• Disciplinary and financial penalties imposed on a first bank in Burkina Faso

At its meeting on 20 and 21 March 2025, the WAMU Banking Commission, after hearing the views of the directors concerned, issued a reprimand against a bank based in Burkina Faso. This disciplinary sanction is motivated by failings and infringements of the legal and regulatory texts applicable to credit institutions. In particular, weaknesses were noted in the bank's governance and risk management.

In addition to the aforementioned disciplinary sanction, the bank received a financial penalty in the amount of three hundred million (300,000,000) CFA francs, with regard to the aforementioned offences which fall under 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.

This publication is issued for an indefinite period.

• Disciplinary and financial penalties imposed on a second bank in Burkina Faso

At its meeting held on 20 and 21 March 2025, the WAMU Banking Commission, after hearing from the managers concerned, issued a warning to a bank based in Burkina Faso. This disciplinary sanction is motivated by failings and infringements of the legal and regulatory texts applicable to credit institutions. In particular, weaknesses were identified in the bank's anti-money laundering and anti-terrorist financing measures during an audit.

In addition to the aforementioned disciplinary sanction, the credit institution received a financial penalty in the amount of one hundred and fifty-one million (151,000,000) FCFA, with regard to the aforementioned offences which fall within the third category, 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.

This publication is issued for an indefinite period.

• Disciplinary and financial penalties against a bank based in Côte d'Ivoire

At its meeting held on 20 and 21 March 2025, the WAMU Banking Commission, after hearing the managers concerned, issued a reprimand against a bank based in Côte d'Ivoire. This disciplinary sanction is motivated by failings and infringements of the legal and regulatory texts applicable to credit institutions. In particular, weaknesses were noted 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 in the amount of three hundred million (300,000,000) CFA francs, with regard to the aforementioned offences which fall under 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.

This publication is issued for an indefinite period.

• Disciplinary and financial penalties imposed on an electronic money institution established in Senegal

At its meeting held on 20 and 21 March 2025, the WAMU Banking Commission, after hearing the managers concerned, issued a warning to an electronic money institution based in Senegal. This disciplinary sanction is motivated by failings and infringements of the legal and regulatory texts applicable to electronic money institutions. In particular, weaknesses were noted in the institution's governance, risk management, compliance with prudential standards and anti-money laundering and anti-terrorist financing measures.

In addition to the aforementioned disciplinary sanction, the institution received a financial penalty of thirty-eight million (38,000,000) CFA francs, in respect of the aforementioned infringements which fall within the second and third categories, in accordance with the provisions of Instruction no. 002-03-2019 of 25 March 2019 setting the terms and conditions for the application of financial penalties imposed by the Banking Commission on electronic money institutions in the WAMU.

This publication is issued for an indefinite period.

• Disciplinary and financial penalties imposed on a bank based in Niger

At its meeting held on 20 and 21 March 2025, the WAMU Banking Commission, after hearing from the managers concerned, issued a reprimand against a bank based in Niger. This disciplinary sanction is motivated by failings and infringements of the legal and regulatory texts applicable to credit institutions. In particular, weaknesses were noted 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 in the amount of three hundred million (300,000,000) CFA francs, with regard to the aforementioned offences which fall under 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.

This publication is issued for an indefinite period.