Regulatory Alerts2022-11-01
Designation of Ten Individuals and Three Entities by the Nigeria Sanctions Committee
The Economic and Financial Crimes Commission has designated ten individuals and three entities by adding them to the Nigeria Sanctions List. Designated non-financial businesses and professions must immediately freeze related assets, prohibit dealings with the listed parties, and file suspicious transaction reports with the National Financial Intelligence Unit. The circular mandates continuous monitoring of name matches and derived assets, with all targeted financial sanctions taking immediate effect.
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