Burkina Faso: what are the sources of terrorist financing?

Text by: RFI Follow

2 min

The Economic and Social Observatory conducted a study on the money laundering and terrorist financing mechanism in Burkina Faso. It shows that terrorists benefit from several potential sources of funding.

Publicity

With our correspondent in Ouagadougou, Yaya Boudani

According to the study by the Economic and Social Observatory on the mechanism of money laundering and the financing of terrorism, several sources potentially fuel terrorism in Burkina Faso . “  First of all, it concerns external funding and endowments,” explains Bernabé Kambou, the coordinator of the Economic and Social Observatory, which comes from certain States and certain non-governmental organizations. There is also the income from crime. Self-financing is the most important activity today, in particular through the exploitation of natural resources such as gold. "

Apart from banks and financial institutions, non-financial professionals such as real estate companies, transport, casinos and others do not always report suspicious transactions, according to Bernabé Kambou. “  Some of these attacks have been carried out with inbound money laundering funding. We have a weakly controlled non-profit sector. The trend of money laundering and terrorist financing in the non-profit sector is high. The control carried out during creation and during their activity is limited.  "

About 80 billion FCFA have been used to finance terrorism in Burkina Faso, according to the Economic and Social Observatory.

Newsletter Receive all the international news directly in your mailbox

Follow all the international news by downloading the RFI application

• Burkina Faso
• Terrorism

On the same subject

Burkina Faso: an association identifies displaced children to get them back to school

Today the economy

Burkina Faso: truckers face many difficulties

France places all the borders of Burkina Faso in "red zone"