Burkina Faso

Related publications

  • 4 Nov 2009

    Mutual Evaluation of Burkina Faso Burkina Faso is a member of GIABA, the assessment of the implementation of anti-money laundering and counter-terrorist financing (AML/CFT measures in Burkina Faso was conducted by GIABA.
  • 2 Aug 2019

    Burkina Faso's measures to combat money laundering and the financing of terrorism and proliferation This report summarizes the AML/CFT measures in Burkina Faso at the date of the on-site visit. It analyses the level of compliance with the FATF 40 Recommendations and the level of effectiveness of Burkina Faso’s AML/CFT system, and recommends how the system could be strengthened. This evaluation was based on the 2012 FATF Recommendations, and was prepared using the 2013 Methodology. The evaluation was based on information provided by Burkina Faso, and information obtained by the evaluation team during its on-site visit to Burkina Faso from 23 July to 3 August 2018 and was adopted by GIABA at its May 2019 Plenary meeting.
  • 15 Dec 2021

    Burkina Faso's progress in strengthening measures to tackle money laundering and terrorist financing This follow-up report sets out the progress that Burkina Faso has made in improving its level of compliance with the FATF standards, since their 2019 Mutual Evaluation.
  • 12 Nov 2013

    Terrorist Financing in West Africa This report identifies the methods used by terrorists, terrorist groups, and their supporters in the West African region to collect, transfer and utilise funds. The report aims to help policymakers, regulatory and enforcement authorities as well as reporting entities to gain a better understanding of the nature and dynamics of terrorist financing in the West African region.
  • 21 Oct 2021

    Jurisdictions under Increased Monitoring - October 2021 Jurisdictions under increased monitoring are actively working with the FATF to address strategic deficiencies in their regimes to counter money laundering, terrorist financing, and proliferation financing.
  • 25 Jun 2021

    Jurisdictions under Increased Monitoring - June 2021 Jurisdictions under increased monitoring are actively working with the FATF to address strategic deficiencies in their regimes to counter money laundering, terrorist financing, and proliferation financing.
  • 25 Feb 2021

    Jurisdictions under Increased Monitoring - February 2021 Jurisdictions under increased monitoring are actively working with the FATF to address strategic deficiencies in their regimes to counter money laundering, terrorist financing, and proliferation financing.
  • 17 Jun 2022

    Jurisdictions under Increased Monitoring - June 2022 Jurisdictions under increased monitoring are actively working with the FATF to address strategic deficiencies in their regimes to counter money laundering, terrorist financing, and proliferation financing.
  • 21 Oct 2022

    Jurisdictions under Increased Monitoring - 21 October 2022 Jurisdictions under increased monitoring are actively working with the FATF to address strategic deficiencies in their regimes to counter money laundering, terrorist financing, and proliferation financing. Nicaragua and Pakistan are no longer subject to increased monitoring by the FATF.

Member of

Ratings

Effectiveness

Ratings that reflect the extent to which a country's measures are effective. The assessment is conducted on the basis of 11 immediate outcomes, which represent key goals that an effective AML/CFT system should achieve.

Russian Federation Mutual Evaluation - 2019

IO1
SE
IO2
SE
IO3
ME
IO4
ME
IO5
SE
IO6
HE
IO7
ME
IO8
SE
IO9
HE
IO10
ME
IO11
ME

Technical Compliance

definition

Ratings which reflect the extent to which a country has implemented the technical requirements of the FATF Recommendations.

C = compliant   |   LC = largely compliant     |   PC = partially compliant   |   NC = non-compliant

Russian Federation Mutual Evaluation - 2019

R.1 - Assessing risk & applying risk-based approach
LC
R.2 - National cooperation and coordination
C
R.3 - Money laundering offence
LC
R.4 - Confiscation and provisional measures
LC
R.5 - Terrorist financing offence
LC
R.6 - Targeted financial sanctions related to terrorism & terrorist financing
PC
R.7 - Targeted financial sanctions related to proliferation
PC
R.8 - Non-profit organisations
LC
R.9 - Financial institution secrecy laws
C
R.10 - Customer due diligence
LC
R.11 - Record keeping
LC
R.12 - Politically exposed persons
PC
R.13 - Correspondent banking
LC
R.14 - Money or value transfer services
LC
R.15 - New technologies
C
R.16 - Wire transfers
PC
R.17 - Reliance on third parties
LC
R.18 - Internal controls and foreign branches and subsidiaries
LC
R.19 - Higher-risk countries
LC
R.20 - Reporting of suspicious transactions
C
R.21 - Tipping-off and confidentiality
LC
R.22 - DNFBPs: Customer due diligence
LC
R.23 - DNFBPs: Other measures
LC
R.24 - Transparency and beneficial ownership of legal persons
LC
R.25 - Transparency and beneficial ownership of legal arrangements
PC
R.26 - Regulation and supervision of financial institutions
LC
R.27 - Powers of supervisors
LC
R.28 - Regulation and supervision of DNFBPs
LC
R.29 - Financial intelligence units
C
R.30 - Responsibilities of law enforcement and investigative authorities
LC
R.31 - Powers of law enforcement and investigative authorities
C
R.32 - Cash couriers
LC
R.33 - Statistics
C
R.34 - Guidance and feedback
LC
R.35- Sanctions
LC
R.36 - International instruments
LC
R.37 - Mutual legal assistance
LC
R.38 - Mutual legal assistance: freezing and confiscation
LC
R.39 - Extradition
LC
R.40 - Other forms of international cooperation
LC