The International Financial Action Task Force (FATF) has formally removed Côte d’Ivoire from its list of jurisdictions under increased monitoring, commonly referred to as the ‘grey list,’ recognizing the country’s substantial reforms in combating money laundering and terrorist financing.
How Côte d’Ivoire achieved this financial breakthrough
A landmark decision by the FATF was announced following its plenary session at the OECD headquarters in Paris. This move follows a series of sweeping reforms implemented by Ivorian authorities to strengthen their national framework in line with global standards against financial crime.
The pillars of Côte d’Ivoire’s financial reforms
According to the official statement from the Ministry of Economy, Finance and Budget, the reforms encompass institutional, legislative, regulatory and operational changes. These efforts align Côte d’Ivoire’s practices with international best practices in anti-money laundering and counter-terrorism financing (AML/CFT).
A unified effort driving success
The minister in charge, Adama Coulibaly, highlighted the critical role of President Alassane Ouattara’s strategic vision and the collaborative work between government agencies and the private sector. Together, they have created a robust system capable of effectively deterring financial crimes.
What this milestone means for Côte d’Ivoire’s global standing
This FATF decision is more than a removal from a watchlist—it is a strong endorsement of Côte d’Ivoire’s financial credibility. The government views this achievement as a call to maintain the reform momentum and ensure the long-term effectiveness of its AML/CFT systems.
Looking ahead: sustaining progress in financial governance
The Ivorian government remains committed to continuing its reform journey. The focus is on reinforcing the gains made and ensuring that the country’s financial sector remains resilient, transparent and aligned with international standards.
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