The Central Bank of West African States (BCEAO) has taken two new measures in an effort to combat money laundering, terrorist financing and the proliferation of weapons of mass destruction.

The BCEAO has set the threshold at 5 million CFA francs at which anyone entering or leaving a member country of the West African Monetary Union (UMOA) with funds must declare them to the Customs concerned. According to the information, the same will be true for the payment of a debt in cash or by bearer negotiable instruments, “whether it is a single transaction or several transactions that appear to be linked”. In addition, if the person concerned leaves Senegal for a country outside the UEMOA, “he can hold up to [the equivalent of] 2 million CFA francs in foreign currency. In addition to this amount, he may have other means of payment (traveller's checks, verified checks, credit cards, etc.) ”. The information indicates that nationals of countries that are not members of the Union are required to declare currencies, or any other means of payment, starting at an amount corresponding to 1 million CFA francs, upon entering Senegal, and if they want to leave the country with more than 500,000