Benin

The Mutual Evaluation Report of Benin was discussed and adopted by the 35th GIABA Technical Commission/Plenary Meeting in May 2021. The country was rated Low on all 11 I.Os relating to the effectiveness of its AML/CFT system and had more than eight (8) Recommendations rated NC/PC . Thus, in compliance with the GIABA Process and Procedures for the second round of mutual evaluations (August 2020), Benin was placed under the enhanced follow up regime.

This FUR analyses Benin's progress in meeting the requirements of the Technical Compliance provided for in recommendations 6 and 7 subject to re-rating. A re-rating of Technical Compliance is granted when sufficient progress has been made. Also, the report analyses Benin's technical compliance with FATF Recommendation 15, which has been revised since the adoption of the MER.