Regulatory Alerts2020-10-07
nfiu Covid19 Advisory
This advisory from the Nigerian Financial Intelligence Unit (NFIU) highlights the increased risks of financial crimes associated with the COVID-19 pandemic. It warns relevant agencies about potential exploitation of the crisis through cybercrime, fraud, counterfeiting, and diversion of public funds. The advisory offers guidance on managing these risks, emphasizing vigilance, compliance with AML/CFT regulations, and enhanced due diligence, especially regarding NGOs and digital onboarding of customers.