Our locations:

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

Related posts

14 October 2024

Understanding the Bank of Ghana Gold Coin
The Bank of Ghana recently launched the Ghana Gold Coin (GGC), a new investment option aimed at stabilizing the economy and reducing excess liquidity.

7 October 2024

Nigerian Data Protection Commission Extends Data Controllers and Processors of Major Importance Registration Deadline and Imposes New Restrictions
The Nigerian Data Protection Commission (NDPC) has extended the registration deadline for Data Controllers and Processors of Major Importance (DCMIs/DPMIs) from September 30, 2024, to October 31, 2024.

2 October 2024

Navigating Copyright Infringement Risks in Training Large Language Models: A Ghanaian Perspective
In the rapidly growing AI sector in Ghana, companies face increasing challenges related to copyright infringement, particularly when using text data to train Large Language Models (LLMs).