Regulatory Alerts2019-08-01
Nigeria National AML/CFT Strategy 2018-2020
The Nigerian National Risk Assessment Forum, operating under the Inter-Ministerial Committee, issued this three-year strategic plan to systematically mitigate identified money laundering and terrorist financing risks across financial and designated non-financial sectors. The strategy mandates legislative amendments, enhanced regulatory supervision, and integrated information-sharing platforms to strengthen institutional capacity and inter-agency coordination. By implementing these targeted preventive measures and capacity-building initiatives, Nigeria aligns its AML/CFT framework with FATF and GIABA international standards ahead of the next mutual evaluation.
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