Côte d'Ivoire: Detailed Assessment Report for Anti-Money Laundering and Combating the Financing of Terrorism
IMF Staff Country Reports, August 23, 2023
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- Côte d'Ivoire: Detailed Assessment Report for Anti-Money Laundering and Combating the Financing of Terrorism
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Bibliographic details
- Published: August 23, 2023
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798400252013.002
Summary findings
- The report presents a detailed assessment of anti-money laundering and combating the financing of terrorism (AML/CFT) in Côte d'Ivoire.
- Authorities have identified high-risk sectors and key domestic ML/TF threats.
- Authorities have failed to demonstrate a detailed understanding of ML and TF methods used in practice.
- Measures have been taken in response to certain high risks, notably with regard to corruption and the real estate sector, but these measures are 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 to develop evidence and identify criminal proceeds.
Risk factors and vulnerabilities
- The country’s geographical position, importance in the regional economy, and developed and open financial sector render it particularly exposed to ML/TF risks.
- There is a well-established existence of transnational crime.
- International aspects of investigations remain underutilized, except when the investigation is launched by foreign authorities.
Authorities’ actions and gaps
- High-risk sectors and key domestic threats have been identified by the authorities.
- Recent measures address certain high risks (corruption, real estate), but these remain limited in scope and duration.
- Demonstrated understanding of practical ML and TF methods is lacking.
Use of financial intelligence and investigative practice
- The Economic and Financial Crimes Tribunal and some investigative authorities adequately use financial intelligence and other information to develop evidence and identify criminal proceeds.
- International cooperation in investigations is underutilized unless initiated by foreign authorities.
Publication and metadata
- Publication date: August 23, 2023
- Pages: 284
- Volume: 2023
- Issue: 307
- Series: Country Report No. 2023/307
- DOI: https://doi.org/10.5089/9798400252013.002
- Stock No: 1CIVEA2023002
- ISBN: 9798400252013
- ISSN: 1934-7685
- Subjects: Anti-money laundering and combating the financing of terrorism (AML/CFT), Corruption, Crime, Drug trafficking, International organization, Monetary policy, Terrorism
- Keywords: Anti-money laundering and combating the financing of terrorism (AML/CFT), Asia and Pacific, assessment mission in Côte d'Ivoire, Corruption, Drug trafficking, Europe, key finding, negotiable instrument, Terrorism, TF case, TF risk, TF risk rating, West Africa
- Also available in français
International Monetary Fund. Legal Dept. "Côte d'Ivoire: Detailed Assessment Report for Anti-Money Laundering and Combating the Financing of Terrorism", IMF Staff Country Reports 2023, 307 (2023).
Content in this bundle
- 1civea2023002