Benin
3 regulators · 4 laws & regulations · 6 obligations · 7 enforcement actions
| Date | Entity | Regulator | Action | Penalty | Source | Summary |
|---|---|---|---|---|---|---|
| Jun 2025 | Une banque implantée au Bénin (not named in the release) (bank) | Commission Bancaire de l'UMOA (UMOA Banking Commission) | Monetary Penalty Formal Reprimand | XOF 300,000,000 | official | |
147th session of the Collège de Supervision, held 25-26 June 2025. A bank based in Bénin received a reprimand and a fine of 300,000,000 FCFA, citing weaknesses in governance, risk management and the AML/CFT/CPF framework. |
||||||
| 16 Dec 2024 | Une institution de monnaie électronique implantée au Bénin (not named in the release) (electronic money institution) | Commission Bancaire de l'UMOA (UMOA Banking Commission) | Monetary Penalty Formal Reprimand | XOF 38,000,000 | official | |
144th session of the Collège de Supervision, held 16 December 2024. An e-money institution based in Bénin received a warning and a fine of 38,000,000 FCFA for prudential, governance, e-money issuance and distribution, and AML/CFT weaknesses. |
||||||
| 12 Nov 2024 | Une banque implantée au Bénin (not named in the release) (bank) | Commission Bancaire de l'UMOA (UMOA Banking Commission) | Monetary Penalty Formal Reprimand | XOF 300,000,000 | official | |
143rd session of the Collège de Supervision, held 12 November 2024. A bank based in Bénin received a reprimand and a fine of 300,000,000 FCFA, citing weaknesses in prudential supervision, governance, risk management and AML/CFT controls. |
||||||
| 20 Sep 2022 | A director of Banque Y (Bénin) (individual (bank director)) | Commission Bancaire de l'UMOA (UMOA Banking Commission) | Prohibition Order | — | official | |
130th session of the Commission Bancaire, 20 September 2022. A director of Banque Y was suspended from office over a knowingly inaccurate sworn statement in a request for a derogation from the nationality requirement, and barred from managing or holding stakes in UMOA credit institutions. |
||||||
| 20 Sep 2022 | Banque Y (Bénin) (bank) | Commission Bancaire de l'UMOA (UMOA Banking Commission) | Monetary Penalty Formal Reprimand | XOF 300,000,000 | official | |
130th session of the Commission Bancaire, 20 September 2022. A bank in Bénin, identified only as 'banque Y', received a reprimand and a fine of 300,000,000 FCFA for breaches of the AML/CFT framework found in an inspection of 4 to 12 April 2022. |
||||||
| 20 Sep 2022 | Banque X (Bénin) (bank) | Commission Bancaire de l'UMOA (UMOA Banking Commission) | Monetary Penalty Formal Reprimand | XOF 300,000,000 | official | |
130th session of the Commission Bancaire, 20 September 2022. A bank in Bénin, identified only as 'banque X', received a reprimand and a fine of 300,000,000 FCFA after a specific inspection of 21 March to 1 April 2022 found breaches of the rules for credit institutions. |
||||||
| 20 Jun 2022 | Une banque implantée au Bénin (not named in the release) (bank) | Commission Bancaire de l'UMOA (UMOA Banking Commission) | Monetary Penalty Formal Reprimand | XOF 200,000,000 | official | |
128th session of the Collège de Supervision, 20 June 2022. A bank based in Bénin received a warning and a fine of 200,000,000 FCFA for weaknesses in governance, credit, liquidity and operational risk management, external financial relations and AML/CFT. |
||||||
| No enforcement actions match these filters. | ||||||