ABUJA: NIGERIA has been rated first among the most compliant states in terms of adhering to money laundering regulations.
The rating follows the Financial Intelligence Unit’s (NFIU’s) compliance with the Financial Action Task Force 40 + 9 Recommendations.
According to a NFIU statement the rating was the highpoint of deliberations at the 21 plenary sessions of the Inter-Governmental Action Group against Money Laundering (GIABA) in Niamey, Niger Republic.
The unit added that the accolade contradicts publication in section of the media alleging that the NFIU had been frozen out of the committee of global Financial Intelligence Units.
“One of such reports had alleged that the NFIU, an autonomous body domiciled within the EFCC, stand the risk of being suspended from the Egmont Group by June 1, 2014. This claim, in addition to the report that the NFIU has been disconnected from the Secured Web of the Egmont Group and cannot share intelligence with other Financial Intelligence Units around the world, is unfounded and patently false.”
NFIU’s membership of the Egmont Group was not under any threat.
“Indeed, the Unit has been discharging its obligations to the Group. The much touted disconnection of the NFIU from the Egmont Secured Web has also become a relic, as the Unit has since been re-connected to the ESW, with unfettered access to other 138 members of the Group”.
The unit added that the rating came after a report by a team from the Egmont Group that visited the NFIU to assess the situation in the aftermath of the controversial reported barricade of the Unit by armed security operatives in November 2013.
“The fact finding team upon the completion of its investigation, observed that the armed security presence did not in any way interfere with the operations of the Unit but that they were only stationed to ensure an orderly transition of FIU directors. The team therefore recommended that the NFIU be re- connected to the Egmont Secured Website.
SOURCE: CAJ NEWS AGENCY