Welcome to SAMIFIN,
the Financial Intelligence Unit of Madagascar


Dear readers,

“For the economy” is the leitmotif that dictates the attitude, projects, and activities of SAMIFIN. This key phrase illustrates our fierce commitment to contribute to the economic development of the country through controlling illicit financial flows.

Our values are "Rapidity", "Efficiency", "Impact", "Innovation", and "Excellence".

SAMIFIN has drawn up an ambitious strategic plan. This five-year plan for 2022-2026 will help us comply with international standards and strengthen the synergy between national actors, as well as boost international cooperation. It also aims to ensure the effectiveness of the systems in order to mitigate the risks and threats of ML/FT/FP and to detect and repress illicit financial flows.

In the spirit of serving the economy effectively, we will prioritize the tackling of “large files”. In this way, we intend to make the most of the government’s investments for the benefit of SAMIFIN as well as for the benefit of ML/FT, dissuading illicit financial flows and improve the image of Madagascar to foreign direct investments.

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Good governance in the fight against illicit financial flows requires the commitment of all stakeholders. To attain this, SAMIFIN conveys a “holistic, multi-agency approach” in all aspects of this strategic plan. In this spirit, everyone is urged to unite in this fight: to become involved in implementing our adopted strategy, and to take personal responsibility for achieving our vision of a Madagascar with a healthy financial sector – the architect of its own economic development.

SAMIFIN will focus in coming years on money laundering linked to tax and customs fraud, the exploitation and the export of natural resources (mines, fisheries, forests, fauna and flora, etc), the constitution of illicit assets abroad, the embezzlement of public funds, and the threat associated with the increasing use of cryptocurrency.

M. Mamitiana RAJAONARISON
Head of SAMIFIN since 2021


Past Directors General
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Mr LAMINA Boto Tsara Dia (2016-2021)

Mr LAMINA Boto Tsara Dia was nominated as Director General of SAMIFIN by the Ministry's Council on March 24th 2016.


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Pr RAZARANAINA Jean Claude (2008-2016)

Pr RAZARANAINA Jean Claude was nominated as Director General of SAMIFIN by the Ministry's Council on March 2008.

Publication


Category Document Author Date Download
Statitics Statistics from January to March 2022 (FR) SAMIFIN June 2022 FR
Annual Report Annual Report 2021 (FR) SAMIFIN May 2022 FR
National Strategy National Strategy for the Fight against Money Laundering and Financing of Terrorism (EN) Malagasy Government June 2022 EN
Guideline The fight against money laundering and the financial of terrorism applied to the accountant and financial profession (EN) Accountant and financial profession April 2022 EN
Guideline The fight against money laundering and the financial of terrorism applied to the profession of notary (EN) Ministry of Justice and Notary April 2022 EN
Action plan Action plan to technical compliance for national AML/CFT from September 2021 to September 2022 (EN) Task-force national AML/CFT September 2021 EN
Action plan Strategic plan of SAMIFIN on AML/CFT 2022-2026 (EN - FR) Task-force national AML/CFT February 2022 EN - FR
Newsletter Notice to the public on cryptocurrencies (EN) Banky Foiben'i Madagasikara 2021 EN
Newsletter Communique on the transfer of the supervision of the insurance sector to the CSBF (EN) Banky Foiben'i Madagasikara 2021 EN

Legislation of AML/CFT


Madagascar has AML/CFT framework on regarding the international standards of FATF recommandation and UN conventions.

The language of AML/CFT framework is originally written in French and translated in English.

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Category FATF Name Date Download
Ordinance Rec.4 Ordinance No. 2019-015 relating to the recovery of illicit assets (EN) July 2019 EN
Instruction Rec.10 Instruction No. 001/19-GV/DAJ on the organisation of BFM’s internal system for anti-money laundering and countering the financing of terrorism (EN) May 2019 EN
Instruction Rec.26 Instruction No. 001/2018-CSBF relating to the exercise of electronic money activities by credit institutions (EN) April 2018 EN
Instruction Rec.12 Instruction No. 001/2022-CSBF amending and supplementing certain provisions of Instruction No. 006/2007-CSBF relating to the prevention and fight against money laundering and terrorist financing (EN) 2022 EN
Instruction Rec.12 Instruction No. 006/2007-CSBF of August 3,2007 on prevention and control of ML/CFT February 2017 EN
Instruction Rec.26 Instruction No. 003/2017-CSBF on the global account of electronic money institutions (EN) February 2017 EN
Instruction Rec.26 Instruction No. 001/2018-CSBF relating to the exercise of electronic money activities by credit institutions (EN) April 2018 EN
Instruction Rec.26 Instruction No. 002/2018-CSBF relating to electronic money distribution agents (EN) February 2017 EN
Instruction Rec.26 Instruction No. 003/2018-CSBF on the governance and control of electronic money institutions (EN) February 2017 EN
Instruction Rec.26 Instruction No. 001/2020-CSBF on exceptional customer due diligence measures when opening a special electronic money account (EN) February 2017 EN
Law Law No. 2017-027 on international cooperation in criminal matters (EN) December 2017 EN
Law Rec.29 Law No. 2018-043 on the fight against money laundering and terrorist financing (EN) February 2019 EN
Law Rec.3 Law No. 94-036 on Literary and Artistic Property (EN) September 1995 EN
Law Law No. 2014-005 on against terrorism and transnational organized crime (EN) June 2014 EN
Decree Rec.29 Decree No. 2015-1036 on repealing decree n° 2007-510 on June 04, 2007 and on the establishment, organization and functioningthe "Sampandraharaha Malagasy Iadiana amin'ny Famotsiambola sy ny famatsiambola amin'ny fampihorohoroana" called "SAMIFIN" (EN) June 2015 EN
Ordinance Rec.3 Ordinance No. 89-019 establishing a regime for the protection of industrial property in the Democratic Republic of Madagascar (EN) August 1989 EN
Law Rec.24 Law No. 2001-026 on the partnership contract and the civil partnership (EN) 2001 EN
Law Rec.24 Law N° 2003-036 on Commercial Companies (EN) January 2004 EN
Law Rec.2 Law No. 2014-038 On the protection of personal data (EN) December 2014 EN
Law Rec.15 Law No. 2016-056 on Electronic Money and Electronic Money Institutions (EN) December 2016 EN
Law Rec.2 Law No. 2017-045 on Governing the activity and control of Credit Information Bureau (EN) December 2017 EN
Law Rec.14 Law No. 2017-026 On Microfinance (EN) November 2017 and December 2017 EN
Law Rec.12 Law No. 2020-005 on Insurance (EN) July 2020 EN
Law Rec.10 Law No. 2020–011 on the Banking Law (EN) July 2020 EN
Decree Rec.2 Decree on the organisation and functioning of the coordination and orientation committee on the fight against money laundering and terrorist financing (EN) June 2022 EN
Decree Rec.4 Decree No. 2021-960 on the creation, composition, organisation and operation of the Agency for the Recovery of Illicit Assets (EN) September 2021 EN
Decree Rec.26 Decree No. 2017-851 on Electronic Money and Electronic Money Institutions (EN) 2017 EN
Charter Rec.2 Charter of authorities's convention on sharing and disseminating information by using a digital platform called "PNC" (EN) 2019 EN
Decision Rec.14 Decision No. 002/2019-CSBF on the approval of "Société Caisse d'Epargne de Madagascar" as a deposite and credit microfinance institution (EN) 2019 EN
Circular Rec.32 Circular No. 001-2021/MEF/SG/DGT/DGT of July 13,2021 on repealing circular No. 755/2018 and laying down transitional provisions on foreing currency allowances to travellers (EN) July 13, 2021 EN
Directive Rec.31 Directive No. 001/SAMIFIN/DG/CAB/22 of June 14,2022 on on the prevention and detection of money laundering and/or terrorist financing and the reporting of suspicious transactions (EN) June 22, 2022 EN

AML/CFT System and Organization


In reference to Law No. 2018-043 of February 13, 2019 on the fight against money laundering and terrorist financing, each stakeholder has specific duties under the AML/CFT system.

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1. National Committee on AML/CFT

In reference to article 7 of Law No. 2018- 043 of February 13, 2019 on the fight against money laundering and terrorist financing, the Decree on the organisation and functioning of the coordination and orientation committee on the fight against money laundering and terrorist financing is adopted. SAMIFIN hosts the permanent secretariat in charge of coordination and orientation of the national committee. The committee is composed of :


2. Regulatory and supervisory authorities


3. Anti-money laundering reporting entities

4. Law enforcement agencies

5. Prosecutors and Assets recovery agency

Contact SAMIFIN


Mr. Mamitiana RAJAONARISON
Director General of SAMIFIN
Financial Intelligence Unit
Lot I A 102 Lohanosy Ambohijanaka
Antananarivo Madagascar