Please provide a summary of the key corruption risks and anti-corruption interventions in Benin, with a focus on the financial sector.
Summary
Corruption in Benin is generally perceived to be lower than in many other West African countries; however, significant challenges persist. Bribery, embezzlement and the laundering of illicit proceeds remain prevalent, which undermines public services and hinders development. Additional concerns include land grabbing and instances of sexual corruption within educational, employment and healthcare settings. While the government has recently introduced reforms to strengthen anti-corruption institutions, signalling a commitment to addressing these issues, critics contend that these bodies remain susceptible to political influence and capture.