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The Financial Intelligent Unit (SAMIFIN) is the national entity in charge of the fight against money laundering and terrorism funding (LBC/FT) in Madagascar. Specified by the law 2018-043 on 13 February 2019 related to fight against money laundering and terrorism funding, its mission consists on fighting against the illicit financial flows linked to the money launderning acts, the terrorism funding, the economic and funding infractions and all organized crimes. Created in 2007 and reorganized in 2015, SAMIFIN ist a State financial intelligent unit and is linked to the Presidency of the Republic. Its analysis reports are similar to intelligence informations. Independant in terms of operations and benefiting of a management autonomy, it is led by a Director General, has four (4) technical directions and one (1) support direction. In adequacy with the new strategy of fight against money laundering, terrorism funding and proliferation funding (SNLBC/FT/FP), the reorganization is currently considered.
SAMIFIN helps enforce compliance 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 order to implement the 40 recommendations of the FATF, SAMIFIN collaborates with various entities, including the government, public authorities and the private sector, to ensure successful compliance with international AML/CFT standards
SAMIFIN promotes open dialogue with stakeholders on AML/CFT in order to get immediate and tangible results, as recommended by the FATF standards
SAMIFIN encourages healthy competition and participates in financial inclusion programs to attract legitimate investment in Madagascar
