Regulatory Alerts2025-05-09
Added · Updated
Emerging Threat on the Role of Logistics Network and Suppliers in Terrorism Financing
The Nigerian Financial Intelligence Unit (NFIU) issues a report analyzing how terrorist groups exploit logistics networks, including haulage vehicles, motorcycles, and suppliers, to transport weapons, funds, and supplies. The document details specific vulnerabilities within the courier and transport sectors, citing case studies where individuals facilitated terrorism financing through the concealment of arms and provision of licit and illicit goods. It urges Financial Institutions and Designated Non-Financial Businesses and Professions to enhance suspicious transaction reporting and encourages collaboration among law enforcement, intelligence agencies, and the public to disrupt these supply chains.