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Mali Makes Progress on Anti-Money Laundering Regulations

Mali has taken significant steps towards combating financial crime by addressing technical compliance deficiencies identified in its Mutual Evaluation Round (MER) report.

Mali’s Progress on Anti-Money Laundering Regulations

According to sources, the country has made notable improvements in six key areas:

• Recommendations 2 and 6: Upgraded from “Partially Compliant” to “Largely Compliant”
• Recommendation 7: Upgraded from “Partially Compliant” to “Largely Compliant”

Additional Progress Made by Mali

In addition to the above improvements, Mali has also made progress on:

• Recommendations 8 and 28: Upgraded from “Non-Compliant” to “Partially Compliant”
• Recommendation 34: Upgraded from “Partially Compliant” to “Compliant”

Challenges Ahead for Mali

While Mali has made significant strides in addressing technical compliance deficiencies, the country still faces challenges in this area. Specifically:

• 16 Recommendations: Rated as “Non-Compliant/Partially Compliant”, resulting in continued placement under the enhanced follow-up system.

Next Steps for Mali

The next Enhanced Follow-up Report is due in May 2024. It remains to be seen whether Mali will continue to make progress on addressing these deficiencies and improving its anti-money laundering regulations.