• Disciplinary and financial sanctions against a bank established in Senegal

During its session held on March 13, 2023, the WAMU Banking Commission, after hearing the leaders concerned, pronounced a reprimand against a bank established in Senegal. This disciplinary sanction is motivated by breaches and violations of the system for combating money laundering and the financing of terrorism as well as other regulatory texts applicable to credit institutions, noted during the verification carried out with this bank.

In addition to the aforementioned disciplinary sanction, the bank was fined a pecuniary sanction in the amount of three hundred million (300,000,000) FCFA, with regard to the above-mentioned offenses falling under the third category, in accordance with the provisions of Instruction No. 006-05-2018 of May 16, 2018 setting the terms of application of the financial penalties imposed by the WAMU Banking Commission against WAMU credit institutions.

This publication is made for an indefinite period.

• Disciplinary and financial sanctions against a bank established in Ivory Coast

“During its session held on March 13, 2023, the WAMU Banking Commission, after hearing the leaders concerned, pronounced a reprimand against a bank established in Ivory Coast. This disciplinary sanction is motivated by the modification of the structure of its shareholding having led to the crossing downwards of the threshold of the blocking minority, without having obtained the prior authorization of the Monetary and Supervisory Authorities as well as by the complete non-compliance the terms of an injunction from the Banking Commission

In addition to the aforementioned disciplinary sanction, the bank received a pecuniary sanction in the amount of one hundred and fifty million (150,000,000) FCFA, with regard to the above-mentioned offences, which fall under the second category, in accordance with the provisions of Instruction No. 006-05-2018 of May 16, 2018 setting the terms of application of the financial penalties imposed by the WAMU Banking Commission against WAMU credit institutions.

This publication is made for an indefinite period.