Nike PopoolaThe Economic and Financial Crimes Commission and the Association of Bureaux De Change Operators of Nigeria have taken the campaign against money laundering and terrorism financing to Bureaux de Change operators at the Murtala Muhammed Airport 2 (MM2), Lagos. Speaking during the sensitisation programme against money laundering and terrorism financing campaign at MM2, which was attended by many BDC operators, the acting Chairman, EFCC, Ibrahim Magu, called for continuous sensitisation on issues around Anti-Money Laundering and Countering the Financing of Terrorism reporting to improve transparency in BDCs operations. He said the EFCC would continue to campaign for financial integrity and transparency in BDCs’ operations. He appealed to the regulators to approve the group’s request for the establishment of a training centre in order to build capacity of over 4,500 BDC operators for better understanding of the menace of money laundering and terrorism financing. Gwadabe said the anti-money laundering sensitisation programme was intended to familiarise the BDC operators with the process of money laundering – the criminal business used to disguise the true origin and ownership of illegal cash – and the laws that made it a crime.

Source: Punch February 12, 2019 02:37 UTC