Here is the rewritten article in markdown format:

Burkina Faso Struggles to Prevent Terrorist Financing

Ouagadougou, Burkina Faso

A new report released today by international financial watchdogs has painted a mixed picture of Burkina Faso’s efforts to prevent terrorist financing in the country.

Key Findings from the Report

• The report assesses the country’s compliance with global standards on anti-money laundering and combating the financing of terrorism (AML/CFT).
• Despite progress, significant gaps remain in Burkina Faso’s laws and regulations to effectively combat these threats.
• One area where the country scored poorly was in implementing targeted financial sanctions related to terrorism and terrorist financing.

Areas for Improvement

Implementing Targeted Financial Sanctions

Burkina Faso is only partially compliant with international standards on implementing targeted financial sanctions. This indicates a lack of effective measures to prevent terrorist financing through financial institutions.

Money Laundering Offense

The country’s money laundering offense is not fully aligned with international requirements, making it challenging to effectively combat money laundering activities.

Financial Institution Secrecy Laws

Burkina Faso’s laws on financial institution secrecy need to be updated to prevent tax evasion and other illicit activities.

Progress in Other Areas

• The report found that Burkina Faso scored well in areas such as customer due diligence, record keeping, and internal controls.
• These are essential for preventing the misuse of the country’s financial system for terrorist financing.

Response from Authorities

In response to the report, Burkina Faso’s authorities said they would work closely with international partners to address the gaps identified in the assessment and strengthen their AML/CFT regime.