{
 "jurisdiction_id": "SN",
 "jurisdiction": "Senegal",
 "url": "https://payments.gi/jurisdictions/senegal/",
 "generator": "render_jid v13.3.0",
 "date_modified": "2026-08-11",
 "schema_version": "world-payments-v1",
 "counts": {
  "modules": 14,
  "sourced_findings": 59,
  "source_register": 70
 },
 "modules": [
  {
   "code": "W1a",
   "name": "Licensing, Authorisation & Market Access",
   "confidence": "High",
   "moved_this_cycle": true,
   "url": "https://payments.gi/jurisdictions/senegal/#w1a-licensing-authorisation-market-access",
   "standing_position": "Senegal's payments regime sits within the WAEMU/UMOA regional framework: BCEAO licenses and supervises Payment Institutions and Electronic Money Institutions under Instruction n°001-01-2024, with a hard compliance deadline enforced from 1 September 2025, and Senegal's own 2025 Banking Law sets national legal-form and capital rules.",
   "findings": [
    {
     "finding": null,
     "instrument_type": "BCEAO Instruction n°001-01-2024 (23 Jan 2024) on payment services in the UMOA",
     "source": "https://www.bceao.int/sites/default/files/inline-files/Instruction-No001-01-2024_relative_aux_services_de_paiement_dans_l-UMOA.pdf",
     "source_url": "https://www.bceao.int/sites/default/files/inline-files/Instruction-No001-01-2024_relative_aux_services_de_paiement_dans_l-UMOA.pdf",
     "source_tier": "1",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "PI licence / EMI licence",
     "source": "https://lawzana.com/legal-questions/senegal/what-are-the-licensing-requirements-for-fintech-and-mobile-money-providers-under-bceao-in-senegal-and-whats-the-typical-approval-timeline-2466",
     "source_url": "https://lawzana.com/legal-questions/senegal/what-are-the-licensing-requirements-for-fintech-and-mobile-money-providers-under-bceao-in-senegal-and-whats-the-typical-approval-timeline-2466",
     "source_tier": "3",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "BCEAO licensing deadline notice",
     "source": "https://launchbaseafrica.com/2025/09/15/senegal-scrambles-to-finalize-new-mobile-money-taxes-as-bceaos-instant-payment-system-nears/",
     "source_url": "https://launchbaseafrica.com/2025/09/15/senegal-scrambles-to-finalize-new-mobile-money-taxes-as-bceaos-instant-payment-system-nears/",
     "source_tier": "3",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "Instruction n°001-01-2024 compliance data",
     "source": "https://digitalfrontiersinstitute.org/reglementation-des-fintechs-dans-luemoa-entre-rigueur-necessaire-et-accompagnement-attendu/",
     "source_url": "https://launchbaseafrica.com/2025/09/15/senegal-scrambles-to-finalize-new-mobile-money-taxes-as-bceaos-instant-payment-system-nears/",
     "source_tier": "3",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "Banking Law of 2025 (Senegal)",
     "source": "https://practiceguides.chambers.com/practice-guides/banking-regulation-2026/senegal/trends-and-developments",
     "source_url": "https://launchbaseafrica.com/2025/09/15/senegal-scrambles-to-finalize-new-mobile-money-taxes-as-bceaos-instant-payment-system-nears/",
     "source_tier": "3",
     "retrieved_at": null
    }
   ]
  },
  {
   "code": "W1b",
   "name": "Conduct, Safeguarding & Financial Promotions",
   "confidence": "High",
   "moved_this_cycle": false,
   "url": "https://payments.gi/jurisdictions/senegal/#w1b-conduct-safeguarding-financial-promotions",
   "standing_position": "EMI safeguarding via Instruction n°008-05-2015 (75% demand-deposit float rule); 2025 Banking Law adds Financial Innovation Laboratory and agent framework.",
   "findings": [
    {
     "finding": null,
     "instrument_type": "BCEAO Instruction n°008-05-2015 (8 May 2015) on e-money issuers",
     "source": "https://www.bceao.int/sites/default/files/2017-11/instruction_no008_05_2015_intranet.pdf",
     "source_url": "https://www.bceao.int/sites/default/files/2017-11/instruction_no008_05_2015_intranet.pdf",
     "source_tier": "1",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "EMI safeguarding rule",
     "source": "https://lawzana.com/legal-questions/senegal/what-are-the-licensing-requirements-for-fintech-and-mobile-money-providers-under-bceao-in-senegal-and-whats-the-typical-approval-timeline-2466",
     "source_url": "https://practiceguides.chambers.com/practice-guides/banking-regulation-2026/senegal/trends-and-developments",
     "source_tier": "3",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "Banking Law 2025 – Financial Innovation Laboratory",
     "source": "https://practiceguides.chambers.com/practice-guides/banking-regulation-2026/senegal/trends-and-developments",
     "source_url": "https://practiceguides.chambers.com/practice-guides/banking-regulation-2026/senegal/trends-and-developments",
     "source_tier": "3",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "conduct/competition dispute",
     "source": "https://www.theafricareport.com/97171/senegal-cote-divoire-wave-the-fintech-thats-shaking-up-the-mobile-money-industry/",
     "source_url": "https://practiceguides.chambers.com/practice-guides/banking-regulation-2026/senegal/trends-and-developments",
     "source_tier": "4",
     "retrieved_at": null
    }
   ]
  },
  {
   "code": "W2",
   "name": "Stablecoins & Digital Money",
   "confidence": "Assessed",
   "moved_this_cycle": false,
   "url": "https://payments.gi/jurisdictions/senegal/#w2-stablecoins-digital-money",
   "standing_position": "No bespoke stablecoin regime; e-CFA CBDC in development, launch date unconfirmed (corrected from prior conflation with 30 Sept 2025 PI-SPI launch).",
   "findings": [
    {
     "finding": null,
     "instrument_type": "e-CFA CBDC pilot",
     "source": "https://www.cryptosua.com/la-bceao-lance-officiellement-le-e-cfa-mais-que-dit-laes/",
     "source_url": "https://www.bceao.int/en/evenement/conference-internationale-sur-les-crypto-actifs-et-innovations-numeriques",
     "source_tier": "3",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "BCEAO 2026 crypto-assets conference",
     "source": "https://www.bceao.int/en/evenement/conference-internationale-sur-les-crypto-actifs-et-innovations-numeriques",
     "source_url": "https://leconomistesenegal.com/e%E2%80%91cfa-de-la-bceao-si-les-banques-commerciales-vont-elles-survivre/",
     "source_tier": "1",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "e-CFA origin structure",
     "source": "https://www.blockchaindailynews.com/eCFA-le-Senegal-adopte-une-monnaie-numerique-nationale_a24814.html",
     "source_url": "https://leconomistesenegal.com/e%E2%80%91cfa-de-la-bceao-si-les-banques-commerciales-vont-elles-survivre/",
     "source_tier": "4",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "e-CFA commentary",
     "source": "https://leconomistesenegal.com/e%E2%80%91cfa-de-la-bceao-si-les-banques-commerciales-vont-elles-survivre/",
     "source_url": "https://leconomistesenegal.com/e%E2%80%91cfa-de-la-bceao-si-les-banques-commerciales-vont-elles-survivre/",
     "source_tier": "4",
     "retrieved_at": null
    }
   ]
  },
  {
   "code": "W3",
   "name": "Operational Resilience & Critical Infrastructure",
   "confidence": "High",
   "moved_this_cycle": false,
   "url": "https://payments.gi/jurisdictions/senegal/#w3-operational-resilience-critical-infrastructure",
   "standing_position": "BCEAO manages SICA-UEMOA and STAR-UEMOA under Regulation n°15/2002/CM/WAMU; GIM-UEMOA holds PCI DSS 4.0.1 Level-1 certification.",
   "findings": [
    {
     "finding": null,
     "instrument_type": "Regulation n°15/2002/CM/WAMU on payment systems",
     "source": "https://www.bceao.int/en/content/payment-systems-management",
     "source_url": "https://www.bceao.int/en/content/payment-systems-management",
     "source_tier": "1",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "PCI DSS Level-1 certification",
     "source": "https://www.gim-uemoa.org/fr/politique-securitaire",
     "source_url": "https://www.gim-uemoa.org/fr/politique-securitaire",
     "source_tier": "2",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "PCI DSS card compliance data",
     "source": "https://www.droitmediasfinance.com/index.php/actualites/droit-tech-fintech/888-uemoa-gim-uemoa-sur-8-millions-de-cartes-bancaires-en-circulation-en-2023-96-7-en-conformite-avec-la-norme-pci-dss",
     "source_url": "https://www.gim-uemoa.org/fr/politique-securitaire",
     "source_tier": "3",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "BCEAO resilience/cybersecurity agenda",
     "source": "https://www.bceao.int/en/evenement/conference-internationale-sur-les-crypto-actifs-et-innovations-numeriques",
     "source_url": "https://www.gim-uemoa.org/fr/politique-securitaire",
     "source_tier": "1",
     "retrieved_at": null
    }
   ]
  },
  {
   "code": "W4",
   "name": "Scheme & Network Compliance",
   "confidence": "High",
   "moved_this_cycle": false,
   "url": "https://payments.gi/jurisdictions/senegal/#w4-scheme-network-compliance",
   "standing_position": "GIM-UEMOA governs card interoperability under Décision n°31/2015; Visa/Mastercard co-badging via GIM-VISA/GIM-Mastercard.",
   "findings": [
    {
     "finding": null,
     "instrument_type": "GIM-UEMOA governance / interbank card scheme",
     "source": "https://www.bceao.int/fr/content/monetique-interbancaire-regionale",
     "source_url": "https://www.bceao.int/fr/content/monetique-interbancaire-regionale",
     "source_tier": "1",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "Décision N°31 du 29/09/2015/CM/UMOA",
     "source": "https://www.bceao.int/fr/reglementations/reglementation-des-systemes-de-paiement",
     "source_url": "https://www.droitmediasfinance.com/index.php/actualites/droit-tech-fintech/888-uemoa-gim-uemoa-sur-8-millions-de-cartes-bancaires-en-circulation-en-2023-96-7-en-conformite-avec-la-norme-pci-dss",
     "source_tier": "1",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "Card issuance market share data",
     "source": "https://www.droitmediasfinance.com/index.php/actualites/droit-tech-fintech/888-uemoa-gim-uemoa-sur-8-millions-de-cartes-bancaires-en-circulation-en-2023-96-7-en-conformite-avec-la-norme-pci-dss",
     "source_url": "https://www.droitmediasfinance.com/index.php/actualites/droit-tech-fintech/888-uemoa-gim-uemoa-sur-8-millions-de-cartes-bancaires-en-circulation-en-2023-96-7-en-conformite-avec-la-norme-pci-dss",
     "source_tier": "3",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "GIM-Switch interoperability platform",
     "source": "https://www.gim-uemoa.org/solutions-services/gim-switch",
     "source_url": "https://www.droitmediasfinance.com/index.php/actualites/droit-tech-fintech/888-uemoa-gim-uemoa-sur-8-millions-de-cartes-bancaires-en-circulation-en-2023-96-7-en-conformite-avec-la-norme-pci-dss",
     "source_tier": "2",
     "retrieved_at": null
    }
   ]
  },
  {
   "code": "W5",
   "name": "Payment Corridor Dynamics",
   "confidence": "High",
   "moved_this_cycle": true,
   "url": "https://payments.gi/jurisdictions/senegal/#w5-payment-corridor-dynamics",
   "standing_position": "PI-SPI and PAPSS overlapping corridor infrastructure; Senegal leads WAEMU with 15/62 PI-SPI participants.",
   "findings": [
    {
     "finding": null,
     "instrument_type": "PI-SPI authorised participant list",
     "source": "https://www.financialafrik.com/2025/10/06/pi-spi-liste-des-62-institutions-autorisees-par-la-bceao-a-ouvrir-les-services-au-public-dans-luemoa/",
     "source_url": "https://www.financialafrik.com/2025/10/06/pi-spi-liste-des-62-institutions-autorisees-par-la-bceao-a-ouvrir-les-services-au-public-dans-luemoa/",
     "source_tier": "3",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "PAPSS / regional instant payment systems",
     "source": "https://www.africanenda.org/en/blog/2025/the-next-frontier-of-africas-financial-integration",
     "source_url": "https://www.africanenda.org/en/blog/2025/the-next-frontier-of-africas-financial-integration",
     "source_tier": "3",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "Corridor transparency / wallet interoperability",
     "source": "https://blog.useaccrue.com/the-future-of-cross-african-payments-opportunities-and-regulatory-pinch-points/",
     "source_url": "https://www.africanenda.org/en/blog/2025/the-next-frontier-of-africas-financial-integration",
     "source_tier": "3",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "BCEAO interoperability project (since 2022)",
     "source": "https://www.osiris.sn/interoperabilite-financiere-ce-n-est-plus-une-option.html",
     "source_url": "https://www.africanenda.org/en/blog/2025/the-next-frontier-of-africas-financial-integration",
     "source_tier": "3",
     "retrieved_at": null
    }
   ]
  },
  {
   "code": "W6",
   "name": "Industry Structure & Commercial Dynamics",
   "confidence": "High",
   "moved_this_cycle": false,
   "url": "https://payments.gi/jurisdictions/senegal/#w6-industry-structure-commercial-dynamics",
   "standing_position": "Mobile-money-led market: Wave 50-70%, Orange Money 25-30%, Free Money 5-10% of P2P share; 26 registered banks.",
   "findings": [
    {
     "finding": null,
     "instrument_type": "market share data",
     "source": "https://www.hub2.io/understand-how-people-pay-in-senegal/",
     "source_url": "https://www.hub2.io/understand-how-people-pay-in-senegal/",
     "source_tier": "3",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "Sector trade body / usage data",
     "source": "https://www.ecofinagency.com/news/1909-48843-senegal-faces-backlash-as-1-mobile-money-tax-threatens-growth",
     "source_url": "https://www.trade.gov/country-commercial-guides/senegal-trade-financing",
     "source_tier": "3",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "Banking sector structure",
     "source": "https://www.trade.gov/country-commercial-guides/senegal-trade-financing",
     "source_url": "https://www.trade.gov/country-commercial-guides/senegal-trade-financing",
     "source_tier": "2",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "BCSF-UEMOA fintech census",
     "source": "https://www.bceao.int/fr/content/fintech-et-digitalisation-des-services-financiers-dans-luemoa",
     "source_url": "https://www.trade.gov/country-commercial-guides/senegal-trade-financing",
     "source_tier": "1",
     "retrieved_at": null
    }
   ]
  },
  {
   "code": "W7",
   "name": "Legal & Litigation",
   "confidence": "High",
   "moved_this_cycle": false,
   "url": "https://payments.gi/jurisdictions/senegal/#w7-legal-litigation",
   "standing_position": "High-volume mobile-money fraud prosecutions via DSC/Dakar prosecutor; periodic UMOA Banking Commission disciplinary sanctions.",
   "findings": [
    {
     "finding": null,
     "instrument_type": "Banking Commission disciplinary sanctions",
     "source": "https://www.bceao.int/",
     "source_url": "https://www.bceao.int/",
     "source_tier": "1",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "fraud prosecution",
     "source": "https://www.senenews.com/actualites/arnaque-attention-a-vos-comptes-wave-et-orange-money-ce-que-la-section-de-recherches-a-decouvert_574089.html",
     "source_url": "https://www.seneweb.com/fr/news/Societe/60-plaintes-et-13-arrestations-150-milli_n_362921.html",
     "source_tier": "4",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "fraud prosecution / insider complicity",
     "source": "https://www.seneweb.com/fr/news/Societe/60-plaintes-et-13-arrestations-150-milli_n_362921.html",
     "source_url": "https://www.seneweb.com/fr/news/Societe/60-plaintes-et-13-arrestations-150-milli_n_362921.html",
     "source_tier": "4",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "regulatory/competition dispute",
     "source": "https://www.theafricareport.com/97171/senegal-cote-divoire-wave-the-fintech-thats-shaking-up-the-mobile-money-industry/",
     "source_url": "https://www.seneweb.com/fr/news/Societe/60-plaintes-et-13-arrestations-150-milli_n_362921.html",
     "source_tier": "4",
     "retrieved_at": null
    }
   ]
  },
  {
   "code": "W8",
   "name": "Merchant Acquiring & Risk",
   "confidence": "High",
   "moved_this_cycle": false,
   "url": "https://payments.gi/jurisdictions/senegal/#w8-merchant-acquiring-risk",
   "standing_position": "Acquiring centralised via GIM-UEMOA ACU/ACI schemes; new 0.5%/1.5% mobile-money transaction taxes from Sept 2025.",
   "findings": [
    {
     "finding": null,
     "instrument_type": "Acquisition Commerçant Unique / Interbancaire",
     "source": "https://www.bceao.int/fr/content/monetique-interbancaire-regionale",
     "source_url": "https://www.bceao.int/fr/content/monetique-interbancaire-regionale",
     "source_tier": "1",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "Merchant licensing exemption",
     "source": "https://payatlas.com/countries/senegal-sn",
     "source_url": "https://www.theafricareport.com/392624/senegals-mobile-money-tax-sparks-stand-off-with-operators/",
     "source_tier": "4",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "merchant transaction levy",
     "source": "https://www.theafricareport.com/392624/senegals-mobile-money-tax-sparks-stand-off-with-operators/",
     "source_url": "https://www.theafricareport.com/392624/senegals-mobile-money-tax-sparks-stand-off-with-operators/",
     "source_tier": "4",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "prepaid card / merchant acceptance platform",
     "source": "https://www.gim-uemoa.org/fr/solutions-et-services/GIM-acc%C3%A9s-aux-r%C3%A9seaux-internationaux",
     "source_url": "https://www.theafricareport.com/392624/senegals-mobile-money-tax-sparks-stand-off-with-operators/",
     "source_tier": "2",
     "retrieved_at": null
    }
   ]
  },
  {
   "code": "W9",
   "name": "Product Innovation & Market Development",
   "confidence": "Assessed",
   "moved_this_cycle": false,
   "url": "https://payments.gi/jurisdictions/senegal/#w9-product-innovation-market-development",
   "standing_position": "PI-SPI launched 30 Sept 2025; e-CFA CBDC pilot in parallel development (launch date unconfirmed); Financial Innovation Laboratory sandbox active.",
   "findings": [
    {
     "finding": null,
     "instrument_type": "PI-SPI connection deadline extension",
     "source": "https://www.bceao.int/",
     "source_url": "https://www.bceao.int/",
     "source_tier": "1",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "PI-SPI real-conditions testing",
     "source": "https://www.osiris.sn/interoperabilite-financiere-ce-n-est-plus-une-option.html",
     "source_url": "https://practiceguides.chambers.com/practice-guides/banking-regulation-2026/senegal/trends-and-developments",
     "source_tier": "3",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "BCEAO Financial Innovation Laboratory",
     "source": "https://practiceguides.chambers.com/practice-guides/banking-regulation-2026/senegal/trends-and-developments",
     "source_url": "https://practiceguides.chambers.com/practice-guides/banking-regulation-2026/senegal/trends-and-developments",
     "source_tier": "3",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "cross-border remittance partnership",
     "source": "https://leadiq.com/c/wave-mobile-money/5dc9b8e41b6efee69248a726",
     "source_url": "https://practiceguides.chambers.com/practice-guides/banking-regulation-2026/senegal/trends-and-developments",
     "source_tier": "4",
     "retrieved_at": null
    }
   ]
  },
  {
   "code": "W10",
   "name": "Consumer Protection & APP Fraud",
   "confidence": "Assessed",
   "moved_this_cycle": false,
   "url": "https://payments.gi/jurisdictions/senegal/#w10-consumer-protection-app-fraud",
   "standing_position": "BCEAO sole FCP authority; no mandatory APP-fraud reimbursement scheme; UNCS opposes 2025 mobile-money tax.",
   "findings": [
    {
     "finding": null,
     "instrument_type": "Regional financial consumer protection authority",
     "source": "https://documents1.worldbank.org/curated/en/903901513579161990/pdf/122088-WP-PUBLIC-Regulatory-Framework-for-DFS-in-Cote-d-Ivoire-Nov-2017.pdf",
     "source_url": "https://documents1.worldbank.org/curated/en/903901513579161990/pdf/122088-WP-PUBLIC-Regulatory-Framework-for-DFS-in-Cote-d-Ivoire-Nov-2017.pdf",
     "source_tier": "2",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "APP-fraud consumer guidance",
     "source": "https://jangaantech.com/arnaques-orange-money-wave-senegal/",
     "source_url": "https://www.seneweb.com/en/news/Economie/mobile-money-tax-uncs-sounds-the-alarm_n_468067.html",
     "source_tier": "4",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "consumer advocacy",
     "source": "https://www.seneweb.com/en/news/Economie/mobile-money-tax-uncs-sounds-the-alarm_n_468067.html",
     "source_url": "https://www.seneweb.com/en/news/Economie/mobile-money-tax-uncs-sounds-the-alarm_n_468067.html",
     "source_tier": "4",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "APP fraud pattern",
     "source": "https://www.osiris.sn/Code-toxique-faux-agent-telephone.html",
     "source_url": "https://www.seneweb.com/en/news/Economie/mobile-money-tax-uncs-sounds-the-alarm_n_468067.html",
     "source_tier": "4",
     "retrieved_at": null
    }
   ]
  },
  {
   "code": "W11",
   "name": "AML/CFT & Financial Crime",
   "confidence": "Confirmed",
   "moved_this_cycle": false,
   "url": "https://payments.gi/jurisdictions/senegal/#w11-aml-cft-financial-crime",
   "standing_position": "Senegal exited FATF grey list Oct 2024; GIABA upgraded 11 Recommendations Nov 2024; CENTIF STR volumes rising.",
   "findings": [
    {
     "finding": null,
     "instrument_type": "sentinel.centif_str_volume",
     "source": "https://blog.voveid.com/kyc-compliance-in-senegal-2025-guide-for-fintechs-and-regulated-businesses/",
     "source_url": "https://www.fatf-gafi.org/content/dam/fatf-gafi/fsrb-fur/GIABA-Senegal-FUR-2024.pdf.coredownload.pdf",
     "source_tier": "4",
     "retrieved_at": null
    },
    {
     "finding": "Senegal's AML/CFT regime rests on Uniform Law No. 2024-08 (14 Feb 2024), transposing UEMOA/WAEMU Directive 01/2023 and replacing the 2018-03 Act. CENTIF is the FIU; GIABA (FATF-style regional body) conducts mutual evaluations; BCEAO provides regional monetary/prudential oversight across eight UEMOA states. Senegal exited FATF's increased-monitoring list in October 2024 and the EU's high-risk third-country list in June 2025 after a 2021-2024 action plan.",
     "instrument_type": "assessment",
     "source": "FIM (sentinel.gi) per-JID baseline profile — Senegal",
     "source_url": null,
     "source_tier": null,
     "retrieved_at": null
    },
    {
     "finding": "Gap: absent-field-provenance",
     "instrument_type": "gap",
     "source": "FIM (sentinel.gi) gaps_register_cumulative (issue FIM-BASE-GAP-006)",
     "source_url": null,
     "source_tier": null,
     "retrieved_at": null
    },
    {
     "finding": "Gap: political-constraint",
     "instrument_type": "gap",
     "source": "FIM (sentinel.gi) gaps_register_cumulative (issue FIM-BASE-GAP-005)",
     "source_url": null,
     "source_tier": null,
     "retrieved_at": null
    },
    {
     "finding": "Gap: regulatory-failure",
     "instrument_type": "gap",
     "source": "FIM (sentinel.gi) gaps_register_cumulative (issue FIM-BASE-GAP-003)",
     "source_url": null,
     "source_tier": null,
     "retrieved_at": null
    },
    {
     "finding": "Gap: enforcement-absence",
     "instrument_type": "gap",
     "source": "FIM (sentinel.gi) gaps_register_cumulative (issue FIM-BASE-GAP-002)",
     "source_url": null,
     "source_tier": null,
     "retrieved_at": null
    }
   ]
  },
  {
   "code": "W12",
   "name": "Correspondent Banking, Settlement & Access",
   "confidence": "High",
   "moved_this_cycle": true,
   "url": "https://payments.gi/jurisdictions/senegal/#w12-correspondent-banking-settlement-access",
   "standing_position": "WAEMU 50% FX-reserve-at-French-Treasury arrangement underpins correspondent confidence; Citibank sole US direct presence; Basel II/III-aligned prudential framework.",
   "findings": [
    {
     "finding": null,
     "instrument_type": "FX reserve / correspondent arrangement",
     "source": "https://www.trade.gov/country-commercial-guides/senegal-trade-financing",
     "source_url": "https://www.trade.gov/country-commercial-guides/senegal-trade-financing",
     "source_tier": "2",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "Décision N°013-24-06/CM/WAEMU (prudential framework)",
     "source": "https://practiceguides.chambers.com/practice-guides/banking-regulation-2025/senegal/trends-and-developments",
     "source_url": "https://practiceguides.chambers.com/practice-guides/banking-regulation-2025/senegal/trends-and-developments",
     "source_tier": "3",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "Systemically important bank designation",
     "source": "https://www.legal500.com/guides/chapter/senegal-banking-finance/?export-pdf=",
     "source_url": "https://practiceguides.chambers.com/practice-guides/banking-regulation-2025/senegal/trends-and-developments",
     "source_tier": "3",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "de-risking context",
     "source": "https://www.trustsphere.ai/post/the-de-risking-dilemma-balancing-correspondent-banking-access-with-financial-crime-controls",
     "source_url": "https://practiceguides.chambers.com/practice-guides/banking-regulation-2025/senegal/trends-and-developments",
     "source_tier": "4",
     "retrieved_at": null
    }
   ]
  },
  {
   "code": "W13",
   "name": "Commercial Intelligence & Fintech",
   "confidence": "Assessed",
   "moved_this_cycle": false,
   "url": "https://payments.gi/jurisdictions/senegal/#w13-commercial-intelligence-fintech",
   "standing_position": "Trailing-12-month activity dominated by Wave's $137M debt round, Cameroon entry, TerraPay partnership, and BCEAO's PI-SPI launch.",
   "findings": [
    {
     "finding": null,
     "instrument_type": "commercial_event: debt financing",
     "source": "https://fintechnews.africa/45533/senegal/wave-137m-debt-funding/",
     "source_url": "https://fintechnews.africa/45533/senegal/wave-137m-debt-funding/",
     "source_tier": "4",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "commercial_event: market entry",
     "source": "https://dabafinance.com/en/news/wave-raises-137m-debt-round-mobile-money-expansion-africa-2025",
     "source_url": "https://dabafinance.com/en/news/wave-raises-137m-debt-round-mobile-money-expansion-africa-2025",
     "source_tier": "4",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "commercial_event: partnership",
     "source": "https://leadiq.com/c/wave-mobile-money/5dc9b8e41b6efee69248a726",
     "source_url": "https://www.financialafrik.com/2025/10/06/pi-spi-liste-des-62-institutions-autorisees-par-la-bceao-a-ouvrir-les-services-au-public-dans-luemoa/",
     "source_tier": "4",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "commercial_event: infrastructure product launch",
     "source": "https://www.cryptosua.com/la-bceao-lance-officiellement-le-e-cfa-mais-que-dit-laes/",
     "source_url": "https://leadiq.com/c/wave-mobile-money/5dc9b8e41b6efee69248a726",
     "source_tier": "3",
     "retrieved_at": null
    }
   ]
  }
 ]
}