The Inter Governmental Action Group against Money Laundering in West Africa has published Mali’s sixth enhanced follow-up report and technical compliance re-rating under its mutual evaluation process. The report reviews progress up to 14 May 2025 on 14 FATF Recommendations and concludes that Mali addressed most of the technical compliance deficiencies identified in its 2019 mutual evaluation. Recommendation 5 on terrorist financing, Recommendation 20 on suspicious transaction reporting and Recommendation 38 on mutual legal assistance for freezing and confiscation were upgraded to Compliant from Partially Compliant. Recommendations 8, 16, 19, 22, 23, 24, 25, 26, 28 and 32 were upgraded to Largely Compliant from Partially Compliant or Non-Compliant, while Recommendation 14 on money or value transfer services remained Partially Compliant. GIABA states that Mali exited the enhanced follow-up regime in August 2025 and now has three Recommendations rated Non-Compliant or Partially Compliant, none of them key recommendations. The re-ratings were supported by legislative and regulatory changes including Mali’s 2024 AML/CFT/CPF law, a 2023 law on transparency of legal persons and legal arrangements, a revised Penal Code, an instruction setting cross-border cash declaration thresholds and risk-based supervision tools. The report highlights progress on terrorist financing offences, non-profit organization oversight, wire transfer rules, higher-risk country measures, suspicious transaction reporting, beneficial ownership transparency, trust transparency, supervision of financial institutions and designated non-financial businesses and professions, cash courier controls and international cooperation on seizure and confiscation. Remaining deficiencies include the absence of operational measures to identify unlicensed money or value transfer providers, which kept Recommendation 14 at Partially Compliant, as well as narrower gaps in sanctions, supervisory implementation detail, insurance-sector coverage for higher-risk country measures and coordination arrangements for cash courier controls. The report also notes that this follow-up exercise assesses technical compliance only and does not review the effectiveness of Mali’s AML/CFT system. Mali will inform GIABA of its preparations for an on-site visit for the country’s third round mutual evaluation.
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 13 Mali technical compliance recommendations and confirms exit from enhanced follow-up
GIABA has published Mali’s sixth enhanced follow-up report, upgrading 13 FATF technical compliance recommendations and leaving Recommendation 14 on money or value transfer services at Partially Compliant. The report says Mali has now exited enhanced follow-up, with three remaining Non-Compliant or Partially Compliant ratings and none of them a key recommendation. Mali will next prepare for an on-site visit in its third round mutual evaluation.