FATF commends Nigeria’s efforts to exit grey list

The Financial Action Task Force (FATF) has praised Nigeria’s efforts to exit the greylisting of the country by the global financial watchdog.

The commendation was given by the officials of the organisation at a meeting between the Nigerian delegation to the plenary meeting of the group in Paris, France, officials of the FATF and the United States of America.

Also, during the 40th GIABA Technical Commission and Plenary Meetings held in Abuja recently, Nigeria’s progress was reported and commended by the Vice-President of the FATF. Jeremy Weil, who attended the meeting.

After the plenary, Nigeria’s 2nd progress report was adopted including approval of upgrades against six of the FATF criteria. The country is now compliant or largely compliant with 32 of the 40 FATF recommendations demonstrating its continued commitment to improving its Anti Money Laundering and Counter Financing of Terrorism (AML/CFT) framework.

The FATF had in February placed Nigeria on its…

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FATF commends Nigeria’s efforts to exit grey list

 

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