Côte d'Ivoire: Detailed Assessment Report for Anti-Money Laundering and Combating the Financing of Terrorism

International Monetary Fund

No 2023/307, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper presents detailed assessment report on anti-money laundering and combating the financing of terrorism (AML/CFT) in Côte d'Ivoire. The authorities have identified high-risk sectors and key domestic ML/TF threats. However, they have failed to demonstrate a detailed understanding of ML and TF methods used in practice. The authorities have taken measures in response to certain risks, which are deemed high, particularly with regard to corruption or the real estate sector, but these measures are still recent and have only addressed the risks to a certain extent. The Economic and Financial Crimes Tribunal and some investigative authorities make use of financial intelligence and other information in an adequate manner, in order to develop evidence and identify criminal proceeds. The country’s geographical position, importance in the regional economy, and developed and open financial sector, all render it particularly exposed to ML/TF risks. Despite the well-established existence of transnational crime, the international aspects of investigations remain underutilized, except when the investigation is launched by foreign authorities.

Keywords: TF risk; TF risk rating; TF case; assessment mission in Côte d'Ivoire; negotiable instrument; key finding; Anti-money laundering and combating the financing of terrorism (AML/CFT); Corruption; Drug trafficking; Terrorism; West Africa; Europe; Asia and Pacific (search for similar items in EconPapers)
Pages: 284
Date: 2023-08-23
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