Publication of the disciplinary and pecuniary sanctions imposed by the Supervisory College of the Banking Commission, during its 129th session, held on August 5, 2022
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Disciplinary sanction against a first bank established in Burkina Faso
During its session held on August 5, 2022, the Banking Commission, after hearing the leaders concerned, pronounced a reprimand against a bank established in Burkina Faso. This disciplinary sanction is motivated by breaches and infringements of the regulations on the fight against money laundering and the financing of terrorism (AML / CFT), noted during a thematic verification relating to the AML / CFT system, carried out with this bank, during November 2021.
In addition to the aforementioned disciplinary sanction, the bank was fined a pecuniary sanction in the amount of three hundred (300) million 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.
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Disciplinary and financial sanction against a second bank established in Burkina Faso
During its session held on August 5, 2022, the Banking Commission, after hearing the leaders concerned, pronounced a reprimand against a bank established in Burkina Faso. This disciplinary sanction is motivated by breaches and infringements of the regulations on the fight against money laundering and the financing of terrorism (AML / CFT), noted during a thematic verification relating to the AML / CFT system, carried out with this bank, during November 2021.
In addition to the aforementioned disciplinary sanction, the bank received a pecuniary sanction in the amount of one hundred and fifty-one (151) million 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.
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