Fight against money laundering and terrorist financing: Mali wants to get out of increased surveillance

The Malian authorities in charge of the fight against money laundering and the financing of terrorism (AML/CFT), the joint group of evaluators made up of member countries of the financial action task force (FATF), the FATF secretariat and the of the Intergovernmental Action Group against Money Laundering in West Africa (Giaba) held on Monday, September 12, 2022, in hybrid mode, a meeting to assess the consensual action plan of the national mechanism to combat money laundering and terrorist financing (AML/CFT) in Mali.

The Minister of Economy and Finance, Mr. Alousséni Sanou, accompanied by the Minister of Justice and Human Rights, Keeper of the Seals, Mr. Mahamadou Kassogué and the Minister of Security and Civil Protection on Brigadier General Daoud Aly Mohammedine took part in the discussions, by videoconference with the members of the Joint Africa/Middle East Group of the FATF in the presence of a Malian delegation led by Mr. Sékou Amadou N’Doure, project manager in the cabinet of the Minister of Economy and Finance. The said delegation also includes the President of the National Financial Information Processing Unit of Mali (Centif-Mali) Mr. Idrissa Mahamar Haïdara, executives from the departments in charge of Justice and Security as well as the representative of the Central Bank of West African States (Bceao).

Other representatives of the Gafi-Mali, the Banking Commission of UEMOA and the member structures of the National Commission for the Coordination of Activities in the Fight against Money Laundering and the Financing of Terrorism (Conaca-LBC/FT) have participated in the discussions by videoconference.

This process follows the high-level political commitment made by Malian authorities in October 2021 to work with Gafi and Giaba to strengthen the effectiveness of its AML/CFT regime. The meeting follows the one held in Saly (Senegal) in May 2022, at which Mali presented the status of implementation of the action plan resulting from the process of the International Cooperation Review Group (ICRG) of the Gafi.

“It is important to inform you of the determination of the Malian authorities to implement the action plan resulting from the Gafi’s International Cooperation Review Group (ICRG) process. We will spare no effort in this regard. Thus, the conclusions resulting from the process were communicated to the Council of Ministers by the Minister of Economy and Finance, as well as to all relevant stakeholders”said Alousséni Sanou during the opening of the works.

The Minister of Economy and Finance spoke of the significant efforts made by the State of Mali in the context of the implementation of the ICRG action plan despite the major constraints caused by the embargo imposed by the ECOWAS and the security context.

The action plan, which aims to mitigate the shortcomings of the national AML/CFT system, comprises 27 measures, three of which have been fully implemented and the rest are in progress in accordance with the implementation schedule.

The high-level commitment given by the highest authorities to implement everything in the fight against money laundering and the financing of terrorism through the mobilization of the three ministers, the trip of the Malian delegation for the meeting to face” in Zambia as well as the progress made in the implementation of the action plan were welcomed by the experts of the Joint Africa/Middle East Committee of the FATF. The appreciable results obtained by Mali bode well for Mali’s exit from “increased surveillance” through a national AML/CFT system that meets technical compliance and efficiency standards.

The Minister of Economy and Finance thanked, on behalf of the highest Malian authorities, the Joint Group, the Gafi, the United Nations Office on Drugs and Crime (UNODC), the Giaba secretariat, the Anti -Money Laundering in Eastern and Southern Africa (Gabaoa) and all partners for their constant support in favor of Mali within the framework of the implementation of the action plan of the ICRG.

Finally, Alousséni Sanou reaffirmed Mali’s commitment to do everything possible to ensure the compliance of the national AML/CFT system with international standards.

Mahamet Traore


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Source: Maliweb

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J. A. Allen

Author, blogger, freelance writer. Hater of spiders. Drinker of wine. Mother of hellions.

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