undertaken reforms in recent years to improve the country's business environment and remove the country from this ranking. Last February, the National Assembly adopted bill No. 02/2024 relating to the fight against money laundering, the financing of terrorism and the proliferation of weapons of mass destruction to remedy the shortcomings identified during the years of application of the uniform law issuing directive No. 02/2015/CM/UEMOA relating to the fight against money laundering and the financing of terrorism (Lbc/Ft), transposed through law no. 2018- 03 of 23 February 2018 relating to Lbc/Ft