Joint EG-FATF Trade-Based Money Laundering Risk Indicators
The Financial Action Task Force, in collaboration with Egmont Group has published a list of Trade-Based Money Laundering (TBML) risk indicators. The […]
Effectiveness of Whistleblowing Frameworks in Africa
Whistleblowing can be a highly instrumental tool in curtailing corruption. The act of Whistleblowing is not a common practice in Africa and […]
Africa: Nigeria Becomes Global Hub for Ivory and Pangolin Scale Trafficking
According to research conducted by National Geographic, pangolin scales have no verifiable medicinal values. However, this does not stop the illegal trafficking […]
The Central Bank of Nigeria Places a Ban on Cryptocurrencies
In an attempt to curb illicit financial transactions in the country, the Central Bank of Nigeria, on 5 February 2021, issued a […]
India: The Finance Act, 2019 amends the Prevention of Money Laundering Act, 2002 (PLMA).
The Finance Act, 2019 has introduced significant amendments to the Prevention of Money Laundering Act (PLMA), 2002. Through the amendments, the government […]
Nigeria’s President sends “Proceeds of Crime Recovery and Management Bill” to House of Representatives.
On 16 September 2020, the Nigerian Federal Ministry of Justice presented a memo at the Federal Executive Council (FEC) meeting focused on […]
Trade-Based Money Laundering: Trends and Developments
Trade remains weakly regulated for money laundering in-spite of widespread evidence of its vulnerability and use. Trade-based money laundering (TBML) trailed the pandemic, with […]