Regulatory Alerts2023-06-21
assessment Of Money Laundering Typologies From Corruption In Nigeria
The Nigerian Financial Intelligence Unit (NFIU) has released a report assessing money laundering typologies from corruption in Nigeria. The report highlights the various methods used by criminals to launder the proceeds of corruption, including using politically exposed persons, undeclared assets, and legal entities. The report also provides case studies and red flags to help identify and prevent money laundering. The NFIU hopes that this report will help to combat corruption and promote transparency and accountability in Nigeria.