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In their insightful article, TEMPLARS Partner and Head, Investigations, White Collar and Compliance, Emmanuel Gbahabo and Associate Emediong Okodi address the rising concerns over money laundering in Nigeria’s cross-border transactions amid the country’s placement on the Financial Action Task Force (FATF) Grey List.

The article underscores the critical need for strict adherence to anti-money laundering (AML) regulations to protect businesses from criminal activities.

It delves into Nigeria’s key AML laws, including the Money Laundering (Prevention and Prohibition) Act 2022 and Central Bank of Nigeria (CBN) regulations, which impose stringent controls on cross-border transactions, correspondent banking, and dealings with politically exposed persons.

Additionally, the piece provides a comparative analysis of AML best practices from Ghana, the UK, and Brazil, showcasing how these countries have strengthened their AML frameworks to effectively manage risks.

View full publication

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