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Find all the economic and financial information on our Orishas Direct application to download on Play StoreThe Council of Ministers was held on Wednesday 22
October 2025 on the future of financial governance in Senegal. The executive has
adopted two decrees aimed at strengthening the national system to combat
money laundering, the financing of terrorism and the proliferation of
weapons of mass destruction.
The first decree deals with the creation and
functioning of a National Coordinating Committee for Combating
money laundering, the financing of terrorism and the proliferation of
weapons of mass destruction. This body should harmonize the actions of the institutions.
public concerned, centralize information and ensure the follow-up of the
national strategy.
The second text adopted concerns control and
supervision of taxable persons in the non-financial sector, in particular
liberal professions, real estate agents, casinos or even
precious metals traders. These actors, often exposed to the risk of flows
illicit financial institutions, will now be subject to reporting obligations
and more stringent compliance. The authorities rely on this device to
close the loopholes exploited by criminal networks.
These measures complement the actions already carried out by the National Financial Information Processing Unit (CENTIF), which regularly submits its reports to the Financial Judicial Pool. La multiplication of cases related to money laundering in recent months a encouraged the Government to accelerate the reform of the institutional framework, in order to to meet the Group's international requirements Financial Action Authority (FATF ) and ECOWAS.
According to the Ministry of Finance, “coordination
interinstitutional was the weak link in our system. This committee will
fill this void.” Notaries, real estate agents, casinos and even organizations
non-governmental organizations will now be subject to strict obligations in
matters of vigilance and the reporting of suspicious transactions.
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