CENTIF-Benin
Benin's financial intelligence unit. It receives, analyses, and disseminates suspicious transaction reports to law enforcement and competent authorities.
Africa · Country coverage
AML/CTF Compliance in Benin
Benin regulates AML/CTF through CENTIF-Benin under the WAEMU uniform AML/CFT law. See the obligations and how MemberCheck supports them.
Last updated
Screening coverage for Benin
- Sanctions & PEP screening
- Adverse media checks
- Customer identity verification
- Jurisdiction risk checks
- Ongoing monitoring
Key facts
AML supervisor / FIUCellule Nationale de Traitement des Informations Financières (CENTIF-Benin)
FATF statusGIABA member
Primary legislationLaw 2024-01 of 20 February 2024 on the Fight Against Money Laundering, Terrorist Financing and Proliferation Financing (WAEMU uniform law)
Overview
AML/CTF compliance in Benin.
Benin regulates money laundering and terrorist financing through Law 2024-01 of 20 February 2024, the national transposition of the WAEMU uniform AML/CFT/proliferation-financing framework, supported by CENTIF-Benin, which receives and analyses suspicious transaction reports.
Regulated entities must apply customer due diligence, identify beneficial owners, monitor relationships, and report suspicious activity to CENTIF, alongside supervision from the BCEAO. Supervisors expect a designated compliance officer, sound internal controls, and staff training.
MemberCheck helps teams meet these obligations by screening customers and entities against global sanctions, PEP, and adverse-media data, verifying identities, and monitoring risk continuously, with a clear audit trail behind every decision.
Regulation
All solutions →Key laws and regulators.
Law 2024-01 (WAEMU uniform law)
Benin's principal AML statute, transposing the West African Economic and Monetary Union's uniform AML/CFT/proliferation-financing framework into national law. It replaced the earlier Law 2018-17.
BCEAO supervision
The Central Bank of West African States (BCEAO) supervises banks across the WAEMU zone, including Benin, for AML/CTF compliance, working alongside CENTIF.
GIABA membership
Benin is a member of the Inter-Governmental Action Group against Money Laundering in West Africa, a FATF-style regional body, and aligns its regime with the FATF 40 Recommendations through that membership.
Obligations
What regulated businesses must do.
- Apply customer due diligence and identity verification
- Identify beneficial owners of corporate customers
- Report suspicious transactions to CENTIF-Benin
- Conduct ongoing monitoring of customer relationships
- Maintain internal controls and a compliance officer
- Maintain records and provide staff training
1,000+
Global watchlists screened
<1s
Average screening response
24h
Watchlist refresh cycle
195
Countries covered
FAQ
Common questions.
Who supervises AML/CTF in Benin?
CENTIF-Benin receives and analyses suspicious transaction reports, while the Central Bank of West African States (BCEAO) supervises banks across the WAEMU zone for AML/CTF compliance.
What is the main AML law in Benin?
Law 2024-01 of 20 February 2024, transposing the WAEMU uniform AML/CFT/proliferation-financing framework, sets the customer due diligence, recordkeeping, and reporting obligations for regulated entities in Benin.
Is Benin a member of FATF?
Benin is a member of GIABA, the FATF-style regional body for West Africa, and aligns its AML/CTF regime with the FATF 40 Recommendations through that membership.
How does MemberCheck support AML compliance in Benin?
MemberCheck screens customers and entities against global sanctions, PEP, and adverse-media data, verifies identities, and monitors risk continuously, with an audit trail behind every decision.
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