BENIN: AML/CFT MUTUAL EVALUATION REPORT

On 28 September, FATF released the mutual evaluation report dated May 2021 and prepared by the FATF-style regional body GIABA.  This evaluation was based on the 2012 FATF Recommendations, and was prepared using the 2013 Methodology. The evaluation was based on information provided by the country, and information obtained by the evaluation team during its on-site visit to the country. The findings of this assessment have been reviewed and endorsed by the FATF.

Benin had previously undergone a GIABA Mutual Evaluation in 2009, conducted in accordance with the 2004 FATF Methodology. This evaluation and the 8 subsequent follow-up reports have been published and are available at the GIABA website.  Following the adoption of that MER in May 2010, Benin was placed under the Expedited Regular Follow-up process and only exited from that process in November 2018.

https://www.fatf-gafi.org/media/fatf/documents/reports/mer-fsrb/GIABA-Mutual-Evaluation-Report-Benin-2021.pdf

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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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