Mali Country Summary

FATF Status

Mali is 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 20 of the FATF 40 Recommendations. It was deemed Highly Effective for 0 and Substantially Effective for 0 of the Effectiveness & Technical Compliance ratings.

Mali faces significant challenges related to crime and corruption, with widespread bribery and political interference undermining governance and economic development. Despite efforts by the transition government to combat corruption through the establishment of specialized courts and auditing agencies, the judicial system remains hampered by inefficiency, lack of independence, and ongoing political instability, which complicates the fight against both corruption and organized crime.

Mali's economy and investment climate are characterized by significant challenges stemming from political instability, corruption, and ongoing insecurity, particularly following the military coups in 2020 and 2021. The transition government has adopted a new constitution and is in the process of implementing reforms, yet the lack of a clear timeline for elections and the fragile security situation continue to deter foreign investment. While there is a favorable legal framework for foreign direct investment, practical obstacles such as corruption, poor infrastructure, and bureaucratic inefficiencies hinder business operations, making Mali's investment environment uncertain and less attractive to potential investors.