The Inter-Governmental Action Group against Money Laundering in West Africa has published the Union of the Comoros' second enhanced follow-up report, concluding that the country has made sufficient progress to secure 13 technical compliance re-ratings under the FATF framework. Comoros was upgraded to Compliant for Recommendations 2 on national cooperation and coordination, 26 on supervision of financial institutions and 35 on sanctions, and to Largely Compliant for Recommendations 1, 6, 7, 10, 17, 22, 24, 28, 29 and 40. The report links most of that progress to the adoption of a new AML/CFT/CPF law on June 30, 2025, alongside changes to the Central Bank of the Comoros' statute and capacity-building for investigative and prosecutorial authorities. The new framework strengthened the country's risk-based AML/CFT regime, extended and clarified supervision of financial institutions and designated non-financial businesses and professions, improved customer due diligence and reliance on third parties, created stronger beneficial ownership rules, and expanded the legal basis for targeted financial sanctions, Financial Intelligence Unit powers, sanctions and international cooperation. GIABA nonetheless identified remaining gaps, including incomplete national risk assessment coverage for legal entities, nonprofit organizations and virtual assets, the absence of some guidance for obliged entities on sanctions implementation and delisting, the lack of Egmont Group membership for the FIU, and unresolved weaknesses in parts of international cooperation and beneficial ownership transparency. Comoros now has 36 recommendations rated Compliant or Largely Compliant, but it will remain under the Enhanced Follow-Up process because of its overall performance and effectiveness ratings. The next enhanced follow-up report is expected in May 2027.

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