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Fight against money laundering: Senegal adopts a series of decrees

24/10/2025
Source : ORISHAS FINANCE
Categories: Compliance

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The 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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