BFM (Banky Foiben’i Madagasikara) and SAMIFIN (Madagascar Financial Intelligence Service) signed a partnership agreement or “memorandum of understanding” (MOU) on Thursday January 18, 2024 at 10 a.m. at SAMIFIN Ambohijanaka.
The High Constitutional Court;
Given the Constitution, Given the law referred to;
Considering law n°2018-043 of February 13, 2019 on the fight against money laundering and the financing of terrorism;
Considering deliberation no. 02-HCC/DB of September 17, 2021 relating to the Internal Regulations of the High Constitutional Court, modified and supplemented by deliberation no. 03-HCC/D3 of October 28, 2021;
The rapporteur having been heard; After having deliberated in accordance with the law;
Starting today, the EU Global Facility is launching its very first technical assistance activity in Madagascar, focused on the topic of Beneficial Ownership. Following a productive scoping mission conducted back in December, we are now joining hands with the SAMIFIN delivering a scoping visit and training on the implementation of Madagascar's Beneficial Ownership (BO) framework.
During this four-day working visit, our team of experts will deliver sessions aimed at:
Nolanian’ireo Loholon’i Madagasikara tsy nasiam-panitsiana sy tsy nasiam-panovana nandritra ny fivoriana azon’ny besinimaro natrehina notarihan’ny Filohan’ny Antenimierandoholona Andriamatoa RABEMANANJARA Nicolas androany alakamisy 14 desambra 2023 ny Volavolan-dalàna laharana faha 022/2023 tamin’ny 04 oktobra 2023 manova sy mameno ny andininy sasantsasany ao amin’ny Lalàna laharana faha 2018-043 tamin’ny 13 febroary 2019 mahakasika ny ady atao amin’ny famotsiam-bola sy ny famatsiam-bola ny asa fampihorohoroana.
On December 13, 2023, the National Assembly adopted draft Law No. 022/2023 of October 4, 2023 amending and supplementing certain provisions of Law No. 2018-043 of February 13, 2019 on the fight against money laundering and the financing of terrorism.
The Malagasy Government presented this bill in order to comply the main FATF (Financial Action Task Force) recommendations . The provisions cover aspects such as redefinition, introduction of new incriminations, strengthening government accountability in the fight against money laundering and terrorist financing, among others.