Niger is tightening controls on large cash transfers as part of efforts to combat terrorism financing and illicit financial flows, according to a communiqué issued by the Secretary-General of the Government.
Under the new framework, cash movements exceeding the thresholds set by banking regulations must be declared in advance to the relevant authorities under Joint Order No. 000428, which establishes a special regime for the physical transport of funds.
Transfers supported by valid documents matching the amount being transported can proceed without delay. But undeclared funds, inconsistent documentation or suspected offenses may trigger further checks and legal procedures.
The communiqué also states that funds previously seized or detained may be returned to their legitimate owners once their origin, ownership and destination have been verified, provided there is no judicial obstacle.
Financial institutions, payment companies, businesses and the public have been urged to comply with the new procedures, while the ministers responsible for Economy and Finance, Justice, and Interior and Public Security have been tasked with implementing the measures.
The government says the new framework is designed to strengthen the fight against terrorist financing while ensuring that legitimate financial transactions can continue to move through the economy.
