Ouagadougou: Etienne Compaore And Kossoto Lazare Bado Have Conducted An Analysis On The Effects Of Financial Crime On Burkina Faso's Economic Growth Over The Period From 2012 To 2023. The Research Utilizes Three Databases-WDI, Transparency International, And Basel AML-To Assess The Impact.

According To Burkina Information Agency, The Study Employs A Multiple Linear Regression Model Estimated Using The Generalized Least Squares (GLS) Method: Prais-Winsten. The Findings Indicate That Financial Crime, As Measured By The Corruption Perceptions Index (CPI) And The Money Laundering And Terrorism Financing Index (Basel AML), Has A Negative Impact On Per Capita GDP.

The Researchers Recommend That Policymakers Enforce Laws More Rigorously And Strengthen The Powers Of Oversight Entities Such As The Court Of Auditors, The High Authority For The Fight Against Corruption (ASCE-LC), The National Anti-Corruption Network, And The National Financial Intelligence Processing Unit (CENTIF). Additionally, Digitalizing Public Administration In Areas Like Tax Procedures, Public Procurement, And Asset Declarations Could Help Curb Illicit Practices.