• Disciplinary and financial sanctions against a bank established in Burkina

During its session held on December 18, 2023, the WAMU Banking Commission, after hearing the managers concerned, issued a reprimand against a bank established in Burkina. This disciplinary sanction is motivated by breaches and violations of legal and regulatory texts relating to the fight against money laundering and the financing of terrorism.

In addition to the aforementioned disciplinary sanction, the credit institution was fined one hundred and fifty-one million (151,000,000) CFA francs, with regard to the aforementioned offences falling under the third category, in accordance with the provisions of Instruction No. 006-05-2018 of May 16, 2018 establishing the terms of application of financial sanctions imposed by the UMOA Banking Commission against UMOA credit institutions.

This publication is made for an indefinite period.

• Disciplinary and financial sanctions against a bank established in Senegal

During its session held on December 18, 2023, the WAMU Banking Commission, after hearing the managers concerned, issued a reprimand against a bank established in Senegal. This disciplinary sanction is motivated by non-compliance with the terms of the injunction given by Decision of December 9, 2020 as well as inadequacies in management and violations of the legal and regulatory texts applicable to credit institutions. In particular, weaknesses were noted in the system for combating money laundering and the financing of terrorism of this bank.

In addition to the aforementioned disciplinary sanction, the credit institution was fined three hundred million (300,000,000) CFA francs, for the aforementioned offences falling under the second and third categories, in accordance with the provisions of Instruction No. 006-05-2018 of 16 May 2018 establishing the terms of application of financial sanctions imposed by the WAMU Banking Commission against WAMU credit institutions.

This publication is made for an indefinite period.