Latest news with #BCEAO
Zawya
05-05-2025
- Business
- Zawya
Digital Afrique Telecom (DAT) partners with IDCanopy to Launch Central Bank of West African States (BCEAO)-Compliant Know Your Customer (KYC) Solutions for West African Financial Institutions
Digital Afrique Telecom (DAT) ( a leading digital solutions provider in West Africa, today announced a strategic partnership with IDCanopy, Europe's trusted compliance and identity verification platform, to deliver cutting-edge Know Your Customer (KYC) and Know Your Business (KYB) services fully compliant with the latest regulations from the Central Bank of West African States (BCEAO). This collaboration combines DAT's deep regional expertise with IDCanopy's globally recognized compliance technology, empowering banks, fintechs, microfinance institutions, and other financial entities in the UEMOA region to meet stringent BCEAO requirements for anti-money laundering (AML), counter-terrorism financing (CFT), and customer due diligence (CDD). The DAT-IDCanopy solution ensures end-to-end compliance with BCEAO's Instruction No. 001-03-2025, which mandates robust internal controls for AML/CFT. The platform integrates real-time sanction and Politically Exposed Person (PEP) screening, transaction monitoring, and audit trails to meet regulatory reporting standards. Additionally, the partnership emphasizes lifetime compliance by continuously monitoring Ultimate Beneficial Owners (UBOs), directors, and supply chains, ensuring institutions adapt to evolving risks and regulatory updates. Leveraging AI-powered document verification, biometric authentication, and government-issued eID integration, the solution automates customer and business onboarding while minimizing manual intervention. This reduces processing times and fraud risks. The inclusion of legally binding Qualified Electronic Signatures (QES), compliant with eIDAS and ZertES standards, further enhances security and operational efficiency, enabling institutions to execute contracts and approvals digitally with full legal validity. Designed for the UEMOA region, the solution addresses local regulatory priorities while supporting cross-border transactions through IDCanopy's universal KYC instruments. Financial institutions gain access to a hybrid framework that combines region-specific due diligence with global best practices, ensuring seamless compliance for both domestic and international operations. The partnership directly responds to BCEAO's heightened focus on combating financial crime. Key priorities include enhanced due diligence for PEPs, mandatory reporting of suspicious transactions within 24 hours, and annual audits of internal control systems. The solution also supports BCEAO's push for secure digital identity verification, offering remote onboarding tools that meet stringent authentication requirements without compromising accessibility. Simplice Anoh, CEO of DAT, stated, 'In a rapidly digitizing economy, trust and compliance are non-negotiable. By integrating IDCanopy's proven technology, we empower West African financial institutions to onboard customers faster while fully meeting BCEAO's rigorous standards. This partnership underscores our commitment to driving financial inclusion without compromising security.' IDCanopy Founder and CEO, Bernhard Reiterer added, 'Our collaboration with DAT bridges European compliance excellence with West Africa's unique regulatory landscape. Together, we're setting a new benchmark for secure, scalable KYC solutions that combat financial crime and foster economic growth.' Availability The DAT-IDCanopy KYC suite is available immediately via API, SDK, or hosted page. Financial institutions can request a customized demo or compliance consultation by contacting DAT today. Distributed by APO Group on behalf of Digital Afrique Telecom. Media Contact: Digital Afrique Telecom Phone: +225 07 07 966 134 Email: About Digital Afrique Telecom (DAT): Digital Afrique Telecom (DAT) is a pan-African mobile technology company leader in digital transformation, offering telecom, fintech, and regulatory compliance solutions across the UEMOA region. Present in over 20 African countries, DAT is specialised in development, aggregation, hosting and sales of mobile content and solutions. Working with key industry players such as Airtel, MTN and Orange, DAT can access over 40 mobile operators based in Africa and more than 110 million subscribers of mobile services. DAT provide smart, reliable and bespoke mobile technology services for mobile operators in various industries such as health, education and financial services. About IDCanopy: IDCanopy, headquartered in Vienna, Austria, is a market leader in compliant customer onboarding, providing integrated KYC/KYB, eSigning, and AML solutions trusted by banks, insurers, and governments globally.
Daily News Egypt
10-03-2025
- Business
- Daily News Egypt
CBE hosts BCEAO delegation to showcase Egypt's leading banknote printing facility
As part of Egypt's commitment to strengthening ties and fostering collaboration with African nations, the Central Bank of Egypt (CBE) welcomed a delegation from the Central Bank of West African States (BCEAO) for an in-depth exchange on banknote printing operations. The visit provided the BCEAO delegation with valuable insights into the establishment and advanced capabilities of Egypt's state-of-the-art Banknote Printing House, recognized as one of the most sophisticated facilities in the Middle East and Africa. The visit is part of the BCEAO's efforts to leverage Egypt's expertise in developing its own national printing facility. The delegation toured the Printing House in the New Administrative Capital, observing every stage of banknote production—from initial design to final delivery at the Cash Center. They also explored the facility's production capacity, which not only meets Egypt's domestic needs but also serves other countries in the region. During the visit, BCEAO officials examined the cutting-edge technologies integrated into the Printing House's operations, as well as the facility's high-level security measures designed to prevent counterfeiting. They were also briefed on the stringent quality control protocols in place, ensuring precision and durability in banknote production through rigorous testing at every stage. Additionally, the delegation learned about the facility's dedicated Research and Development (R&D) efforts, which drive continuous innovation, enhance production efficiency, and support seamless currency circulation. This marks the BCEAO's second visit to Egypt's Printing House in less than two years. Their previous visit took place during the African Currency Forum, hosted by Egypt in 2023, where they first explored the facility's capabilities. Once again, the delegation reaffirmed the Printing House's status as a world-class hub, equipped with the latest global technologies and setting new standards in banknote production.
Egypt Today
10-03-2025
- Business
- Egypt Today
Central Bank of West African States visits Egypt's Banknote Printing House to learn from CBE's advanced techniques
Cairo – March 10, 2025: A delegation from the Central Bank of West African States (BCEAO) recently visited Egypt's state-of-the-art Banknote Printing House in the New Administrative Capital, which is considered one of the most advanced of its kind in the Middle East and Africa. The BCEAO delegation is exploring the possibility of establishing its own national printing facility, drawing on Egypt's expertise. The delegation explored the entire banknote production process and learned about the innovative technologies and security measures employed at the facility. This visit provided an opportunity for the delegation to witness firsthand the advanced technologies and processes involved in Egypt's currency production. The delegation was given an extensive tour of the Banknote Printing House, where they observed every stage of the banknote production process, from initial design to the final delivery at the Cash Center. The facility's capacity to meet the printing needs of Egypt and other regional countries was also showcased. One of the highlights of the tour was the high-tech security measures in place to protect the printed banknotes from counterfeiting. The delegation was briefed on the facility's advanced security systems, which play a crucial role in safeguarding the integrity of the currency. Additionally, they were informed about the quality control processes that ensure precision and consistency at every stage of production. Stringent testing protocols are implemented to guarantee that the banknotes meet the highest standards before they are issued. The delegation was also introduced to the ongoing Research and Development (R&D) initiatives aimed at improving product quality, enhancing production efficiency, and ensuring seamless currency circulation. This visit marks the second time the BCEAO has visited Egypt's Banknote Printing House in less than two years. Their first visit took place during the African Currency Forum in 2023, also hosted by Egypt. During that time, the BCEAO delegation acknowledged the advanced capabilities of the Printing House, recognizing it as a world-class facility that incorporates cutting-edge technologies used in global banknote production.
Associated Press
29-01-2025
- Business
- Associated Press
Canagold Receives Process Order to Proceed with Environmental Assessment Application for Permitting the New Polaris Project
VANCOUVER, British Columbia--(BUSINESS WIRE)--Jan 29, 2025-- Canagold Resources Ltd. ('Canagold' or the 'Company') (TSX: CCM, OTC-QB: CRCUF, Frankfurt: CANA), is pleased to announce a significant permitting milestone in the advancement of its New Polaris Project ('the Project'), located in the Traditional Territory of the Taku River Tlingit in northwestern British Columbia. The British Columbia Environmental Assessment Office (BCEAO) has issued a process order, enabling the Project to proceed to the Application Development and Review phase of the Environmental Assessment. This marks a crucial step forward in the permitting process for the New Polaris Project. During this phase, Canagold will prepare and submit its application for an Environmental Assessment Certificate while continuing its robust engagement efforts with Indigenous Nations, regulatory bodies, and other stakeholders. Prior to issuing the process order, BCEAO conducted a thorough review process that included feedback from participating Indigenous Nations, the Technical Advisory Committee (TAC), Alaskan Tribes, and the public, facilitated through a public comment period. 'We are thrilled to continue advancing our permitting efforts for the New Polaris Project,' said Catalin Kilofliski, CEO of Canagold Resources. 'This milestone highlights our commitment to responsible mining practices and ongoing collaboration with Indigenous Nations, local communities, and other stakeholders. We look forward to building on this progress and moving the New Polaris Project closer to becoming a sustainable gold mining operation.' The New Polaris Project reflects Canagold's dedication to creating long-term value while adhering to high environmental, social, and governance (ESG) standards. The Company will continue to provide updates as it advances through the permitting process and prepares for the next stages of project development. About Canagold Resources Ltd. Canagold Resources Ltd. is an advanced development company dedicated to advancing the New Polaris Project through feasibility, permitting, and production stages. The Company's flagship asset, the New Polaris Project, is a high-grade gold-antimony deposit located in British Columbia, Canada. Additionally, Canagold aims to expand its asset base by acquiring advanced projects, positioning itself as a leading project developer. With a team of technical experts, the Company is poised to unlock substantial value for its shareholders. For further information about the New Polaris Project and Canagold Resources Ltd, please visit Canagold's website at SOURCE: Canagold Resources Ltd. Copyright Business Wire 2025. PUB: 01/29/2025 05:00 AM/DISC: 01/29/2025 05:00 AM
