• Disciplinary and Monetary Sanctions Against a Bank Operating in Niger

During its session held on July 1, 2026, the WAMU Banking Commission, after hearing the executives concerned, issued a formal reprimand against a bank operating in Niger. This disciplinary sanction stems from non-compliance and violations of the legal and regulatory provisions applicable to credit institutions. In particular, deficiencies were identified regarding prudential standards, governance, risk management, and the anti-money laundering, counter-financing of terrorism, and proliferation framework (AML/CFT/CPF).

In addition to the aforementioned disciplinary sanction, the bank was handed a monetary penalty of three hundred million (300,000,000) FCFA, in view of the above infractions falling under categories 2 and 3, pursuant to Instruction No. 006-05-2018 of May 16, 2018, establishing the terms of application for pecuniary sanctions imposed by the WAMU Banking Commission against WAMU credit institutions.

This notice is published for an indefinite period.

• Disciplinary and Monetary Sanctions Against a Bank Operating in Côte d’Ivoire

During its session held on July 1, 2026, the WAMU Banking Commission, after hearing the executives concerned, issued a formal reprimand against a bank operating in Côte d’Ivoire. This disciplinary sanction stems from non-compliance and violations of the legal and regulatory provisions applicable to credit institutions. In particular, deficiencies were identified regarding prudential standards, governance, risk management, and the anti-money laundering, counter-financing of terrorism, and proliferation framework (AML/CFT/CPF).

In addition to the aforementioned disciplinary sanction, the bank was handed a monetary penalty of three hundred million (300,000,000) FCFA, in view of the above infractions falling under categories 2 and 3, pursuant to Instruction No. 006-05-2018 of May 16, 2018, establishing the terms of application for pecuniary sanctions imposed by the WAMU Banking Commission against WAMU credit institutions.

This notice is published for an indefinite period.

• Disciplinary and Monetary Sanctions Against a Bank Established in Burkina Faso

During its session held on July 1, 2026, the WAMU Banking Commission, after hearing the executives concerned, issued a formal reprimand against a bank established in Burkina Faso. This disciplinary sanction stems from non-compliance and violations of the legal and regulatory provisions applicable to credit institutions. In particular, deficiencies were identified, notably regarding governance, risk management, and the anti-money laundering, counter-financing of terrorism, and proliferation framework (AML/CFT/CPF).

In addition to the aforementioned disciplinary sanction, the bank was handed a monetary penalty of three hundred million (300,000,000) FCFA, in view of the above infractions falling under categories 2 and 3, pursuant to Instruction No. 006-05-2018 of May 16, 2018, establishing the terms of application for pecuniary sanctions imposed by the WAMU Banking Commission against WAMU credit institutions.

This notice is published for an indefinite period.

• Revocation of Financial Institution License : Compagnie Ouest Africaine de Crédit-Bail (Senegal)

During its session held on July 1, 2026, the WAMU Banking Commission closed the disciplinary proceedings initiated against Compagnie Ouest Africaine de Crédit-Bail (abbreviated as LOCAFRIQUE) by revoking its operating license. This disciplinary sanction is driven by ongoing critical issues, including failure to submit the recovery plan required by the Banking Commission, widespread non-compliance with prudential regulations, virtually non-existent credit activity, absence of viable short- and medium-term recovery prospects, failure to submit regular regulatory filings on time since FY2024, insolvency, and negative net assets as of end-December 2024.

Following the license revocation, LOCAFRIQUE has been placed into liquidation.

LOCAFRIQUE has also been removed from the official registry of licensed financial institutions.