Despite significant regulatory efforts, money laundering and terrorism financing remain a major threat to Nigeria’s financial sector. According to Statista, Nigeria’s risk index for money laundering and terrorist financing averaged 6.9 out of 10 between 2018 and 2023, indicating a…
In today’s ever-evolving financial and regulatory landscape, compliance has become more than just a legal checkbox. It is now a fundamental pillar of any business striving to thrive and build trust in its ecosystem. This is particularly true in Nigeria,…
Effective compliance is a cornerstone of any successful financial institution or business operating within regulated environments. One critical tool that aids in meeting Anti-Money Laundering (AML) requirements is GoAML, a software developed by the United Nations Office on Drugs and…
The Securities and Exchange Commission (SEC) in Nigeria plays a pivotal role in regulating and overseeing the financial market. It is responsible for ensuring the transparency, integrity, and accountability of organizations under its jurisdiction. As part of these responsibilities, the…
