News

Nigeria has topped a regional anti-money laundering watchdog group's list of African countries with poor compliance controls, according to a news report published Wednesday. The country has the weakest anti-terrorist financing standards when compared to 11 other West African countries, according to remarks attributed to Dr. Abdullahi Shehu, the director of the Inter-governmental Action Group Against Money Laundering and Terrorist Financing in West Africa (GIABA), by the Nigerian News Service. Although Nigeria has improved its anti-money laundering programs enough to get off international and U.S. blacklists in 2006 and 2007, it has not yet met standards set by the regional...