Senegal Makes Progress in AML/CFT Compliance Requirements

Senegal has made significant strides in addressing technical compliance deficiencies identified in its Mutual Evaluation Report (MER), leading to a re-rating of several recommendations.

Improved Compliance Status

Recommendations 7, 25, and 28 have been upgraded from Non-Compliant to Partially Compliant. Additionally, Recommendations 17, 18, and 31 have moved up from Partially Compliant to Largely Compliant. Furthermore, Recommendation 5 has transitioned from Partially Compliant to Compliant.

Continued Enhanced Follow-up

Despite this progress, Senegal will continue to be under enhanced follow-up by the Inter-Governmental Action Group against Money Laundering in West Africa (GIABA). The country is expected to maintain its commitment to implementing Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) measures.

Regular Reporting Required

To ensure continued progress, Senegal will be required to submit regular reports to GIABA on its AML/CFT implementation efforts. This enhanced follow-up will help to further strengthen the country’s anti-money laundering and combating the financing of terrorism framework.

Note: The Inter-Governmental Action Group against Money Laundering in West Africa (GIABA) is an organization that aims to combat money laundering and terrorist financing in West African countries.