Togo Country Summary

FATF Status

Togo is not on the FATF List of Countries that have been identified as having strategic AML deficiencies

Compliance with FATF Recommendations

The last Mutual Evaluation Report relating to the implementation of anti-money laundering and counter-terrorist financing standards in Togo was undertaken in 2025. According to that Evaluation, Togo was deemed Compliant for 6 and Largely Compliant for 11 of the FATF 40 Recommendations. It was deemed Highly Effective for 0 and Substantially Effective for 0 of the Effectiveness & Technical Compliance ratings.

Togo faces significant challenges related to crime and corruption, particularly in areas such as human trafficking, drug smuggling, and financial crimes. Despite the government's establishment of various institutions aimed at reducing corruption and enhancing transparency, including the High Authority for the Prevention and Fight against Corruption and Related Offenses (HAPLUCIA), the effectiveness of these measures is hindered by limited resources, insufficient legal protections for whistleblowers, and ongoing issues with state-embedded corruption.

Togo presents a promising investment climate, bolstered by a reform-oriented government and its strategic position as the only natural deep-water port in West Africa. The country's economy has maintained a steady growth rate of approximately 5% annually since 2008, with ongoing investments in infrastructure and industrial development, particularly in logistics, renewable energy, and agribusiness. While Togo's regulatory framework, including the 2019 Investment Code, offers strong protections for investors and aims to enhance transparency, challenges such as limited access to credit for SMEs and issues related to land ownership persist, necessitating continued reforms to ensure long-term economic stability and attract foreign direct investment.