Regulatory Alerts2025-08-01
Instruction No. 08 07 2025 RFE on Foreign Exchange Repurchase Operations by Sub-Delegates
Issued by the Governor of the BCEAO, this Instruction mandates authorized intermediaries to submit monthly foreign exchange repurchase reports to the BCEAO and the Structure in charge of Foreign Finance within ten business days following each month's end. It requires sub-delegated establishments to strictly comply with anti-money laundering, counter-terrorist financing, and weapons proliferation financing regulations across UEMOA member states. Effective August 1, 2025, the Instruction supersedes all prior related provisions, including the July 13, 2011 directive on customer repurchase operations.
3 The authorized intermediary transmits to the BCEAO and the Structure in charge of Foreign Finance, ten business days after the end of each month, the report on foreign exchange repurchases by sub-delegates.
TITLE III - DIVERSE AND FINAL PROVISIONS
Article 8: Responsibilities of the authorized intermediary The authorized intermediary must ensure strict compliance, by each establishment benefiting from its sub-delegation, with the provisions of this Instruction as well as with provisions relating to the fight against money laundering, terrorist financing, and proliferation of weapons of mass destruction in the member states of UEMOA.
Article 9: Entry into force This Instruction repeals all prior provisions dealing with the same subject, notably Instruction No. 08-07-2011/RFE of July 13, 2011 on foreign exchange repurchase operations for customers by sub-delegates.
It enters into force on August 1, 2025 and is published wherever necessary.
Done in Dakar, on July 7, 2025 The Governor, Jean-Claude Kassi BROU