• Disciplinary and financial sanctions against a bank established in Benin

During its session held on July 18, 2023, the WAMU Banking Commission, after hearing the leaders concerned, issued a reprimand against a bank established in Benin. This disciplinary sanction is motivated by breaches and infringements of the legal and regulatory texts applicable to credit institutions, in particular by weaknesses in the system to combat money laundering and the financing of terrorism, noted during the verification carried out with this bank as well as non-compliance with the terms of an injunction from the Community Supervisory Authority.

In addition to the above-mentioned disciplinary sanction, the bank received a financial sanction in the amount of three hundred million (300,000,000) FCFA, with regard to the above-mentioned offenses falling under the second and third categories, in accordance with the provisions of the 'Instruction No. 006-05-2018 of May 16, 2018 setting out the terms of application of the financial sanctions pronounced by the WAMU Banking Commission against WAMU credit institutions.

This publication is made for an indefinite period.

• Disciplinary and financial sanctions against a bank established in Mali

During its session held on July 18, 2023, the WAMU Banking Commission, after hearing the leaders concerned, issued a reprimand against a bank established in Mali. This disciplinary sanction is motivated by inadequacies in management and infringements of legal and regulatory texts applicable to credit institutions, in particular by weaknesses in the system to combat money laundering and the financing of terrorism, noted during the audits carried out. with this bank and its branch.

In addition to the above-mentioned disciplinary sanction, the bank received a financial sanction in the amount of three hundred million (300,000,000) FCFA, with regard to the above-mentioned offenses falling under the second and third categories, in accordance with the provisions of the 'Instruction No. 006-05-2018 of May 16, 2018 setting out the terms of application of the financial sanctions pronounced by the WAMU Banking Commission against WAMU credit institutions.

This publication is made for an indefinite period.

• Disciplinary and financial sanctions against a bank established in Mali

During its session held on July 18, 2023, the WAMU Banking Commission, after hearing the leaders concerned, issued a reprimand against a bank established in Mali. This disciplinary sanction is motivated by inadequacies in management as well as infringements of the legal and regulatory texts applicable to credit institutions, in particular by weaknesses in the system for combating money laundering and the financing of terrorism, noted during the verification carried out with this bank. It is also motivated by the distribution of dividends, decided by the ordinary General Meeting of the bank, in violation of the requirements of paragraphs 95 and 96 of the Prudential Mechanism applicable to credit institutions and financial companies of the WAMU.

In addition to the above-mentioned disciplinary sanction, the bank received a financial sanction in the amount of three hundred million (300,000,000) FCFA, with regard to the above-mentioned offenses falling under the second and third categories, in accordance with the provisions of the 'Instruction No. 006-05-2018 of May 16, 2018 setting out the terms of application of the financial sanctions pronounced by the WAMU Banking Commission against WAMU credit institutions.

This publication is made for an indefinite period.

• Disciplinary and financial sanctions against a decentralized financial system established in Burkina Faso

During its session held on July 18, 2023, the WAMU Banking Commission, after hearing the leaders concerned, issued a reprimand against a decentralized financial system installed in Burkina Faso. This disciplinary sanction is motivated by inadequacies in management as well as breaches and infringements of legal and regulatory texts governing decentralized financial systems, in particular by weaknesses in the system to combat money laundering and the financing of terrorism, noted during of the verification carried out with this institution.

This publication is made for an indefinite period.