From 2020 to 2022, in partnership with the United Nation’s Office on Drugs and Crime (UNODC), FSVC implemented a program funded by the U.S. Department of State’s Bureau of Counterterrorism on anti-money laundering and combating the financing of terrorism (AML/CFT) in West Africa.
FSVC and UNODC provided technical assistance to several West African countries, including Niger and Burkina Faso, to strengthen private sector supervision and interagency cooperation in the area of AML/CFT. The FSVC/UNODC program focused on enhancing the AML/CFT reporting chain of detection, investigation, disruption and prosecution of terrorism financing activity. It also focused on regional cooperation and information sharing in AML/CFT.
- FSVC provided recommendations to help Burkina Faso’s Financial Intelligence Unit (FIU) improve their AML/CFT monitoring framework and introduce a risk-based approach to supervision.
- FSVC developed a draft supervision manual in coordination with Niger’s FIU and the Ministry of Urban Planning, Housing and Sanitation that included detailed standard operating procedures for Niger’s FIU concerning on- and off-site supervision, as well as risk-based supervision.
- FSVC provided the Ministry of Urban Planning of Niger with a draft supervision manual for the real estate sector. The manual covered AML/CFT supervisory practices for the real estate sector, including detailed standard operating procedures for on-site and off-site supervision.