What do we do

The Benin Financial Intelligence Unit BFIU was established in July 1989 by a Group of Seven (G-7) Summit in Paris, initially to examine and develop measures to combat money laundering.

In October 2001, the FIU expanded its mandate to incorporate efforts to combat terrorist financing, in addition to money laundering across the West African States..

Since its inception, the FIU has operated under a fixed life-span, requiring a specific decision by its Ministers to continue.  The current mandate of the FIU (2012-2020) was adopted at a Ministerial meeting in April 2012. 

The objectives of the FIU are to set standards and promote effective implementation of legal, regulatory and operational measures for combating money laundering, terrorist financing and other related threats to the integrity of the international financial system. Starting with its own members, the FIU monitors countries' progress in implementing the FIU Recommendations; reviews money laundering and terrorist financing techniques and counter-measures; and, promotes the adoption and implementation of the FIU Recommendations globally.

FIU Annual Report 2006 - 2020