SAMIFIN
Madagascar'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 Madagascar
Madagascar regulates AML/CTF through SAMIFIN under Law 2018-043. See the obligations and how MemberCheck supports them.
Last updated
Screening coverage for Madagascar
- Sanctions & PEP screening
- Adverse media checks
- Customer identity verification
- Jurisdiction risk checks
- Ongoing monitoring
Key facts
AML supervisor / FIUSampandraharaha Malagasy Iadiana amin'ny Famotsiam-bola (SAMIFIN)
FATF statusESAAMLG member
Primary legislationLaw 2018-043 on the Fight Against Money Laundering and Terrorist Financing
Overview
AML/CTF compliance in Madagascar.
Madagascar regulates money laundering and terrorist financing through Law 2018-043, supported by SAMIFIN, which receives and analyses suspicious transaction reports.
Regulated entities must apply customer due diligence, identify beneficial owners, monitor relationships, and report suspicious activity to SAMIFIN, alongside supervision from the central bank. 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 2018-043
Madagascar's principal AML statute, setting customer due diligence, recordkeeping, and reporting obligations for financial institutions and other obligated entities.
Banky Foiben'i Madagasikara
The central bank supervises banks and other licensed financial institutions for AML/CTF compliance, working alongside SAMIFIN.
ESAAMLG membership
Madagascar is a member of the Eastern and Southern Africa Anti-Money Laundering Group, 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 SAMIFIN
- 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 Madagascar?
SAMIFIN receives and analyses suspicious transaction reports, while the Banky Foiben'i Madagasikara supervises banks and other licensed financial institutions for AML/CTF compliance.
What is the main AML law in Madagascar?
Law 2018-043 sets the customer due diligence, recordkeeping, and reporting obligations for regulated entities in Madagascar.
Is Madagascar a member of FATF?
Madagascar is a member of ESAAMLG, the FATF-style regional body for Eastern and Southern Africa, and aligns its AML/CTF regime with the FATF 40 Recommendations through that membership.
How does MemberCheck support AML compliance in Madagascar?
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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