Banque Centrale des États de l'Afrique de l'Ouest (Central Bank of the West African States) BCEAO
Who they are
Common central bank of the West African Monetary Union (UMOA), whose eight member states include Burkina Faso.
What they do
Issues the instructions on payment services, electronic money, AML/CFT and foreign-exchange operations that apply across the union, and approves and supervises payment institutions and e-money issuers. Its Laboratoire d'Innovation Financière (LIF-BCEAO) lets licensed institutions and fintechs test products under its supervision.
Key laws & regulations issued
- Direction 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) 2024
- Act Loi uniforme relative à la lutte contre le blanchiment de capitaux, le financement du terrorisme et de la prolifération des armes de destruction massive dans les États membres de l'UMOA (Uniform Law on combating money laundering, terrorist financing and proliferation financing in UMOA member states)
Latest news
No news tagged to this regulator yet.
Related regulators
Others in Burkina Faso supervising overlapping sectors.