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

August 23, 2023

Preview Citation

Format: Chicago

Côte d'Ivoire: Detailed Assessment Report for Anti-Money Laundering and Combating the Financing of Terrorism, (USA: International Monetary Fund, 2023) accessed December 21, 2024

Also available in: français

Summary

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.

Subject: 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

Publication Details

Pages:

284
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2023/307
Stock No:

1CIVEA2023002
ISBN:

9798400252013
ISSN:

1934-7685

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