From Juliana Taiwo-Obalonye, Abuja
Nigeria has made significant progress in strengthening its anti-money laundering and counter-terrorist financing (AML/CFT) regime, earning upgraded technical compliance ratings from the Financial Action Task Force (FATF) at its June 2024 Plenary meeting in Singapore.
A statement released on Friday by the Strategic Communications Office of the Nigerian Financial Intelligence Unit (NFIU) signed by Shehu Sani said FATF approved Nigeria’s 3rd Progress Report, recognising the country’s commitment to fully implementing the FATF Action Plan and the continued efforts by the Intergovernmental Action Group Against Money Laundering in West Africa (GIABA) to enhance its technical capacity.
The Nigerian delegation to the plenary also included the Executive Chairman of the Economic and Financial Crimes Commission (EFCC), the Director of the Special Control Unit against Money Laundering (SCUML) and the Chief of Staff to the CEO of the NFIU.
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