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Laundering public funds: seizure of the accounts of Tahirou Sarr and Farba Ngom in Senegal

03/03/2025
Source : ORISHAS FINANCE
Categories: Compliance

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The Senegalese state has seized much of the money from Farba Ngom and Tahirou SARR. They put this money as collateral, through precautionary measures. According to the information, in this case of alleged laundering of 125 billion CFA francs, several tens of billions of CFA francs were found in their respective bank accounts

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Farba Ngom et Tahirou SARR auraient Farba Ngom et Tahirou Sarr, qui avaient cautionné respectivement 34 milliards et 419 milliards F Cfa ( 25 billion and 394 billion). They were overtaken by the Community law on the mechanism for combating money laundering and the financing of terrorism in UEMOA, which states that “in terms of coercive actions, the uniform law provides for administrative and criminal sanctions applicable to natural and legal persons, as well as measures. conservatories that may be taken by the investigating judge. This includes, in particular, the seizure or confiscation of assets in connection with the offence of money laundering.”

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