Senegal

Related publications

23 Apr 2025

Senegal's progress in strengthening measures to tackle money laundering and terrorist financing This 2024 follow-up report sets out the progress that Senegal has made in improving its level of compliance with the FATF standards, since their 2018 mutual evaluation and ensuing FURs.
25 Oct 2024

Jurisdictions under Increased Monitoring - 25 October 2024 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. Additional countries, Algeria, Angola, Côte d’Ivoire and Lebanon, are now also subject to increased monitoring. Senegal is no longer subject to increased monitoring by the FATF.
23 Feb 2024

Jurisdictions under Increased Monitoring - 23 February 2024 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. Two additional countries, Kenya and Namibia, are now also subject to increased monitoring. Barbados, Gibraltar, Uganda and the United Arab Emirates are no longer subject to increased monitoring by the FATF.
27 Oct 2023

Jurisdictions under Increased Monitoring - 27 October 2023 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. One additional country, Bulgaria, is now also subject to increased monitoring. Albania, Cayman Islands, Jordan and Panama are no longer subject to increased monitoring by the FATF.
23 Jun 2023

Jurisdictions under Increased Monitoring - 23 June 2023 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. New jurisdictions subject to increased monitoring are Cameroon, Croatia and Vietnam.
24 Feb 2023

Jurisdictions under Increased Monitoring - 24 February 2023 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. New countries subject to increased monitoring are South Africa and Nigeria. Morocco and Cambodia are no longer subject to increased monitoring by the FATF.
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.
29 Aug 2022

Senegal's progress in strengthening measures to tackle money laundering and terrorist financing This follow-up report sets out the progress that Senegal has made in improving its level of compliance with the FATF standards, since their 2018 mutual evaluation and ensuing FURs.
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.
1 Mar 2022

Senegal's progress in strengthening measures to tackle money laundering and terrorist financing This follow-up report sets out the progress that Senegal has made in improving its level of compliance with the FATF standards, since their 2018 mutual evaluation and FUR.
15 Dec 2021

Senegal's progress in strengthening measures to tackle money laundering and terrorist financing This follow-up report sets out the progress that Senegal has made in improving its level of compliance with the FATF standards, since their 2018 mutual evaluation.
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.
2 Aug 2019

Senegal's measures to combat money laundering and the financing of terrorism and proliferation This report summarizes the AML/CFT measures in Senegal 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 Senegal's AML/CFT system, and recommends how the system could be strengthened. This assessment was adopted by GIABA at its May 2018 Plenary and was also endorsed by FATF.
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.
7 May 2008

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

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.

Benin Follow-Up Report 2023

IO1: LE
IO2: LE
IO3: LE
IO4: LE
IO5: LE
IO6: LE
IO7: LE
IO8: LE
IO9: LE
IO10: LE
IO11: LE

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

Benin Follow-Up Report 2023

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