Thursday, May 17, 2007

US withdraws money-laundering warning on Nigeria

(Reuters) - The U.S. Treasury has withdrawn a warning to banks it issued in 2002 about deficiencies in Nigeria's anti-money laundering system, according to a statement posted on its Financial Crimes Enforcement Network Web site.

The FinCEN statement said enhanced scrutiny of financial transactions involving Nigeria was no longer necessary, citing government reforms and Nigeria's exit from an international blacklist.


Read more at Reuters Africa

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