The Inter Governmental Action Group against Money Laundering in West Africa has published Niger’s fourth enhanced follow-up report, assessing the country’s progress on technical compliance with FATF standards since its 2021 mutual evaluation. The report upgrades five recommendations under review, raising Recommendation 14 on money or value transfer services to Compliant and Recommendations 8 on non-profit organizations, 10 on customer due diligence, 12 on politically exposed persons and 19 on higher-risk countries to Largely Compliant. GIABA said the report does not assess progress on effectiveness. Niger now has 26 recommendations rated Compliant or Largely Compliant overall, but it remains under enhanced follow-up because of its technical compliance position and its effectiveness ratings. The re-ratings were driven mainly by Niger’s adoption of Order No. 2024-56 of 19 December 2024, which replaced the previous AML/CFT law and transposed the updated West African Economic and Monetary Union framework into domestic law. GIABA also highlighted targeted changes in the non-profit sector, including terrorist financing risk assessments, risk-based supervision by the Directorate for Non-Governmental Organisations and Development Associations, 30 on-site inspections in 2024-2025 and sanctions initiated against four NGOs. Other improvements covered customer due diligence, politically exposed person controls, oversight of money transfer agents and sub-agents, and measures for dealings with higher-risk countries. Residual gaps remain, including limited evidence of donor-focused awareness in the non-profit sector, overdue updates to non-profit risk assessments, some incomplete customer identification and monitoring requirements for financial institutions, missing senior management approval when an existing customer becomes a politically exposed person, and the fact that countermeasures for higher-risk countries do not explicitly apply to insurance companies. The report states that Niger’s next enhanced follow-up report is expected in November 2026.
Inter Governmental Action Group against Money Laundering in West Africa (GIABA)2026-01-01
Inter Governmental Action Group against Money Laundering in West Africa re-rates five Niger AML CFT recommendations and keeps the country under enhanced follow-up
GIABA’s fourth enhanced follow-up report for Niger finds enough progress on technical compliance to upgrade five FATF recommendations. Recommendation 14 was raised to Compliant, while Recommendations 8, 10, 12 and 19 were raised to Largely Compliant. Niger remains under enhanced follow-up, with its next report expected in November 2026.