The World Bank Report No: ISR10610 Implementation Status & Results Burkina Faso IDF Burkina Faso Implementing AML/CFT (P130791) Public Disclosure Copy Operation Name: IDF Burkina Faso Implementing AML/CFT (P130791) Project Stage: Implementation Seq.No: 1 Status: ARCHIVED Archive Date: 15-Aug-2013 Country: Burkina Faso Approval FY: 2012 Product Line: Institutional Development Fund Region: AFRICA Lending Instrument: Implementing Agency(ies): Key Dates Board Approval Date 29-Mar-2012 Original Closing Date 18-Sep-2015 Planned Mid Term Review Date Last Archived ISR Date Effectiveness Date 18-Sep-2012 Revised Closing Date 18-Sep-2015 Actual Mid Term Review Date Project Development Objectives Project Development Objective (from IDF Proposal) The objective of the project is to improve the reporting, analysis, and investigation of suspicious transaction reports (STRs) by the private sector and key Government agencies involved in anti-money laundering (AML) in Burkina Faso, including the judiciary. This will be achieved by: 1. Reinforcing the operational capacities of the financial intelligence unit (FIU), the Cellule Nationale pour le Traitement des Informations Financieres (CENTIF), to analyze suspicious transaction reports (STRs) filed by the private sector (Component 1); 2. Improving the reporting of STRs by the private sector (Component 2); 3. Ensuring an adequate handling of money laundering and financial crime cases by the Police, Gendarmerie, Customs, the National Committee against Drugs and the judiciary (Component 3); 4. Enhancing the management and use of the asset disclosure system (Component 4). Has the Project Development Objective been changed since Board Approval of the Project? Yes No Component(s) Component Name Component Cost REINFORCING THE OPERATIONAL CAPACITIES OF THE CENTIF 148299.00 Public Disclosure Copy ENHANCING COMPLIANCE WITH AML LEGAL OBLIGATIONS 115260.00 PROMOTING THE SPECIALIZATION OF COURTS AND MAGISTRATES 111923.00 ENHANCING MANAGEMENT AND USE OF ASSET DISCLOSURE SYSTEM 86668.00 Audit 33500.00 Overall Ratings Previous Rating Current Rating Progress towards achievement of PDO Satisfactory Overall Implementation Progress (IP) Moderately Satisfactory Page 1 of 3 The World Bank Report No: ISR10610 Previous Rating Current Rating Overall Risk Rating Public Disclosure Copy Implementation Status Overview In the first 6month of the grant, the Recipient Agency, the CENTIF, as well as other grant beneficiaries, has shown important momentum to launch the implementation of this IDF in line with the agreed schedule. Recruitment process for consultants to implement the activities of this grant have all been launched. Disbursement will start in July 2013. Locations No Location data has been entered Results Indicators Indicator Name Core Unit of Measure Baseline Current End Target Number of cases investigated by economic and Number Value 0.00 5.00 financial crime unit Date 15-Mar-2012 01-Dec-2014 Comments Number of Suspicious Transaction Reports Number Value 0.00 0.00 10.00 (STR) filed by the non banks and non-financial Date 15-Mar-2012 26-Jun-2013 10-Jan-2014 Reporting Entities Comments Percentage of participants of the workshops on Percentage Value 0.00 0.00 60.00 financial disclosure successfully completing a Date 15-Mar-2012 31-Dec-2014 knowledge test Comments Data on Financial Performance (as of 11-Jul-2013) Financial Agreement(s) Key Dates Project Ln/Cr/Tf Status Approval Date Signing Date Effectiveness Date Original Closing Date Revised Closing Date Public Disclosure Copy P130791 TF-12464 Effective 18-Sep-2012 18-Sep-2012 18-Sep-2012 18-Sep-2015 18-Sep-2015 Disbursements Project Ln/Cr/Tf Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P130791 TF-12464 Effective USD 0.50 0.50 0.00 0.01 0.49 1.00 Disbursement Graph Page 2 of 3 The World Bank Report No: ISR10610 Public Disclosure Copy Key Decisions Regarding Implementation Disbursement under this IDF has not yet been initiated but all the activities of this projects have been adequately set out for implementation. Disbursement will take place in July 2013. Restructuring History There has been no restructuring to date. Related Projects There are no related projects. Public Disclosure Copy Page 3 of 3