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 eight member states of the West African Monetary Union (UMOA), Mali among them. Its site describes it as an international public institution seated in Dakar and gives 12 May 1962 as its creation date.
What they do
Holds the exclusive right to issue currency in the Union, conducts monetary policy, sets rules for banks and financial institutions and supervises them, chiefly through the Commission Bancaire, which its Governor chairs. Its regulations pages carry the Union's AML/CFT, payment-services and e-money instructions, and it runs the LIF-BCEAO regulatory sandbox.
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'Union Monétaire Ouest Africaine (Uniform Law on combating money laundering, terrorist financing and proliferation financing in UMOA member states) 2023
Latest news
No news tagged to this regulator yet.
Related regulators
Others in Mali supervising overlapping sectors.