Burkina Faso's progress in strengthening measures to tackle money laundering and terrorist financing

Technical Compliance

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

Burkina Faso Follow-Up Report 2023

missOrigin

R.1 - Assessing risk & applying risk-based approach: LC
R.2 - National cooperation and coordination: LC
R.3 - Money laundering offence: C
R.4 - Confiscation and provisional measures: LC
R.5 - Terrorist financing offence: C
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: PC
R.9 - Financial institution secrecy laws: C
R.10 - Customer due diligence: LC
R.11 - Record keeping: LC
R.12 - Politically exposed persons: LC
R.13 - Correspondent banking: LC
R.14 - Money or value transfer services: PC
R.15 - New technologies: PC
R.16 - Wire transfers: LC
R.17 - Reliance on third parties: LC
R.18 - Internal controls and foreign branches and subsidiaries: LC
R.19 - Higher-risk countries: PC
R.20 - Reporting of suspicious transactions: LC
R.21 - Tipping-off and confidentiality: C
R.22 - DNFBPs: Customer due diligence: PC
R.23 - DNFBPs: Other measures: LC
R.24 - Transparency and beneficial ownership of legal persons: PC
R.25 - Transparency and beneficial ownership of legal arrangements: PC
R.26 - Regulation and supervision of financial institutions: PC
R.27 - Powers of supervisors: C
R.28 - Regulation and supervision of DNFBPs: PC
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: LC
R.35- Sanctions: LC
R.36 - International instruments: C
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

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

Earlier reports

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.
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.
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.