The document is a mutual evaluation report on anti-money laundering and counter-terrorist financing measures in Burkina Faso from May 2019. It finds that Burkina Faso has achieved low effectiveness in 11 of 11 immediate outcomes to combat money laundering and terrorist financing. On technical compliance, it rates Burkina Faso as compliant on 9 recommendations, largely compliant on 17, partially compliant on 13, and non-compliant on 1 recommendation.

1. Anti-money laundering and counter-terrorist financing measures in Burkina Faso – Mutual Evaluation Report – May 2019 1
Anti-money laundering and counter-
terrorist financing (AML/CFT) measures
in Burkina Faso
Fourth Round Mutual Evaluation
Key findings, ratings and priority actions
May 2019
http://www.fatf-gafi.org/publications/mutualevaluations/documents/mer-burkina-faso-2019.html

2. Anti-money laundering and counter-terrorist financing measures in Burkina Faso – Mutual Evaluation Report – May 2019
Ratings – Effectiveness (1/3)
2
Immediate outcome of an effective system to combat money
laundering (ML) and terrorist financing (TF)
Extent to
which
Burkina Faso
has achieved
this objective
1. ML and TF risks are understood and, where appropriate,
actions co-ordinated domestically to combat ML and TF
Low
2. International co-operation delivers appropriate information,
financial intelligence, and evidence, and facilitates action
against criminals and their assets
Moderate
3. Supervisors appropriately supervise, monitor and regulate
financial institutions and designated non-financial
businesses and professions (DNFBPs) for compliance with
AML/CFT requirements commensurate with their risks.
Low
4. Financial institutions and DNFBPs adequately apply AML/CFT
preventive measures commensurate with their risks, and
report suspicious transactions.
Low

3. Anti-money laundering and counter-terrorist financing measures in Burkina Faso – Mutual Evaluation Report – May 2019 3
Immediate outcome of an effective system to combat money
laundering (ML) and terrorist financing (TF)
Extent to
which
Burkina Faso
has achieved
this objective
5. Legal persons and arrangements are prevented from misuse
for money laundering or terrorist financing, and information
on their beneficial ownership is available to competent
authorities without impediments
Low
6. Financial intelligence and all other relevant information are
appropriately used by competent authorities for money
laundering and terrorist financing investigations.
Moderate
7. Money laundering offences and activities are investigated
and offenders are prosecuted and subject to effective,
proportionate and dissuasive sanctions
Low
8. Proceeds and instrumentalities of crime are confiscated. Low
Ratings – Effectiveness (2/3)

4. Anti-money laundering and counter-terrorist financing measures in Burkina Faso – Mutual Evaluation Report – May 2019 4
Immediate outcome of an effective system to combat money
laundering (ML) and terrorist financing (TF)
Extent to
which
Burkina Faso
has achieved
this objective
9. Terrorist financing offences and activities are investigated
and persons who finance terrorism are prosecuted and
subject to effective, proportionate and dissuasive sanctions.
Low
10. Terrorists, terrorist organisations and terrorist financiers are
prevented from raising, moving and using funds, and from
abusing the non-profit sector.
Low
11. Persons and entities involved in the proliferation of weapons
of mass destruction are prevented from raising, moving and
using funds, consistent with the relevant United Nations
Security Council Resolutions.
Low
Ratings – Effectiveness (3/3)

5. Anti-money laundering and counter-terrorist financing measures in Burkina Faso – Mutual Evaluation Report – May 2019 5
Ratings – Effectiveness

6. 6
Ratings – technical compliance
(1/5)
September
2016
AML/CFT POLICIES AND COORDINATION
1. Assessing risks & applying a risk-based approach Largely CompliantLargely CompliantLargely CompliantLargely CompliantLargely Compliant
2. National cooperation and coordination Partially CompliantPartially CompliantPartially CompliantPartially CompliantPartially Compliant
MONEY LAUNDERING AND CONFISCATION
3. Money laundering offence CompliantCompliantCompliantCompliant Compliant
4. Confiscation and provisional measures Largely CompliantLargely CompliantLargely CompliantLargely CompliantLargely Compliant
TERRORIST FINANCING AND FINANCING OF PROLIFERATION
5. Terrorist financing offence Partially CompliantPartially CompliantPartially CompliantPartially CompliantPartially Compliant
6. Targeted financial sanctions related to terrorism & terrorist
financing Partially CompliantPartially CompliantPartially CompliantPartially CompliantPartially Compliant
7. Targeted financial sanctions related to proliferation Partially CompliantPartially CompliantPartially CompliantPartially CompliantPartially Compliant
8. Non-profit organisations Partially CompliantPartially CompliantPartially CompliantPartially CompliantPartially Compliant

7. 7
Ratings – technical compliance
(2/5)
September
2016
PREVENTIVE MEASURES
9. Financial institution secrecy laws CompliantCompliantCompliantCompliant Compliant
Customer due diligence and record keeping
10. Customer due diligence Largely CompliantLargely CompliantLargely CompliantLargely CompliantLargely Compliant
11. Record keeping Largely CompliantLargely CompliantLargely CompliantLargely CompliantLargely Compliant
Additional measures for specific customers and activities
12. Politically exposed persons Largely CompliantLargely CompliantLargely CompliantLargely CompliantLargely Compliant
13. Correspondent banking Largely CompliantLargely CompliantLargely CompliantLargely CompliantLargely Compliant
14. Money or value transfer services Partially CompliantPartially CompliantPartially CompliantPartially CompliantPartially Compliant
15. New technologies CompliantCompliantCompliantCompliant Compliant
16. Wire transfers Largely CompliantLargely CompliantLargely CompliantLargely CompliantLargely Compliant

8. 8
Ratings – technical compliance
(3/5)
September
2016
PREVENTIVE MEASURES (continued)
Reliance, Controls and Financial Groups
17. Reliance on third parties Largely CompliantLargely CompliantLargely CompliantLargely CompliantLargely Compliant
18. Internal controls and foreign branches and subsidiaries Largely CompliantLargely CompliantLargely CompliantLargely CompliantLargely Compliant
19. Higher-risk countries Partially CompliantPartially CompliantPartially CompliantPartially CompliantPartially Compliant
Reporting of suspicious transactions
20. Reporting of suspicious transactions Largely CompliantLargely CompliantLargely CompliantLargely CompliantLargely Compliant
21. Tipping-off and confidentiality CompliantCompliantCompliantCompliant Compliant
Designated non-financial Businesses and Professions (DNFBPs)
22. DNFBPs: Customer due diligence Partially CompliantPartially CompliantPartially CompliantPartially CompliantPartially Compliant
23. DNFBPs: Other measures Largely CompliantLargely CompliantLargely CompliantLargely CompliantLargely Compliant
TRANSPARENCY AND BENEFICIAL OWNERSHIP OF LEGAL
PERSONS AND ARRANGEMENTS
24. Transparency and beneficial ownership of legal persons Partially CompliantPartially CompliantPartially CompliantPartially CompliantPartially Compliant
25. Transparency and beneficial ownership of legal arrangements Partially CompliantPartially CompliantPartially CompliantPartially CompliantPartially Compliant

9. 9
Ratings – technical compliance
(4/5)
September
2016
POWERS AND RESPONSIBILITIES OF COMPETENT AUTHORITIES
AND OTHER INSTITUTIONAL MEASURES
Regulation and Supervision
26. Regulation and supervision of financial institutions Partially CompliantPartially CompliantPartially CompliantPartially CompliantPartially Compliant
27. Powers of supervisors CompliantCompliantCompliantCompliant Compliant
28. Regulation and supervision of DNFBPs Non CompliantNon CompliantNon CompliantNon Compliant Non Compliant
Operational and Law Enforcement
29. Financial intelligence units CompliantCompliantCompliantCompliant Compliant
30. Responsibilities of law enforcement and investigative
authorities CompliantCompliantCompliantCompliant Compliant
31. Powers of law enforcement and investigative authorities CompliantCompliantCompliantCompliant Compliant
32. Cash couriers Partially CompliantPartially CompliantPartially CompliantPartially CompliantPartially Compliant

10. 10
Ratings – technical compliance
(5/5)
September
2016
POWERS AND RESPONSIBILITIES OF COMPETENT AUTHORITIES
AND OTHER INSTITUTIONAL MEASURES (continued)
General Requirements
33. Statistics Largely CompliantLargely CompliantLargely CompliantLargely CompliantLargely Compliant
34. Guidance and feedback Partially CompliantPartially CompliantPartially CompliantPartially CompliantPartially Compliant
Sanctions
35. Sanctions Largely CompliantLargely CompliantLargely CompliantLargely CompliantLargely Compliant
INTERNATIONAL COOPERATION
36. International instruments CompliantCompliantCompliantCompliant Compliant
37. Mutual legal assistance Largely CompliantLargely CompliantLargely CompliantLargely CompliantLargely Compliant
38. Mutual legal assistance: freezing and confiscation Largely CompliantLargely CompliantLargely CompliantLargely CompliantLargely Compliant
39. Extradition Largely CompliantLargely CompliantLargely CompliantLargely CompliantLargely Compliant
40. Other forms of international cooperation Largely CompliantLargely CompliantLargely CompliantLargely CompliantLargely Compliant

11. Anti-money laundering and counter-terrorist financing measures in Burkina Faso – Mutual Evaluation Report – May 2019 11
Ratings – technical compliance
9
17
13
1
Compliant
Largely compliant
Partially compliant
Non compliant