Regulatory Alerts2021-01-01
Advisory Based on the FATF Identified Jurisdictions with AML/CFT and Proliferation Deficiencies (Grey-List) (March 2021)
The regulatory authority issued this advisory to update stakeholders on the FATF identified jurisdictions with AML/CFT and proliferation deficiencies as of March 2021. Financial institutions are required to file Suspicious Transaction Reports on both the GoAML and RapidAML platforms to ensure compliance with these heightened risk standards. The directive also mandates adherence to the UN Consolidated List for Nigerian sanctions updates to mitigate associated legal and reputational risks.
Share