World Bank2013-03-262013-03-262009-05-05https://hdl.handle.net/10986/12946The assessment of the Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) regime in Niger was conducted on the basis of the Forty Recommendations and the Nine Special Recommendations on the financing of terrorism drawn up in 2003 and 2001, respectively, by the Financial Action Task Force (FATF), and on the AML/CFT Methodology of 2004. The assessment was based on the laws, regulations, and other materials supplied by the national authorities of Niger, as well as the information gathered in the course of the country visit from June 16 to 27, 2008. During its visit, the assessment team met with the managers and representatives of all the relevant government agencies and the private sector The assessment was conducted by an evaluation team from the World Bank and the Intergovernmental Anti-Money Laundering Group in West Africa (GIABA). To this end, they analyzed the institutional framework, the AML/CFT laws and regulations, regulations, guidelines and other obligations, as well as regulatory or other regimes in force in Niger for combating money laundering and the financing of terrorism. The capacity, implementation, and effectiveness of all these mechanisms were assessed as well. This report provides a summary of the AML/CFT measures in force in Niger as at the date of the on-site visit or immediately thereafter. It describes and analyzes those measures, and makes recommendations on how certain aspects of the system could be strengthened. It also sets out Niger s level of compliance with the FATF 40+9 Recommendations.en-USCC BY 3.0 IGOABUSEACCOUNTINGAGRICULTURAL SECTORANTI-MONEY LAUNDERINGASSET MANAGEMENTASSETSAUDITORAUDITORSAUTOMATIC TELLERBALANCE SHEETBANK ACCOUNTSBANK ASSETSBANK CREDITSBANK CUSTOMERSBANKING INSTITUTIONSBANKING LAWBANKING NETWORKBANKING SECTORBANKING SERVICESBANKSBONDSBROKERAGEBROKERAGE FIRMBROKERAGESBROKERSCENTRAL BANKCENTRAL SECURITIES DEPOSITORYCERTIFICATES OF DEPOSITCHECKING ACCOUNTCHECKING ACCOUNTSCHECKSCIVIL LAWCOLLECTIVE INVESTMENTSCOMMERCIAL BANKSCOMMERCIAL CODECOMMERCIAL LAWCOMMERCIAL LAWSCOMMUNITY DEVELOPMENTCONFIDENTIALITYCONSUMER LOANSCOOPERATIVESCORRUPTIONCOURT SUPERVISIONCREDIT INSTITUTIONSCREDIT REGISTRYCRIMECRIMESCRIMINALCRIMINAL LAWCRIMINAL LIABILITYCRIMINAL SANCTIONSCRIMINALITYCRIMINALSCROSS-BORDER COOPERATIONCROSS-BORDER TRANSACTIONSCURRENCYCUSTOMER BASEDECENTRALIZATIONDEPOSITDEPOSITSDRUG TRAFFICKINGDUE DILIGENCEECONOMIC ACTIVITYELECTRONIC FUNDSELECTRONIC TRANSFERSENFORCEMENT AGENCIESENROLLMENTEQUIPMENTETHICSEXCLUSIONEXTRADITIONFERTILITY RATEFINANCIAL ASSETSFINANCIAL CRIMEFINANCIAL CRIMESFINANCIAL EXPERTISEFINANCIAL INFORMATIONFINANCIAL INSTITUTIONFINANCIAL INSTITUTIONSFINANCIAL INTELLIGENCEFINANCIAL INTELLIGENCE UNITFINANCIAL INTERMEDIATIONFINANCIAL MARKETFINANCIAL MARKETSFINANCIAL RESOURCESFINANCIAL SECTOR ASSESSMENTFINANCIAL SERVICEFINANCIAL SERVICESFINANCIAL SYSTEMSFINANCIAL TRANSACTIONSFOREIGN BANKSFOREIGN EXCHANGEFOREIGN EXCHANGE TRANSACTIONSFORMAL BANKINGFORMAL BANKING SYSTEMFORMAL FINANCIAL SECTORFORMAL FINANCIAL SERVICESFRAUDFUNGIBLEGANGGROSS DOMESTIC PRODUCTGROWTH RATEHARMONIZATIONHOLDINGSHOUSEHOLDSHUMAN DEVELOPMENTHUMAN RESOURCESIMMOVABLE ASSETSINFORMATION PROCESSINGINITIATIVEINSIDER DEALINGINSURANCEINSURANCE COMPANIESINSURANCE MARKETSINTANGIBLEINTEGRITYINTERMEDIARY BANKINTERNAL AUDITSINTERNAL CONTROLSINTERNATIONAL COOPERATIONINTERNATIONAL LAWINTERNATIONAL STANDARDINTERNATIONAL STANDARDSINTERNATIONAL TRADEINVESTIGATIONINVESTIGATIONSINVESTIGATORSINVESTMENT FUNDSJOINT STOCK COMPANIESJOINT STOCK COMPANYJUDICIARYJURISDICTIONJURISDICTIONSJUSTICELAW ENFORCEMENTLAWYERSLEGAL AUTHORITYLEGAL FRAMEWORKLEGAL INSTRUMENTSLEGAL RISKSLEGAL SYSTEMLEGISLATIVE FRAMEWORKLETTERS OF CREDITLIABILITYLIFE EXPECTANCYLIFE INSURANCELIFE INSURANCE COMPANYLIFE INSURANCE PRODUCTSLIMITED ACCESSLIMITED LIABILITYLIMITED LIABILITY COMPANIESLIMITED PARTNERSHIPLOANLOAN INSTITUTIONSLOCAL BANKLOCAL BANKSLOCAL ECONOMYMARKET INTERMEDIARYMFIMICROFINANCEMICROFINANCE INSTITUTIONMICROFINANCE INSTITUTIONSMICROFINANCE SECTORMINISTERSMISAPPROPRIATIONMONEY LAUNDERINGMONEY ORDERSMONEY TRANSFERMUTUAL FUNDMUTUAL FUNDSMUTUAL LEGAL ASSISTANCENATIONAL LAWNONPROFIT ORGANIZATIONSNOTARIESOFFENSEOFFENSESPAYMENT ORDERSPENALTIESPENALTYPENETRATION RATEPENSIONPENSION FUNDSPERCEPTION OF CORRUPTIONPERSONAL PROPERTYPOLICEPORTFOLIOPOST OFFICEPROCUREMENTPROFITABILITYPROSECUTIONPROSECUTIONSPROSECUTORPROSECUTORSPRUDENTIAL SUPERVISIONPUBLIC FUNDSPUBLIC OFFICERSPUBLIC SAVINGSREAL ESTATERECEIPTREGISTRATION REQUIREMENTSREGULATORY REQUIREMENTSREINSURANCERESERVESROBBERYSANCTIONSANCTIONSSAVINGSSAVINGS ACCOUNTSSAVINGS BANKSSAVINGS INSTRUMENTSAVINGS PRODUCTSSECURITIESSECURITIES EXCHANGESEIZURESEIZURESSETTLEMENTSMALL BANKSSMALL SAVERSSOURCE OF INCOMESTOCK EXCHANGESTOCK MARKETSUPERVISORY AUTHORITIESTAXTAX EXEMPTIONSTELECOMMUNICATIONSTERRORISMTHEFTTIME DEPOSITSTRADINGTRANSACTIONTRANSPARENCYTREASURYTREATYTURNOVERUNIONWOMANWorld Bank10.1596/12946