Regulatory Alerts2021-06-01
Added · Updated
Nigerian National Risk Assessment on Money Laundering and Terrorism Financing 2016
The Nigerian National (Money Laundering & Terrorist Financing) Risk Assessment Forum issued this 2016 report to mandate comprehensive risk evaluations and targeted compliance upgrades across Nigeria’s financial and non-financial sectors. It details sector-specific vulnerabilities in banking, capital markets, insurance, other financial institutions, and designated non-financial businesses while assessing the effectiveness of existing anti-money laundering controls. The document requires regulatory bodies to implement prioritized risk-mitigation strategies, strengthen intelligence dissemination, and close enforcement gaps to align national frameworks with international standards.
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