Nigerian amends ML Act, banks to report deposits to EFCC

The Senate passed a bill to amend the Money Laundering Act 2011, which makes it mandatory for Deposit Money Banks and other financial institutions to report to the Special Control Unit Against ML under the Economic and Financial Crimes Commission…

Ghana: Recover Proceeds From Economic Crime

Ghana creates new economic crime board in the hope of recovering proceeds of crime. The Board is expected to formulate policies necessary for the EOCO to be able to prevent and detect organised crime as well as to facilitate the confiscation of the proceeds of...

Security Council ISIL (Da’esh) and Al-Qaida Sanctions

Security Council ISIL (Da’esh) and Al-Qaida Sanctions Committee Removes Two Entries from Its Sanctions List. The assets freeze, travel ban and arms embargo set out in paragraph 1 of Security Council resolution 2610 (2021), and adopted under Chapter VII…