Pursuant to the mandate of the West African Benin Financial Intelligence Unit BFIU November 2014 Plenary Meeting the FIU undertook a High Level Mission (HLM) to the Republic of Benin on Monday 27th of April 2015, under the auspice of Benin. The members of the HLM would like to extend their appreciation and gratitude to the Government of Benin for facilitating a constructive and productive dialogue with a variety of national stakeholders and other high level officials who were able to clarify some questions and provide updates on the work being done and ongoing by Benin to combat Money Laundering and Terrorist Financing.
The Benin Financial Intelligence Unit BFIU is the body of the Government of Republic of Benin, statutorily mandated to assist with combating money laundering and financing of terrorism.
The FIU strives to develop a strong legal basis to combat money laundering, financing of terrorism activities and other financial crimes within the borders of Benin, to protect the integrity and stability of the financial system, by monitoring and supervising the anti-money laundering and anti-financing of terrorism controls and systems implemented by businesses that are vulnerable to money laundering or terrorist financing and by producing intelligence products that incorporates the analysis of relevant classified information.
ECOWAS Member Countries where FIU operates
- Ivory Coast
- Sierra Leone
- Burkina Faso
- Cap Verde