The Nigerian Financial Intelligence Unit (NFIU) has said the country has recorded a breakthrough in its fight against money laundering and terrorism financing, earning the approval of the Financial Action Task Force for an on-site assessment.
According to the agency, the assessment is an essential step toward exiting the global watchdog’s grey list.
FATF is the global body established in 1995 to lead international action to combat money laundering, terrorism, and proliferation financing.
