Nigeria Removed from EU's Financial Crime High-Risk List
The European Union has officially removed Nigeria from its list of high-risk jurisdictions for money laundering and terrorism financing, a decision expected to ease cross-border transactions and improve investor confidence.
The update was published on the European Commission’s...
Nigeria’s exit from the Financial Action Task Force (FATF) saved the country from losing over $30 billion investment that resulted from lack of investors’ confidence.
Hafsat Bakari: The Reformer Restoring Global Confidence in Nigeria’s Financial System, by Adagher Tersoo
When Nigeria was placed on the Financial Action Task Force (FATF) grey list in 2023, few believed the country could swiftly reverse its fortunes.
The designation, a diplomatic rebuke signalling strategic deficiencies...
The Financial Action Task Force (FATF) has approved Nigeria’s fifth progress report since the country was placed under jurisdictional monitoring in February 2023.
BDCs In ‘No Error Mode’ As FATF Visit Beckons
There is no doubt that a lot has happened with the Bureau De Change (BDC) segment of the nation’s foreign exchange (forex) market.
They are regarded as the weakest link and most implicated, whether true or false...
