By PETER EGWUATU
Managing Director/CEO,Keystone Bank Plc, has moved for the removal of Nigeria from the list of Non Co-operative Countries (NCCTs) with regard to anti-money laundering compliance.
He said banks’ chief executive officers have critical roles to play in the task of getting the Financial Action Task Force (FATF) to delist Nigeria from is list on non co-operative countries (NCCTs).
Speaking during the Committee of Chief Compliance Officers in Nigeria (CCCOBIN) monthly meeting in Lagos, he urged his counterparts in other banks to provide adequate resources and empowerment for their Chief Compliance Officers (CCOs) and other relevant officers to ensure that Nigeria’s Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT) risks are well managed.
Ikeazor, who was represented by Keystone Bank’s Executive Director, Operations and Technology, Ademola Adewale, called for banks’ management backing for the implementation of AML/CFT measures, especially deficiencies identified by FATF.
The FATF had listed non-implementation of procedures to identify and freeze terrorist assets and failure to ensure that customer due diligence requirements apply to all financial transactions as areas Nigeria needs to address in order to ensure her removal from the high-risk and non-cooperative jurisdictions list.