Benin
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 | |
Art. 31 gives special state protection against reprisals or intimidation; Art. 32 lets whistleblowers use a police or gendarmerie address; Arts. 33-36 allow a judge to hide an identity at risk, limit anonymity where the defence needs it and bar convictions resting solely on anonymous statements; Art. 53 penalises officials who reveal identities. |
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| Banking | |||||
| Suspicious transaction reporting to CENTIF | Deadline Without delay (Art. 60) | CENTIF | — | official | |
Art. 60 of Loi n° 2024-01 requires suspicious transaction reports to the CENTIF 'sans délai' (without delay), as cited in the CENTIF 2025 activity report. Art. 65 lets the CENTIF suspend a suspicious operation for up to four days (96 hours). The uniform law has the equivalent duty at Arts. 60-61. |
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| 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 | |
Art. 84 requires major incidents to be notified without delay, with a detailed report within 72 hours of notification. Art. 3(26) defines a major incident by several triggers, including a service interruption of more than four hours and security breaches. Art. 82 requires documented incident procedures and an annual risk report to the Commission Bancaire. |
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| 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 | |
Art. 28(1) requires at least 30 days' prior notice to outsource critical operational functions; Art. 36 sets conditions (internal control, customer protection, data availability and deletion) and Art. 37 the minimum contract content. |
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| 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 | |
Art. 9 forbids providing the payment services listed in Art. 4(i)-(vii) without prior approval and listing; account aggregators register instead (Arts. 22-24). Arts. 17-19 set the application process, with a six-month review period. |
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| 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 | |
Art. 48 requires payment institutions to place unremitted users' funds still held at the end of the next business day in cantonnement (segregated) accounts and to reconcile balances daily, and shields them from other creditors in resolution or liquidation. |
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| No obligations match these filters. | |||||