Direction 2018 status not recorded
Instruction n°006-05-2018 du 16 mai 2018 fixant les modalités d'application des sanctions pécuniaires prononcées par la Commission Bancaire de l'UMOA à l'encontre des établissements de crédit de l'UMOA (Instruction on applying the Banking Commission's pecuniary sanctions to UMOA credit institutions)
Issued by Commission Bancaire de l'UMOA (UMOA Banking Commission)
Effective: 28 May 2018
Plain-English summary
Divides infractions into three categories and caps fines at FCFA 300 million for banks and FCFA 90 million for financial establishments with a banking character (Arts. 2-4). The BCEAO collects the fines (Art. 5).
Who it applies to
Banking
Topics
Prudential & Capital AML / CFT / Sanctions
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