Togo — Country Risk Report

Togo (Africa • West Africa). Risk report as of the 19 Jun 2026 FATF plenary.

High country risk, with elevated corruption risk. Togo's country risk score is 6.0/10, placing it in the high-risk band. The principal driver is weak corruption, alongside voice and accountability risk. Togo is not currently FATF grey- or black-listed. Togo is not subject to comprehensive country-wide sanctions. 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 for defined risk triggers.

At a glance

• FATF status: Not currently listed (one indicator only; it does not set the overall country risk rating by itself)
• Comprehensive country sanctions: none identified. Targeted sanctions exposure: possible, screen applicable persons, entities and sectors
• Government effectiveness and rule of law: 5.7/10
• Corruption (CPI 2025): 32/100, rank #120 of 182
• Enforcement data: not yet assessed (no RegActions coverage)

Country Risk Score: 6.0/10 (High)

Higher score means higher country risk (global average 4.6). Full information available. Strong data coverage. Enforcement activity and CPI are shown for context but do not change the score.

All three parts of the score are available.

How this score was calculated

• Financial crime controls: 8.5/10 — 50% of this score
• Government effectiveness and rule of law: 5.7/10 — 30% of this score
• International sanctions: 0.0/10 — 20% of this score

International sanctions contributes 0.0 because the complete UN, UK, EU and US review found no direct country-level sanctions programme. People or organisations connected to the country may still appear on sanctions lists.

Principal risk drivers

• Corruption (WGI) — 6.6/10
• Voice & accountability — 6.0/10
• Rule of law & institutions — 5.7/10

Mitigating factors

• Not currently on the FATF grey or black list.
• No comprehensive country-wide sanctions programme.
• Comparatively stronger political stability (4.8/10).
• Risk is concentrated in specific counterparties, sectors and transactions rather than applying uniformly.

Business impact

• Customer onboarding (High): Additional ownership and control verification may be required.
• Payments and transactions (High): Review transaction purpose, counterparties and geographic routing.
• Trade and export activity (High): Screen goods, end users and potential dual-use exposure.
• Corporate clients (High): Assess state ownership, government links and political exposure.
• Ongoing monitoring (High): Apply alerts for ownership changes, sanctions and geopolitical developments.

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: Not currently listed

Togo is not on the FATF grey or black list as of the 19 Jun 2026 plenary.

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: 36/100
• Regulatory Quality: 48/100
• Rule of Law: 46/100

Regulators and legal framework

FATF network

FATF network via GIABA.

• Inter Governmental Action Group against Money Laundering in West Africa

Last mutual evaluation: 2022 · report

National regulators

Regulator profiles not yet available on RegActions.

FIU: Egmont Group member (CENTIF-Togo)

Framework signals

• FATF listing: Not currently listed
• International sanctions: no listed programme identified
• Corruption (CPI 2025): 32/100, rank #120 of 182
• Rule of law (WGI): 5.7/10 risk

Sector exposure

• Banking & payments (Low): No FATF listing, rule-of-law governance within normal range
• Trade & export controls (Low): No sanctions programme or FATF black-list constraint identified
• Crypto & virtual assets (Elevated): Weak accountability governance (WGI 6.0/10 risk)
• Real estate & luxury assets (Elevated): Elevated corruption exposure (CPI 32/100)
• State-linked & procurement (Elevated): State-capture exposure (corruption WGI 6.6/10)

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

Togo: analysis

Togo's profile is derived entirely from its governance indicators; it is not on the FATF grey or black list, and no sanctions apply. All four domains are in elevated territory: corruption (weighted 35%) and voice and accountability (weighted 10%) are the most concerning, whilst rule of law and institutions (weighted 40%) carries the greatest compositional weight. Political stability (weighted 15%) is the least adverse domain. The CPI reading reinforces the WGI picture of a country where integrity risks are broad-based.

Outlook

Togo's risk profile is likely to remain elevated absent structural reforms to judicial independence and public-sector accountability. The absence of any FATF listing provides some headroom, but the broad weakness across all governance domains means incremental deterioration is possible without sustained institutional investment. Firms should watch the October 2026 FATF plenary for any escalation.

Key watchpoints

• October 2026 FATF plenary outcome and any identification of strategic AML/CFT deficiencies.
• Trends in WGI scores across Corruption and Voice and accountability, where Togo is most exposed.
• Regulatory reform activity in the financial sector, including BCEAO-led AML requirements for WAEMU members.
• Domestic political developments that could affect the independence of oversight bodies.

Assessment currency

• FATF status: Not listed (as of 19 Jun 2026)
• Sanctions exposure: None identified (as of Jul 2026)
• Governance (WGI): Latest dataset incorporated (as of 2024)
• Corruption (CPI): 32/100 (as of 2025)
• RegActions assessment: Reviewed (as of 19 Jun 2026)

Public evidence layer

FATF action: none. No FATF call-for-action or increased-monitoring status was identified at the latest plenary. This does not establish low risk.

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-Togo (present, as of 2026-07-17)
• Beneficial-ownership register: No live register identified in the source (unavailable, as of 2026-07-17)
• Transparency International CPI: 32/100, rank 120 (present, as of 2025)

Evidence freshness

• FATF monitored-jurisdiction status: current; data 2026-06-19
• FATF mutual evaluation and follow-up ratings: current; data 2026-07-31; follow-up 2025-05; base assessment 2022-10
• World Bank governance indicators: current; data 2024
• UN, UK, EU and US sanctions regimes: current; data 2026-08-13

Contextual signals are public evidence only and do not change the immutable v2 score.

Download evidence PDF · CSV · JSON

Regional peer scores

• Central African Republic: 7.8/10 (Very high)
• Democratic Republic of the Congo: 7.6/10 (Very high)
• Somalia: 7.3/10 (Very high)
• South Sudan: 7.3/10 (Very high)
• Sudan: 7.1/10 (Very high)
• Eritrea: 6.9/10 (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)