Senegal
7 regulators · 6 laws & regulations · 5 obligations · 10 enforcement actions
| Date | Entity | Regulator | Action | Penalty | Source | Summary |
|---|---|---|---|---|---|---|
| Sep 2026 | Banque établie au Sénégal (bank established in Senegal; not named in the release) (bank) | Commission Bancaire de l'UMOA (UMOA Banking Commission) | Monetary Penalty Formal Reprimand | XOF 300,000,000 | official | |
At its 155th session (29-30 September 2026; release dated 14 October 2026) the Collège de Supervision of the Commission Bancaire reprimanded a bank established in Senegal and fined it 300 million FCFA after hearing its executives. The release cites weaknesses in governance, risk management and the AML/CFT/proliferation financing framework. |
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| 1 Jul 2026 | LOCAFRIQUE (Compagnie Ouest Africaine de Crédit-Bail) (financial institution (leasing company)) | Commission Bancaire de l'UMOA (UMOA Banking Commission) | Licence Action | — | official | |
At its 154th session (1 July 2026) the Collège de Supervision withdrew the approval of LOCAFRIQUE, Senegal, and placed it in liquidation. Grounds cited include failure to produce a recovery plan, widespread prudential breaches, almost no lending, late or irregular reporting since 2024 and cessation of payments with negative net assets at end-December 2024. No legal basis is cited in the release. |
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| Jun 2025 | Banque établie au Sénégal (bank established in Senegal; not named in the release) (bank) | Commission Bancaire de l'UMOA (UMOA Banking Commission) | Monetary Penalty Formal Reprimand | XOF 151,000,000 | official | |
At its 147th session (25-26 June 2025) the Commission Bancaire gave a bank established in Senegal a warning and a fine of 151 million FCFA. The release cites weaknesses in governance, credit and operational risk management and AML/CFT/proliferation financing controls. |
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| Mar 2025 | Établissement de monnaie électronique établi au Sénégal (electronic money institution established in Senegal; not named in the release) (electronic money institution) | Commission Bancaire de l'UMOA (UMOA Banking Commission) | Monetary Penalty Formal Reprimand | XOF 38,000,000 | official | |
At its 146th session (20-21 March 2025) the Commission Bancaire warned an electronic money institution established in Senegal and fined it 38 million FCFA for weaknesses in governance, risk management, compliance with prudential ratios and AML/CFT controls. |
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| 14 Dec 2024 | Momar Sourang (individual (chairman of an insurer's board)) | CRCA | Formal Reprimand | — | official | |
CRCA Décision N°0020-24 of 14 December 2024 reprimanded (blâme) Momar Sourang, chairman (PCA) of CNART du Sénégal. The PDF has no readable text, so the grounds are not recorded. |
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| 14 Dec 2024 | Mor Adj (individual (director general of an insurer)) | CRCA | Formal Reprimand | — | official | |
CRCA Décision N°0021-24 of 14 December 2024 reprimanded (blâme) Mor Adj, director general of CNART du Sénégal. The PDF has no readable text, so the grounds are not recorded. |
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| 20 Apr 2024 | Hamadou Mbackiou FAYE (individual (chairman of an insurer's board)) | CRCA | Formal Reprimand | — | official | |
CRCA Décision N°010 of 20 April 2024 reprimanded (blâme) Hamadou Mbackiou Faye, chairman (PCA) of Assurances La Sécurité Sénégalaise. The PDF has no readable text, so the grounds are not recorded. |
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| 20 Apr 2024 | Ibrahima SOW (individual (former director general of an insurer)) | CRCA | Formal Reprimand | — | official | |
CRCA Décision N°009 of 20 April 2024 reprimanded (blâme) Ibrahima Sow, former director general of Assurances La Sécurité Sénégalaise. The PDF has no readable text, so the grounds are not recorded. |
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| 20 Apr 2024 | Société Assurances La Sécurité Sénégalaise (ASS) (insurer) | CRCA | Formal Reprimand | — | official | |
CRCA Décision N°008 of 20 April 2024 reprimanded (blâme) the insurer Assurances La Sécurité Sénégalaise. The PDF has no readable text, so the grounds are not recorded. |
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| 16 Sep 2023 | Société AMSA Vie Sénégal (insurer) | CRCA | Formal Reprimand | — | official | |
CRCA Décision N°0004 of 16 September 2023 issued a warning (avertissement) to AMSA Vie Sénégal; Décisions N°0001 to N°0003 of the same date warned its director general, its chair and its board members. The PDF has no readable text, so the grounds are not recorded. |
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| No enforcement actions match these filters. | ||||||