The Financial Action Task Force (FATF) has removed Nigeria from its grey list.
This decision follows Nigeria’s successful and timely completion of its FATF Action Plan, marking over two years of sustained effort, reform and inter-agency coordination aimed at strengthening the country’s Anti-Money Laundering and Counter-Financing of Terrorism (AML/CFT) framework.
The FATF is the world’s foremost standard-setting body for combating money laundering, terrorist financing, and proliferation financing.
The announcement formally removed Nigeria from the list of jurisdictions under increased monitoring, commonly referred to as the “grey list”.
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