Mali Country Summary
Medium-High Risk
View full Ratings TableSanctions
Higher Concern
FATF AML Deficient List
Lower Concern
Terrorism
Higher Concern
Corruption
Higher Concern
US State ML Assessment
Lower Concern
Criminal Markets (GI Index)
Medium Concern
EU Tax Blacklist
Lower Concern
Offshore Finance Center
Lower Concern
Please note that although the below Summary will give a general outline of the AML risks associated with the jurisdiction, if you are a Regulated entity then you may need to demonstrate that your Jurisdictional AML risk assessment has included a full assessment of the risk elements that have been identified as underpinning overall Country AML risk. To satisfy these requirements, we would recommend that you use our Subscription area.
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Anti Money Laundering
FATF Status
Mali is no longer on the FATF List of Countries that have been identified as having strategic AML deficiencies
Compliance with FATF Recommendations
The last follow-up Mutual Evaluation Report relating to the implementation of anti-money laundering and counter-terrorist financing standards in Mali was undertaken in 2023. According to that Evaluation, Mali was deemed Compliant for 6 and Largely Compliant for 18 of the FATF 40 Recommendations. It was deemed Highly Effective for 0 and Substantially Effective for 0 of the Effectiveness & Technical Compliance ratings.
Sanctions
Beyond the terminated United Nations sanctions (ended August 31, 2023), Mali remains under active sanctions from the United States under Executive Order 14040 and from the European Union, which maintains asset freezes and travel bans on designated individuals and extended them to December 14, 2025. The United Kingdom maintains an active autonomous sanctions regime, while Canada has terminated its Mali sanctions; other jurisdictions impose limited or UN-based measures after UN termination, including Australia (ACTIVE UN-based with limited measures), Japan (LIMITED), New Zealand (LIMITED), Switzerland (LIMITED), ECOWAS (terminated February 2024), and African Union (eased membership suspension).
Criminality
Rating |
0 (bad) - 100 (good) |
|---|---|
| Transparency International Corruption Index | 28 |
| World Bank: Control of Corruption Percentile Rank | 21 |
Mali faces significant challenges related to crime and corruption, which are deeply embedded in its governance and economic structures. Corruption is a major barrier to foreign investment and economic development, with reports of bribery and political interference in public procurement processes, while the judicial system struggles with a lack of independence and transparency, undermining efforts to combat these issues effectively.
Economy
Mali's economy and investment climate are currently hindered by significant challenges, including political instability, corruption, poor infrastructure, and ongoing insecurity. Following a coup in August 2020, the country has been under a transitional government that has struggled to stabilize the political landscape, leading to uncertainty for potential investors. While Mali has established policies to promote foreign direct investment and has received support from international financial institutions, the practical realities of doing business are complicated by issues such as a lack of transparency, bureaucratic inefficiencies, and a fragile security situation exacerbated by the presence of terrorist groups.
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