Nigeria’s SEC orders capital market firms to restrict dealings with Iran, two other countries
5 Articles
5 Articles
Nigeria’s SEC orders capital market firms to restrict dealings with Iran, two other countries
Nigeria’s Securities and Exchange Commission, SEC, has ordered capital market firms to suspend dealings with financial institutions in North Korea, Iran and Myanmar. The SEC issued the directive in a circular released on Friday to listed entities and other Capital Market Regulated Entities, CMREs, citing the Financial Action Task Force, FATF. Accordingly, the SEC explained […] Nigeria’s SEC orders capital market firms to restrict dealings with I…
Nigerian financial authorities have ordered all capital market firms in Nigeria to immediately cease business ties with North Korean financial institutions.
SEC Bans Capital Market From Dealing With North Korea, Iran
The Securities and Exchange Commission (SEC) has banned capital market firms from conducting business with North Korea and Iran as part of new anti‑money‑laundering and counter‑terrorism financing measures. The regulator also expanded its crypto sandbox by admitting three more virtual asset service providers, bringing the total in the Accelerated Regulatory Incubation Programme to 14. In a circular dated June 19 but released to the market on Aug…
SEC orders Nigerian capital market firms to cut North Korea, Iran ties
The Securities and Exchange Commission (SEC) has ordered all capital market regulated entities in Nigeria to terminate correspondent banking relationships and restrict business dealings involving North Korea and Iran, as part of sweeping anti-money laundering and counter-terrorism financing measures that take immediate effect. The directive was disclosed in a circular to all capital market regulated […] The post SEC orders Nigerian capital mark…
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