Togo has reaffirmed its commitment to combat money laundering and terrorist financing across Africa.
The country hosted the second Grand Meeting of Compliance and Risk Officers in Lomé from July 8, 2025. Over 600 professionals from 42 countries, including bankers, regulators, and civil society members, attended the summit. Finance Minister Georges Barcola revealed Africa loses up to $90 billion yearly to illicit financial flows. He called for stronger public-private partnerships and improved compliance systems in Togo and across the continent.
Officials stressed that compliance now goes beyond regulation—it promotes ethics in governance. The Regional Stock Exchange highlighted new policies on AML, ESG, and corporate governance. Togo aims to become Africa’s anti-money laundering capital by July 2026.
About The Author
