US EditionNigeria Delisted From Global Money Laundering Watch List
Nigeria, South Africa, Mozambique, and Burkina Faso achieved removal after over two years of reforms addressing anti-money laundering and counter-terrorist financing gaps, FATF said.
- On Friday, the Financial Action Task Force removed Nigeria, South Africa, Mozambique, and Burkina Faso from its grey list, announcing the decision at its Paris plenary, NFIU Director Hafsat Abubakar Bakari revealed.
- Nigeria's implementation of a 19-point FATF Action Plan involved over two years of inter-agency coordination and enactment of the Money Laundering Act, 2022, the Terrorism Act, 2022, and operationalisation of the Beneficial Ownership Register.
- Nigeria was represented at the FATF plenary by a high-level delegation including the Attorney-General of the Federation, Minister of Finance, and Minister of Interior, with President Bola Tinubu describing the development as a major milestone.
- The delisting may bolster international confidence in the countries' financial systems, as the Financial Action Task Force underscores their commitment to global standards in combating financial crimes.
- Authorities must sustain the reform momentum, as NFIU leadership urged stakeholders to maintain progress while the Federal Government of Nigeria and intelligence and law enforcement agencies enhance cooperation.
24 Articles
24 Articles
FATF Delists Nigeria From Global Financial Watchlist
The Financial Action Task Force (FATF) has formally removed Nigeria from its list of jurisdictions under increased monitoring, also known as the grey list. Checks showed that Burkina Faso, Mozambique, and South Africa were also removed from the grey list at the same plenary. The decision was taken at the FATF October 2025 Plenary in Paris, France, following the country’s successful implementation of a 19-point action plan aimed at strengthening …
Daily Post Nigeria
thengblog.com.ngNigeria delisted from global money laundering watch list
The Financial Action Task Force, FATF, has delisted Nigeria from its “gray” list of countries with deficiencies in anti-money laundering and counter-terrorist financing frameworks. FATF made this disclosure at the end of a plenary meeting on Friday. DAILY POST reports that South Africa, Mozambique, and Burkina Faso were among the four African countries removed from the list. The global finance watchdog said the countries’ governments stepped up …
The Financial Action Task Force (Gafi), which fights against money laundering and the financing of terrorism, released on Friday its "grey list" of countries under enhanced surveillance Burkina Faso, Mozambique,...
African Nations Triumph: Removal from FATF ‘Grey List’
African Nations Triumph: Removal from FATF ‘Grey List’ The Financial Action Task Force (FATF) has announced the removal of four African nations—South Africa, Nigeria, Mozambique, and Burkina Faso—from its 'grey list' of countries under increased scrutiny for illicit financial activities.Intersperse to analysts, this development may pave the way for easier capital inflows and streamlined financial transactions within these nations. South Africa a…
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