Regulatory Alerts2023-11-18
typologies Of Money Laundering From Illicit Trafficking In Drugs And Psychotropic Substances In Nigeria
The Nigerian Financial Intelligence Unit (NFIU) has released a detailed report on money laundering typologies stemming from illicit drug trafficking in Nigeria. Addressed to policymakers, law enforcement, and financial institutions, the report outlines key trends, vulnerabilities, and challenges in combating drug-related financial crimes. It emphasizes the need for strengthened inter-agency cooperation, enhanced resource allocation, and improved international partnerships to effectively disrupt and dismantle criminal networks involved in drug trafficking and money laundering.