The Central Bank of Mauritania (BCM) has signed a joint banking compliance charter with the Mauritanian Unit of financial investigation (UMEF) and the managers of banks operating in the country. This agreement was concluded on the sidelines of the monthly consultation meeting between the Central Bank and the primary banks, marking an important step in strengthening the regulatory framework for the Mauritanian banking sector.

Through this pact, all actors of the national banking system reaffirm their collective commitment to consolidate compliance mechanisms and to strengthen mechanisms to combat money laundering and the financing of terrorism, in line with national and international standards in force.

The governor of the Central Bank of Mauritania, Mohamed Lemine Dehbi, emphasized that the signing of this charter represents a major step forward towards better governance of the sector financial. According to him, the initiative will contribute to improving the quality of data, to strengthen banking supervision and to ensure more transparency and efficiency in the functioning of institutions financial.

The banking compliance pact aims at also to harmonize the actions of the Central Bank, banks commercial and financial intelligence unit. It provides for a strengthening compliance with precautionary measures, in particular with regard to reporting suspicious transactions, and encourages the lasting anchoring of a genuine compliance culture within banking institutions.

Ultimately, this approach should allow to consolidate the credibility of the Mauritanian banking system, to strengthen the confidence of financial partners and to improve the country's integration into regional and international financial circuits.