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FINANCIAL ACTION TASK FORCE
Financial crime watchdog, the Financial Action Task Force (FATF), has raised an alarm over the rise of illicit finance through cryptocurrencies, warning that this could have dire consequences for the global financial market.
The Central Bank of Nigeria (CBN) has issued a draft framework aimed at overhauling anti-money laundering (AML) practices across the country’s financial sector.
The federal government has said it would take all necessary steps to remove Nigeria from the grey list of the global Financial Action Task Force (FATF), before the May 2025 deadline.
Stakeholders are rallying for Nigeria's removal from the grey list of Financial Action Task Force (FATF), highlighting the significant potential to slash transaction costs and boost remittance flows