At its meeting on 8 July 2024, the WAMU Banking Commission, after hearing the management concerned, issued a reprimand against a bank based in Senegal. This disciplinary sanction is motivated by management shortcomings and breaches of the laws and regulations applicable to credit institutions. In particular, weaknesses were identified in the bank's governance, risk management and anti-money laundering and anti-terrorist financing measures. 

In addition to the aforementioned disciplinary sanction, the bank received a financial penalty of three hundred million (300,000,000) CFA francs, in respect of the aforementioned offences falling within the second and third categories, in accordance with the provisions of Instruction No 006-05-2018 of 16 May 2018 setting the terms and conditions for the application of financial penalties imposed by the WAMU Banking Commission on WAMU credit institutions. 

The Banking Commission also issued a warning to the General Manager of the bank, regarding the obstacles to the Banking Commission’s verification mission. 

This publication is issued for an indefinite period.