Mankeur Ndiaye Proposes Dedicated Platform for All Senegalese Asset Declarations

• Mankeur Ndiaye proposes making all Senegalese asset declarations publicly available on a dedicated platform or the Ofnac website.
• The current system only requires certain declarations to be made public, with those of high-ranking officials being the most accessible.
• Out of 3,023 people concerned, 1,695 declarations have been registered, while 1,328 individuals are still considered delinquent.
• The proposed legislation could increase transparency and accountability in Senegalese asset declarations, potentially impacting clients with assets or interests in the country.
• Mankeur Ndiaye's proposal is part of a broader effort to promote transparency and good governance in Senegal.

Mankeur Ndiaye argues that transparency should apply to all individuals concerned, not just a select few.

A proposal has been put forward by Mankeur Ndiaye to make all Senegalese asset declarations publicly available on a dedicated platform or the Ofnac website. This move would involve publishing the declarations of all individuals subject to the law, without exception. The current system only requires certain declarations to be made public, with those of the President, Speaker of the National Assembly, and Prime Minister being the most accessible to the public. Mankeur Ndiaye argues that transparency should apply to all individuals concerned, not just a select few. He suggests grouping these information on a dedicated platform or directly on the Ofnac website.

The proposal comes as the Ofnac has recently published provisional lists of individuals subject to the law and those who have failed to declare their assets. Out of 3,023 people concerned, 1,695 declarations have been registered, while 1,328 individuals are still considered delinquent. The asset declaration law (SN) requires individuals to disclose their assets and interests, but the current system has raised questions about transparency and accountability. Mankeur Ndiaye's proposal aims to address these concerns by making all declarations publicly available.

The proposed legislation could have significant implications for lawyers and compliance officers working with clients who have assets or interests in Senegal. Increased transparency and accountability could lead to a more level playing field, reducing the risk of corruption and illicit financial flows. Mankeur Ndiaye's proposal is part of a broader effort to promote transparency and good governance in Senegal, and its success could set a precedent for other countries in the region.

Lawyers and compliance officers should monitor the development of this proposed legislation, which could increase transparency and accountability in Senegalese asset declarations, potentially impacting clients with assets or interests in the country.

Source: Original reporting via Senegal7