Côte d'Ivoire — Country Risk Report

Côte d'Ivoire (Africa • West Africa). Risk report as of the 19 Jun 2026 FATF plenary.

High country risk, with AML/CFT effectiveness gaps. Côte d'Ivoire's country risk score is 6.5/10, placing it in the high-risk band. The principal score driver is AML/CFT effectiveness, contributing 4.1 of 6.5 points. Separately, the treatment overlays show that Côte d'Ivoire is subject to FATF increased monitoring, and that Côte d'Ivoire is not subject to comprehensive country-wide sanctions and has no direct country-level programme identified. Firms should apply additional scrutiny where exposure involves state-linked entities, restricted sectors, sensitive technology, dual-use goods or politically exposed counterparties.

Recommended treatment

Enhanced due diligence on every relationship, with senior approval and enhanced ongoing monitoring.

At a glance

• FATF status: Grey list (one indicator only; it does not set the overall country risk rating by itself)
• No direct country-level sanctions programme identified; sanctions remain a legal treatment overlay and applicable lists must still be screened.
• Governance and institutions: 5.3/10
• Corruption (CPI 2025): 43/100, rank #76 of 182
• Enforcement data: not yet assessed (no RegActions coverage)

Country Risk Score: 6.5/10 (High)

Higher score means higher country risk (global average 5.5). Full information available. Composite score. Strong supporting evidence. Enforcement activity and CPI are context only; FATF listing and sanctions are regulatory overlays except the labelled FATF listing status used where no mutual evaluation exists.

All three underlying risk pillars are available. All three underlying risk pillars are available and weighted using the published formula. Weight sensitivity 6.2–6.7/10.

How this score was calculated

• AML/CFT effectiveness: 9.1/10 — 45% of this score
• Technical compliance: 2.6/10 — 20% of this score
• Governance and institutions: 5.3/10 — 35% of this score

Sanctions treatment: No direct programme identified. FATF treatment: increased monitoring.

Principal risk drivers

• AML/CFT effectiveness: 9.1/10 × 45% = 4.1 points
• Governance and institutions: 5.3/10 × 35% = 1.9 points
• Technical compliance: 2.6/10 × 20% = 0.5 points

Mitigating factors

• No comprehensive country-wide sanctions programme.
• Comparatively stronger political stability (4.9/10).
• Risk is concentrated in specific counterparties, sectors and transactions rather than applying uniformly.

Business impact

• Customer onboarding (Enhanced): Verify ultimate beneficial ownership and control from more than one source.
• Payments and transactions (Enhanced): Review transaction purpose, counterparties and the full payment routing.
• Trade and export activity (Enhanced): Screen goods, end users and potential dual-use exposure.
• Corporate clients (Enhanced): Assess state ownership, government links and political exposure.
• Ongoing monitoring (Enhanced): Alert on ownership changes, new designations and status changes.

Recommended controls

• Verify ultimate beneficial ownership using more than one reliable source.
• Identify state ownership, government influence and politically exposed persons.
• Screen entities, directors and beneficial owners against applicable sanctions lists.
• Apply enhanced review to technology, defence, telecommunications, financial services and dual-use activity.
• Document transaction purpose and source of funds where cross-border structures are complex.
• Escalate unresolved ownership opacity or adverse information to Compliance.

Enhanced due diligence triggers

• State ownership / control
• PEP involvement
• Sensitive / restricted sectors
• Opaque ownership
• Adverse media
• Dual-use goods & technology
• High-risk intermediary routing

FATF status: Grey list

Jurisdiction Under Increased Monitoring. Last reviewed 19 Jun 2026; next FATF plenary Oct 2026.

Source details

International sanctions by issuing body

• UN: No
• EU: No
• UK: No
• US: No

No means the complete UN, UK, EU and US review found no direct country-level programme. People or organisations may still appear on sanctions lists.

Government effectiveness and rule of law (World Bank 2024, percentile)

• Government Effectiveness: 45/100
• Regulatory Quality: 52/100
• Rule of Law: 47/100

Regulators and legal framework

FATF network

FATF network via GIABA.

• Inter Governmental Action Group against Money Laundering in West Africa

Last mutual evaluation: 2023 · report

National regulators

Regulator profiles not yet available on RegActions.

FIU: Egmont Group member (CENTIF-CI)

Framework signals

• FATF listing: Grey list
• International sanctions: no direct country programme identified (legal treatment overlay remains applicable)
• Corruption (CPI 2025): 43/100, rank #76 of 182
• Rule of law (WGI): 5.2/10 risk

Regulatory ecosystem and enforcement visibility

This evidence map is separate from Country Risk v3. It describes official mandates, publication access and RegActions coverage; it does not judge regulatory strength or add points to country risk.

Transparency Index: not scored · Evidence disposition: local-authority-evidence · Mapped official authorities: 4.

Evidence level: Level 3: Enforcement visible. The ladder uses the authority evidenceLevel schema directly and does not infer a level from a URL, site access or RegActions feed count.

1. 1. Identity confirmed — The authority and its mandate are evidenced by official directory provenance.
2. 2. Regulatory activity visible — A qualified authority-owned route has provisional dated activity in the first-page scan.
3. 3. Enforcement visible — A qualified authority-owned enforcement route has provisional dated activity in the first-page scan.
4. 4. Score eligible — Shown only when the authority evidence schema explicitly records score-eligible; no authority currently does.

Enforcement visibility: 1 authorities are classified enforcement-visible by the authority evidence schema, based on qualified authority-owned route evidence and provisional first-page month observations. This is not a validated engagement frequency.

Authorities and mandate evidence

• Autorité des Marchés Financiers de l’UMOA — Level 1: Identity confirmed · Official site timed out

  Mandates: Securities · Access status: Official site timed out · Research/publication snapshot checked: 2026-08-20

  Official authority site

  Provisional first-page scan signal

  Signal: unknown · Observed month count: unknown · Latest observed month: unknown.

  Source access was limited during this research check, so activity remains unknown. This is not evidence of inactivity.

  Scan contract and precision

  automated-first-page-date-scan · 2024-01 to 2026-08 · as of 2026-08-20 · month precision · first-page-only-unvalidated. This is not a validated engagement frequency.

  No publication candidate is qualified. Regulatory activity and enforcement visibility remain unknown.

  Activity and enforcement visibility remain unknown; this access limitation does not establish that the authority has no enforcement activity.

• Commission Bancaire de l'Union Monétaire Ouest Africaine — Level 1: Identity confirmed · Official site could not be reached

  Mandates: Prudential supervision, Central bank · Access status: Official site could not be reached · Research/publication snapshot checked: 2026-08-20

  Official authority site

  Provisional first-page scan signal

  Signal: unknown · Observed month count: unknown · Latest observed month: unknown.

  Source access was limited during this research check, so activity remains unknown. This is not evidence of inactivity.

  Scan contract and precision

  automated-first-page-date-scan · 2024-01 to 2026-08 · as of 2026-08-20 · month precision · first-page-only-unvalidated. This is not a validated engagement frequency.

  No publication candidate is qualified. Regulatory activity and enforcement visibility remain unknown.

  Activity and enforcement visibility remain unknown; this access limitation does not establish that the authority has no enforcement activity.

• Conférence Interafricaine des Marchés d'Assurances (CIMA) — Level 1: Identity confirmed · Official site reachable

  Mandates: Insurance · Access status: Official site reachable · Research/publication snapshot checked: 2026-08-20

  Official authority site

  Provisional first-page scan signal

  Signal: unknown · Observed month count: 0 · Latest observed month: unknown.

  No qualified authority-owned dated route supports an activity signal. This is not evidence of inactivity; blocked, external-context, low-frequency and unvalidated sources remain unknown.

  Scan contract and precision

  automated-first-page-date-scan · 2024-01 to 2026-08 · as of 2026-08-20 · month precision · first-page-only-unvalidated. This is not a validated engagement frequency.

  Publication candidates and qualification

  • Unqualified publication candidate: Décisions du Conseil des Ministres des Assurances

    Research candidate only; it is not promoted to an official enforcement or regulatory-update route.

    Route type: decision_register · Source scope: authority-owned · Qualification: manual-review-required · Provisional scan signal: low-frequency-first-page-signal · Observed months: 1 · Latest observed month: 2026-07

  • Unqualified publication candidate: Décisions de la Commission Régionale de Contrôle des Assurances

    Research candidate only; it is not promoted to an official enforcement or regulatory-update route.

    Route type: not classified · Source scope: not classified · Qualification: not classified · Provisional scan signal: not-observable · Observed months: 0 · Latest observed month: unknown

• National Unit for the Processing of Financial Information in Côte d’Ivoire (CENTIF-CI) — Level 3: Enforcement visible · Official site reachable

  Mandates: Financial intelligence · Access status: Official site reachable · Research/publication snapshot checked: 2026-08-20

  Official authority site

  Provisional first-page scan signal

  Signal: low-frequency · Observed month count: 3 · Latest observed month: 2026-06.

  Provisional automated first-page date scan on an authority-owned qualified route. It is not a validated publication frequency or effectiveness measure.

  Scan contract and precision

  automated-first-page-date-scan · 2024-01 to 2026-08 · as of 2026-08-20 · month precision · first-page-only-unvalidated. This is not a validated engagement frequency.

  Publication candidates and qualification

  • Unqualified publication candidate: Sanctions financières ciblées TF et PF

    Research candidate only; it is not promoted to an official enforcement or regulatory-update route.

    Route type: not classified · Source scope: not classified · Qualification: not classified · Provisional scan signal: not-observable · Observed months: 0 · Latest observed month: unknown

  • Official authority-owned enforcement route: Liste des sanctions

    Authority-owned and approved for the human-reviewed route contract.

    Route type: sanctions_or_penalty_list · Source scope: authority-owned · Qualification: approved-for-human-contract · Provisional scan signal: low-frequency-first-page-signal · Observed months: 3 · Latest observed month: 2026-06

  • Unqualified publication candidate: Réactivation des sanctions contre la République Islamique d'Iran

    Research candidate only; it is not promoted to an official enforcement or regulatory-update route.

    Route type: not classified · Source scope: not classified · Qualification: not classified · Provisional scan signal: not-observable · Observed months: 0 · Latest observed month: unknown

  • Unqualified publication candidate: Lire la suite »

    Research candidate only; it is not promoted to an official enforcement or regulatory-update route.

    Route type: not classified · Source scope: not classified · Qualification: not classified · Provisional scan signal: not-observable · Observed months: 0 · Latest observed month: unknown

Download regulatory ecosystem PDF · CSV · JSON

Sector exposure

• Banking & payments (Elevated): FATF increased-monitoring overlay raises correspondent risk
• Trade & export controls (Low): No direct sanctions or FATF call-for-action overlay identified
• Crypto & virtual assets (Elevated): FATF increased-monitoring overlay raises VASP supervision risk
• Real estate & luxury assets (High): BO subscore 7.7/10; CPI context 43/100
• State-linked & procurement (High): Effectiveness pillar risk is 9.1/10

Derived from sanctions tier, FATF listing, World Bank WGI governance and CPI; no per-sector dataset is asserted.

Côte d'Ivoire: analysis

Côte d'Ivoire combines moderate governance weaknesses with current FATF grey listing. The dominant driver is rule of law and institutions (elevated risk, weight 40%), supplemented by corruption risk (weight 35%) and voice and accountability. Political stability is the relatively stronger domain. No sanctions are in place. The CPI reading is above the African median but indicates residual integrity risks. The governance profile reflects a country with capacity but persistent structural challenges.

Outlook

Côte d'Ivoire's inclusion on the FATF grey list makes the October 2026 plenary a critical juncture. If the country demonstrates sufficient progress on its action plan, a de-listing assessment could follow. The relatively stronger political stability score suggests a more conducive environment for reform compared with regional peers, though corruption and rule-of-law gaps will require sustained effort.

Key watchpoints

• FATF plenary outcome in October 2026 and any revision to grey-list status.
• Measurable improvements in AML/CFT legal frameworks and financial intelligence capacity.
• Developments in judicial independence and rule-of-law indicators.
• Corruption risk in the cocoa, commodities and public procurement sectors.

Assessment currency

• FATF status: Increased monitoring (as of 19 Jun 2026)
• Sanctions exposure: None identified (as of Jul 2026)
• Governance (WGI): Latest dataset incorporated (as of 2024)
• Corruption (CPI): 43/100 (as of 2025)
• RegActions assessment: Reviewed (as of 19 Jun 2026)

Public evidence layer

FATF action: increased monitoring. FATF identifies the jurisdiction as under increased monitoring; apply the firm's risk-based controls and monitor remediation progress.

Contextual signals (not scored)

• FATF network membership: FATF regional network: GIABA (present, as of 2026-07)
• EU non-cooperative tax jurisdictions: Not listed in Annex I (absent, as of 2026-02-17)
• Egmont Group FIU: CENTIF-CI (present, as of 2026-07-17)
• Beneficial-ownership register: No live register identified in the source (unavailable, as of 2026-08-23)
• Transparency International CPI: 43/100, rank 76 (present, as of 2025)

Evidence freshness

• FATF monitored-jurisdiction status: current; data 2026-06-19
• FATF mutual evaluation and follow-up ratings: current; data 2026-08-24; follow-up 2026-05; base assessment 2023-08
• World Bank governance indicators: current; data 2024
• UN, UK, EU and US sanctions regimes: current; data 2026-08-30

Contextual signals are public evidence only and do not change the current country-risk score.

Download evidence PDF · CSV · JSON

Contextual risk evidence (not scored)

These eight evidence families provide context only. They do not change the v3.1 headline score. Unavailable means no reviewed, country-comparable evidence is currently ingested; it does not mean the risk is absent.

• Organised crime: Not available. No reviewed country-level organised-crime dataset is currently checked in; no risk value is inferred. Candidate sources are research leads only; they have not been ingested as evidence.
• Fraud and cybercrime: Not available. No reviewed country-level fraud or cybercrime dataset is currently checked in; no risk value is inferred. Candidate sources are research leads only; they have not been ingested as evidence.
• Terrorism and proliferation financing: Not available. No reviewed country-comparable terrorism/proliferation threat dataset is currently checked in; FATF listing status remains a separate overlay. Candidate sources are research leads only; they have not been ingested as evidence.
• Trafficking: Not available. No reviewed country-level trafficking dataset is currently checked in; no risk value is inferred. Candidate sources are research leads only; they have not been ingested as evidence.
• Financial secrecy and offshore exposure: Not available. No reviewed, licence-clean financial-secrecy index is currently checked in; jurisdiction type alone is not used as a proxy. Candidate sources are research leads only; they have not been ingested as evidence.
• Tax cooperation: Not listed in EU Annex I. Annex I is a political/legal tax-cooperation list, not a general AML, corruption, or country-risk score. Source
• Political stability and conflict: 51/100 WGI percentile. WGI is an institutional perception indicator, not a conflict event feed or a prediction of future violence. Source
• Beneficial ownership: Not available. The Open Ownership map is a live-register snapshot and absence means no register was identified in that snapshot, not that no register exists. Candidate sources are research leads only; they have not been ingested as evidence.

Regional peer scores

• Eritrea: 8.7/10 (Very high)
• Central African Republic: 8.2/10 (Very high)
• Chad: 8.0/10 (Very high)
• Democratic Republic of the Congo: 7.9/10 (Very high)
• Equatorial Guinea: 7.9/10 (Very high)
• Somalia: 7.9/10 (Very high)

Source: FATF black & grey lists · World Bank WGI (CC BY 4.0 — World Bank WGI) · TI CPI (CC BY-ND 4.0 — Transparency International, display only)