With the support of Open Society Initiative for Western Africa (OSIWA), the Nigeria Network of NGOs (NNNGO) in collaboration with the Special Control Unit Against Money Laundering (SCUML), organised two regional workshops in Lagos state and Abuja on 19th and 26th February 2018 respectively.
The workshops with the theme Effective Implementation of Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) Requirements in the NPO Sector in Nigeria were one-day events respectively and aimed at sensitizing non-profit organisations on the Nigerian anti-money laundering and combating the financing of terrorism regime.
Participants were taken through the Financial Action Task Force (FATF) and (GIABA) standards on anti-money laundering and counter-terrorism financing (AML/CTF) for nonprofit organizations (NPOs) and the compliance requirements; the sectoral risk assessment process, its objectives and NPOs’ role from the perspective of FAFT standards with comparative practices of other countries as well as the mutual evaluation process by GIABA / FATF in Nigeria and how this may affect NPOs.
Inclusive were tools and strategies for preventing terrorist abuse of the NPO sector followed by discussions on future strategy of NPO engagement in the evaluation process in Nigeria.
Click here to access presentations made by speakers at both events;
Overview of International AML/CFT Standards on NPOs By Ms. Ibinabo Mary Amachree, Head of Information and Data Management, SCUML. (Download)
An Overview of the Anti Money Laundering/Combating the Financing of Terrorism Regime in Nigeria By Mr. George Adebola, Assistant Director, SCUML.(Download)
The Role and Functions of SCUML as it Relates to Non-Profit Organizations (NPOs) Under the AML/CFT Regime By Mr. Mathew Enu. (Download)
Vulnerabilities of the Non-Profit Sector in Nigeria to Money Laundering & Terrorist Financing as Identified in the National Risk Assessment (NRA) & Measures to Prevent Misuse of the Sector for Money Laundering/Terrorist Financing By Mr. Temitope Olubunmi Erinomo. (Download)
FATF/GIABA Mutual Evaluation Process and the Role of the NGOs for the Successful Conduct of the Mutual Evaluation Review (MER) By Abdul Rahman Mustapha, Head of Monitoring and Analysis, NFIU. (Download)