The Proceeds of Crime (Recovery and Management) Act 2022: A Summary
Introduction Financial crime laws typically revolve around the trinity issues of money laundering, treatment of proceeds of crime, and criminalization of terrorist financing. The inclusion of treatment of proceeds of crime is premised mainly on the idea that criminal elements should not be allowed to benefit from their crimes. Yet, the UN estimates that $2 […]
An Overview of CBN’s Digital Financial Service Awareness Rules
Introduction Software is eating financial service delivery in Nigeria. Fintech is daily expanding its offerings to enhance customer satisfaction and leverage technological evolution. With these modern developments come problems such as consumer protection, financial exclusion due to insufficient literacy, increased exposure to fraud, etc. To address some of these issues, the Central Bank of Nigeria […]