Anti-Financial Crime & Financial Crime Compliance
Regulatory Intelligence Leadership | Insight | Network

AML, Financial Crime

NEWS: Nigeria plans additional rules to combat illegal trading in digital assets

NIGERIA BANK NOTE: The two African powerhouses of South Africa and Nigeria placed on FATF's watchlist today.

By MacDonald Dzirutwe

Nigeria plans to roll out additional rules in the coming days to combat illegal trading in digital assets and ensure that those dealing in such instruments are registered, the head of the Securities and Exchange Commission (SEC) said.

The SEC director general, Emomotimi Agama, told major blockchain and cryptocurrency associations in Nigeria on Monday that the naira currency needs to be delisted from peer-2-peer (P2P) trading to avoid manipulation.

AML Intelligence
Subscribe now to have unlimited access

With our subscription, you will have unlimited access to the AML Intelligence site, updated daily with the latest analysis, opinion, and breaking news across the sector, newsletter delivered twice per week, access to our Global Bank Fines & Penalties database, free access to Boardroom Series and more!