Search results
Results From The WOW.Com Content Network
The Economic and Financial Crimes Commission (EFCC) was established on December 12, 2002, by President Olusegun Obasanjo's administration to combat financial crimes and money laundering. The commission's creation was partly in response to pressure from the Financial Action Task Force (FATF) on Money Laundering, which had ranked Nigeria as one ...
Money laundering is the process of ... and Switzerland, by the president of Nigeria. ... Implemented the Proceeds of Crime Act (POCA) to establish money laundering ...
ABUJA (Reuters) -A Nigerian court on Wednesday ordered the release of Binance executive Tigran Gambaryan after the government dropped money laundering charges against him to allow him to get ...
The company is also facing separate money laundering charges by Nigeria's anti-graft agency, which it has denied. (Reporting by Camillus Eboh; Writing by Elisha Bala-Gbogbo; Editing by Bernadette ...
The NFIU was established in 2004 as an autonomous unit within the central coordinating body for the country's Anti-Money Laundering, Counter-Terrorist Financing, and Counter-Proliferation Financing (AML/CFT/CPF) framework of Central Bank of Nigeria. It also operates as part of Economic and Financial Crimes Commission.
The money laundering charges were dropped to allow Gambaryan to get medical attention, an EFCC lawyer told Reuters, but “diplomatic arrangements” also aided in securing his release.
The first anti–money laundering legislation in Bangladesh was the Money Laundering Prevention Act, 2002. It was replaced by the Money Laundering Prevention Ordinance 2008. Subsequently, the ordinance was repealed by the Money Laundering Prevention Act, 2009. In 2012, government again replaced it with the Money Laundering Prevention Act, 2012 ...
In May, 2022, the Accountant General of Nigeria, Ahmed Idris was arrested for money laundering and diversion of public funds. His tenure had been extended by President Mohammed Buhari in 2019 despite the fact that he had clocked 60yrs which is the mandatory age for retirement. [103]