Burkina Faso: Government at war against money laundering and terrorist financing

Under the leadership of President Captain Ibrahim Traoré, Burkina Faso’s transitional government has taken decisive steps to fortify defences against money laundering and terrorism financing.

An initial draft of the Customs Code was approved during a cabinet meeting on Wednesday, July 17, 2024.

This revised Customs Code aims to align with the current realities faced by the “land of upright people,” which confronts significant security challenges.

The updates to the Customs Code, driven by national authorities, focus primarily on provisions designed to effectively combat money laundering and terrorism financing.

Significantly, new legal measures have been introduced to enhance control over the importation of arms into Burkina Faso, a critical step in disrupting the capabilities of terrorist groups that threaten the Burkinabe people.

Addressing these societal issues is seen as crucial in the ongoing fight against terrorism.

The transitional government views this legislative advancement as pivotal in their tireless battle against national adversaries.

In addition to these new provisions, the proposed new Customs Code also incorporates regulations governing national and international e-commerce, aiming to bolster resource collection frameworks.

This initiative underscores Burkina Faso’s commitment to enhancing national security and economic integrity while navigating complex global challenges.