Regulatory Alerts2025-08-01
Instruction No. 06 07 2025 RFE on Foreign Currency Allowances for Resident and Non-Resident Travelers
Issued by the Governor of BCEAO, this Instruction mandates that resident entities authorized to issue withdrawal and payment cards submit quarterly summary reports of their clients' foreign expenditures, including observed circumvention cases and remedial measures, to the Structure responsible for External Finance and BCEAO within ten working days of each quarter's end. The directive requires strict adherence to existing anti-money laundering, counter-terrorist financing, and weapons proliferation regulations across UEMOA member states. It formally repeals prior foreign currency allowance provisions, including Instruction No. 05-07-2011/RFE, and enters into force on August 1, 2025.
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