FATF Greylisting: Implications and Learnings from a Global South Perspective: Nigeria as a Case Study

This project is sponsored by the Economic and Social Research Council’s Revolving Impact and aims to provide critical insights into the implications of Nigeria’s recent greylisting by the Financial Action Task Force (FATF) while strengthening the capacity of key stakeholders to implement the FATF’s anti-money laundering and counter-terrorist financing (AML/CFT) regime effectively.

The project will involve engaging stakeholders, including policymakers, enforcement actors, and civil society organizations, based on extensive research conducted by the GSDEC Network. Through a series of capacity-building workshops and the development of policy primers and briefs, the project seeks to empower agencies to conduct investigations, prosecutions, and confiscation in line with Nigeria’s risk profile.

Over two years, the project will conduct physical workshops and hybrid engagements, resulting in the curation of a resource bank of materials and an e-learning space to support knowledge sharing and capacity building. Additionally, a monitoring framework will track and evaluate the project’s progress, documenting any changes or impacts within Nigeria and other grey-listed African countries.

The project’s findings will be disseminated through various channels, including the Warwick Law School’s project website page, and the GSDEC website and workshops, providing policymakers and enforcement actors with critical insights into the implications of greylisting and compliance challenges faced by Global South countries. Policy briefs will offer recommendations for improved compliance and address greylisting through individual and collective action.

Ultimately, we aim to enhance integrity and economic outcomes for Nigerians and other stakeholders affected by FATF greylisting; and we look forward to collaborating with our partners and stakeholders to achieve these important objectives.