Senegal: Vote on the law against the financing of terrorism

Senegal has just passed a law against money laundering and the financing of terrorism. It was yesterday that the National Assembly passed this bill to combat financial crime.

The Minister of Finance says that a system against money laundering has been put in place. “In the framework of the actions undertaken by the international community to effectively combat financial crime, the member states of the West African Economic and Monetary Union (UEMOA) adopted a legal framework during the 2000s and the fight against money laundering and the financing of terrorism”.

For the maintenance of public order, the minister, who was speaking to MPs, added that this device also aims to maintain public order.

“This mechanism reinforced measures to protect the integrity and credibility of the Union’s financial system contained in the legal texts governing banking and financial transactions. It was also aimed at preserving (…) peace in the subregion”.

Thus, Amadou Ba specified that the Council of Ministers of WAEMU has, in this sense, passed a law. The latter came into force in July 2015. It is related to the fight against money laundering and the financing of terrorism.

“This approach leads to the insertion in the internal law of the member states of the provisions of the internal bill”.

However, the minister remains on his guard. He warns that this fight is real. “The base must share the preventive reflex and for this purpose, the contest of the district chiefs proves to be essential by the information allowing to identify any person especially of origin foreign to the suspicious behavior and established in their districts”.