The Inter Governmental Action Group against Money Laundering in West Africa has published Côte d’Ivoire’s third enhanced follow-up report, concluding that the country has made substantial progress in addressing technical compliance deficiencies identified in its 2023 mutual evaluation. GIABA re-rated nine FATF recommendations under review, upgrading Recommendations 14, 28, 33, 35 and 38 to Compliant and Recommendations 17, 32, 36 and 40 to Largely Compliant. Côte d’Ivoire now has 39 recommendations rated Compliant or Largely Compliant, but it remains in the enhanced follow-up process because of its effectiveness ratings. The report attributes the progress mainly to Côte d’Ivoire’s November 2023 AML/CFT/PF order, which replaced the 2016 AML/CFT law and brought the new West African Economic and Monetary Union uniform AML/CFT framework into domestic law. Additional legislative and regulatory measures strengthened criminal investigations and prosecutions, seizure and confiscation, international cooperation, supervision of reporting entities, targeted financial sanctions, treatment of legal persons and arrangements, and oversight of non-profit organizations. These changes resolved or materially reduced gaps in areas including money or value transfer services, supervision of designated non-financial businesses and professions, cross-border cash and bearer negotiable instrument declarations, AML/CFT statistics, sanctions, implementation of international conventions, and mutual legal assistance on freezing and confiscation. Remaining shortcomings were described as minor, including incomplete third-party reliance rules, some limits in the cash declaration regime, residual issues tied to politically exposed persons and legal-person transparency, and a restriction that prevents the financial intelligence unit from assisting foreign counterparts while criminal proceedings are underway. The next enhanced follow-up report for Côte d’Ivoire is expected in May 2027.

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