Host the Permanent Secretariat of CNOC

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.

SAMIFIN assists the CNOC in the following tasks :

• elaborating and proposing to the Committee a draft national policy and strategy on the fight against money laundering and terrorist financing;
• referring to the Committee any breach of obligations in the area of the fight against money laundering and the financing of terrorism in the reporting entities;
• supporting the Committee within the framework of its attributions;
• carrying out any task related to the national risk assessment, monitoring and evaluation of the national strategy to combat money laundering and terrorist financing, drawing up a report thereon and regularly updating the analysis in question, and disseminating it to the relevant stakeholders;
• preparing the annual report of the AML/CFT Coordination and Orientation Committee before April 15 of each year;
• streamlining the exchange of information with the networks of actors in the fight against money laundering and terrorist financing;
• collecting the quantitative and qualitative data required for the evaluation of risks related to money laundering and terrorist financing;
• participating in all international meetings dealing with the fight against money laundering and terrorist financing to which Madagascar is invited;

The Coordination and Orientation Committee in the Fight against Money Laundering
and Terrorist Financing has the following bodies :

• Members of CNOC
• Permanent Secretariat
• Network of stakeholders

The Committee is composed of :

• HE President of the Republic or his representative, Chairman;
• HE Prime Minister Head of Government or his representative, member;
• The Minister of Finance or his representative, member ;
• The Keeper of the Seals, Minister of Justice or his representative, member ;
• The Minister of Foreign Affairs or his representative, member;
• The Head of the Committee for the Safeguarding of Integrity or his representative, member;
• The Governor of Banky Foiben'i Madagasikara or his representative, member;
• The Director General of the Financial Intelligence Unit or his representative, member ;
• The Director General of the Agency for the Recovery of Illicit Assets or his representative, member.