Togo Country Summary
Sanctions
Low Concern
FATF AML Deficient List
Low Concern
Terrorism
High Concern
Corruption
High Concern
US State ML Assessment
Low Concern
Criminal Markets (GI Index)
Medium Concern
EU Tax Blacklist
Low Concern
Offshore Finance Center
Low Concern
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Anti Money Laundering
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 2022. According to that Evaluation, Togo was deemed Compliant for 6 and Largely Compliant for 10 of the FATF 40 Recommendations. It was deemed Highly Effective for 0 and Substantially Effective for 0 of the Effectiveness & Technical Compliance ratings.
Sanctions
There are no international sanctions currently in force against this country
Criminality
Rating |
0 (bad) - 100 (good) |
|---|---|
| Transparency International Corruption Index | 32 |
| World Bank: Control of Corruption Percentile Rank | 29 |
The Togolese government has made significant strides in combating corruption through the establishment of institutions like the High Authority for the Prevention and Fight against Corruption and Related Offenses (HAPLUCIA) and the implementation of a national anti-corruption strategy. Despite these efforts, challenges remain, including limited protections for NGOs investigating corruption and ongoing issues with human trafficking, drug trafficking, and financial crimes. Additionally, while Togo has improved its governance and legal frameworks, resource limitations and corruption within law enforcement continue to hinder effective enforcement.
Economy
Togo's economy has shown steady growth of approximately 5% annually since 2008, aided by government reforms aimed at improving the business environment and attracting investment. The National Development Plan (PND) prioritizes infrastructure modernization and agricultural production, while the government seeks private sector investment to achieve its goals, despite challenges such as corruption and a weak legal system.
Togo's investment climate is bolstered by a reform-minded government and the strategic location of Africa's 4th busiest port, which facilitates regional trade. The government has implemented various reforms, including the 2019 Investment Code that ensures equal treatment for foreign investors and promotes private sector involvement through initiatives like the Adetikiopé Industrial Platform. However, challenges such as corruption, a weak legal system, and unclear land titles persist, which could hinder foreign investment.
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- Risk Analysis
- Corruption
- Economy
- Sanctions
- Narcotics
- Executive Summaries
- Investment Climates
- FATF Status
- Compliance
- Key Findings