Mali: Transitional Authorities Want to Fight Financial crime More Effectively at National Level

The malian Government  want to put in place an appropriate legislative and legal framework to deal more effectively with money laundering and the financing of terrorism in the country. The impact of this scourge on financial institutions is enormous.

At its regular meeting of the Council of Ministers, chaired by the President of the Transition, Colonel Assimi GOÏTA, the Malian government adopted a draft decree on Wednesday 27 September amending Decree No. 2021-0682/PT-RM of 24 September 2021.

Certain provisions of this decree relating to the designation of the competent authority and the definition of the procedure for administrative freezing as part of the fight against the financing of terrorism and the proliferation of weapons of mass destruction have been amended.

According to the Malian government, shortcomings have been identified in the system for combating money laundering and the financing of terrorism by the West African control unit GIABA. These shortcomings have been revised in the decree.

The decree of law must meet the requirements of the Intergovernmental Action Group against Money Laundering in West Africa (GIABA) and also enable the Malian government to improve the technical compliance of its anti-money laundering and countering the financing of terrorism system.

Yaro AMINOU