Lomé has taken a decisive step in securing its financial system. Under the chairmanship of Professor Komi Selom Klassou, the Togolese National Assembly adopted a crucial new bill by an absolute majority. This legislation strengthens the fight against money laundering , the financing of terrorism , and the proliferation of weapons of mass destruction .

A shield against economic and security threats

This new legislative framework does not simply punish; it aims to protect the integrity of the state. By targeting illicit flows, the Togolese government is tackling scourges that destabilize the economy and threaten public peace.

“Harmonizing our legislation with FATF standards means protecting our economy and preserving Togo’s international credibility,” states the government’s Verbatim.

The 3 pillars of the new law

The text introduces major innovations to address the vulnerabilities exploited by criminal networks:

1. Regulation of virtual assets: The law now extends due diligence obligations to cryptocurrency -related service providers.
2. Transparency of "Beneficial Owners": To put an end to opaque financial arrangements, the identification of the people who actually control the companies becomes a strict obligation.
3. Global alignment: The system incorporates the revised recommendations of the FATF (Financial Action Task Force) of 2012, the most demanding standards on a global scale.

A regional and international ambition

This reform is part of the WAEMU dynamic. By aligning its rules with those of its neighbors and global bodies, Togo sends a strong signal to its partners: it refuses to become a transit zone for dubious capital.

The Minister of Finance and the President of the National Assembly both emphasized that this law is only the beginning of a new phase. The success of this strategy will now depend on rigorous implementation and increased vigilance from all stakeholders: financial institutions, regulated professions, and citizens.