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Benin

BJ · BEN · Middle East & Africa

3 regulators · 4 laws & regulations · 6 obligations · 7 enforcement actions

Obligation Timing Regulator Arises from Source Detail
All industries
Protection of whistleblowers, witnesses and victims of corruption — — Loi n° 2011-20 du 12 octobre 2011 portant lutte contre la corruption et autres infractions connexes en République du Bénin (Law No. 2011-20 of 12 October 2011 on combating corruption and related offences) source
Banking
Suspicious transaction reporting to CENTIF Deadline Without delay (Art. 60) CENTIF — official
Payments & Fintech
Major operational or security incident reporting Deadline Notice without delay; report within 72 hours BCEAO Instruction n° 001-01-2024 du 23 janvier 2024 relative aux services de paiement dans l'Union Monétaire Ouest Africaine (Instruction on payment services in the UMOA) official
Outsourcing of critical functions: prior notice and contract terms Deadline At least 30 days' prior notice BCEAO Instruction n° 001-01-2024 du 23 janvier 2024 relative aux services de paiement dans l'Union Monétaire Ouest Africaine (Instruction on payment services in the UMOA) official
Prior approval and registration of payment institutions Before offering the service BCEAO Instruction n° 001-01-2024 du 23 janvier 2024 relative aux services de paiement dans l'Union Monétaire Ouest Africaine (Instruction on payment services in the UMOA) official
Safeguarding of customer funds in segregated accounts Daily reconciliation BCEAO Instruction n° 001-01-2024 du 23 janvier 2024 relative aux services de paiement dans l'Union Monétaire Ouest Africaine (Instruction on payment services in the UMOA) official