BFIU Is Prepared to Take Giant Step for
Implementation of Amendment and Restatement PFM
Act of 2009 DG Asogba Gives Assurance
8 February 2022
BFIU Is Prepared to Take Giant Step for
Implementation of Amendment and Restatement PFM
Act of 2009 DG Asogba Gives Assurance
8 February 2022
FIU Benin fines All Insurance Companies operating in Cotonou for Violation, Non-Compliance, and Obstruction.
Issue regulations on the procedures and
methods for submission and secured transmission,
as well as the form and content of STR, CTR and
other report to the BFIU.
Require designated regulators or supervisor of
reporting entities to monitor and enforce
compliance with AML/CFT reporting obligations
and inform the BFIU instances of non-compliance.
Enforce compliance where a reporting entity
fails to comply in whole or in part with
reporting obligations through administrative
sanctions established by Ministry of Justice for
prosecution where an offense has been
committed..