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NEWS UPDATE: Nigeria to join Financial Action Task Force on money laundering, terrorism financing

NEWS UPDATE: Nigeria to join Financial Action Task Force on money laundering, terrorism financing

Nigeria has shown status to join the participation of the worldwide Financial Action Task Force (FATF) on tax evasion and psychological warfare financing.

Attorney-General and Minister of Justice, Abubakar Malami, made the divulgence to the intergovernmental Action Group Against Money Laundering in West Africa (GIABA).

A explanation on Saturday by his representative, Umar Gwandu, gave subtleties of the meeting.

Malami said the Nigerian Financial Intelligent Unit had given an Executive Alert to all Ministries, Departments and Agencies (MDA) for FATF implementation.

The serve expressed gratitude toward the guard dog, GIABA and part states for inspecting and embracing the just-closed second Mutual Evaluation Report (MER) of Nigeria.

The senior supporter guaranteed that the nation was ready to focus on all actions against tending to illegal tax avoidance and psychological warfare financing.

Requesting GIABA’s help, Malami said once the assessment of the MER is finished up, Nigeria will begin the application for FATF membership.





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