Global Anti-Money Laundering Agency Re-Admits Nigeria

Global anti-money laundering

Global Anti-Money Laundering Agency Re-Admits Nigeria

Global Anti-Money Laundering Agency Re-Admits Nigeria – The Egmont Group of Financial Intelligence Units has re-admitted and reconnected Nigeria to its secure website (ESW).

  The Director, Nigeria Financial Intelligence Unit (NFIU), Mr. Francis Usani, made the disclosure yesterday at a pre-assessment training for the country organised by the Inter-Governmental Action Group against Money Laundering in West Africa (GIABA) in Abuja.

  He said the move followed the lifting last Wednesday of the suspension earlier imposed on the nation.

  Usani stated: “I will like to use this opportunity to announce to you today that the selfless efforts you have all made towards the lifting of the Egmont suspension imposed on the NFIU have yielded a positive result. Nigeria is back as an active member of the Egmont Group of FIUs and we have been reconnected to the Egmont Secure Website (ESW).”

  The NFIU boss said following the new development, the nation would file an appeal to the Financial Action Task Force (FATF) to recommence the process of its membership affected by the Egmont’s suspension.

   The Director General of GIABA, Mr. Kimelabalou Aba, commended the Nigerian government for enacting the NFIU Act 2018 and other institutional frameworks for the effective implementation of the FATF standards.