Un Rapport d' évaluation mutuelle (Rem) du Groupe intergouvernemental d' action contre le whitening from argent in West Africa (Giaba) mentions that the fight against money laundering and the financing of terrorism (Lbc-Ft) still faces challenges laughable shortcomings. The International Monetary Fund (IMF) offers solutions.

Lack of risk-based supervision for designated non-financial professions, insufficient exploitation of financial information, low number of lawsuits, ineffective forfeiture mechanisms, limited international cooperation, are a few obstacles to the achievement of the effective fight against money laundering and terrorism. Thus, in its latest Technical Report, Governance Assessment on Benin, published last February, the IMF welcomes “an encouraging signal of high-level political will to undertake the necessary reforms.”

According to it, the absence of resolute action could lead to inclusion on the International Financial Action Task Force list in the short term due to strategic deficiencies in the area of Lbc-Ft, with the possible consequences of pressures on interbank relations and on the cost of borrowing. This will involve mobilizing the Lbc-Ft toolkit in broader efforts to combat corruption and other predicate crimes in terms of criminal revenue generation, such as smuggling, tax evasion, cybercrime, human trafficking or drug trafficking. The Fund also recommends a thematic assessment of the risks of sectoral vulnerabilities to corruption and trends in the flow of corruption proceeds both within the country (to sectors such as real estate, extractive industries, etc.) and to flows outside Benin