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National Inherent Risk Assessment of Money Laundering in Nigeria 2022
This document presents the 2022 National Inherent Risk Assessment of Money Laundering in Nigeria, evaluating threats from predicate crimes and vulnerabilities across financial and non-financial sectors. It identifies corruption, bribery, drug trafficking, and fraud as very high money laundering threats, while assessing the banking, insurance, virtual asset, and DNFBP sectors for inherent vulnerabilities. The assessment details specific risk ratings for products and services, such as current accounts and mobile electronic banking, and outlines the economic, social, and political consequences of money laundering. It concludes by summarizing existing mitigating measures and enforcement actions taken by regulatory bodies.