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.
Article 12: Report on operations related to withdrawal and payment cards Resident entities authorized to issue withdrawal and payment cards transmit a summary statement of their clients' expenditures abroad to the Structure responsible for External Finance and to BCEAO, no later than ten working days after the end of each quarter. This summary statement must include a list of any observed circumvention cases as well as the measures taken to address them.
TITLE IV - DIVERSE AND FINAL PROVISIONS
Article 13: Diverse provisions The procedures subject to this Instruction must be executed in strict compliance with the regulations concerning the fight against money laundering, terrorist financing, and the proliferation of weapons of mass destruction in the member states of UEMOA.
Article 14: Entry into force This Instruction, including its Annex which forms an integral part thereof, repeals all prior provisions dealing with the same subject matter, notably Instruction No. 05-07-2011/RFE of July 13, 2011, concerning the issuance of foreign currency allowances to resident travelers. It enters into force on August 1, 2025
Done in Dakar, on July 7, 2025
The Governor Jean-Claude Kassi BROU
and shall be published wherever necessary.