REPORT OF 2018 SECTORWIDE CONFERENCE ON FATF-R8

On March 28, 2018, over 200 participants from across the country attended the sector-wide conference themed Implementation of AML/CFT Standards for the Non-Profit Organisations, (NPOs) Sector in Nigeria. Organised by the Nigeria Network of NGOs, in collaboration with Special Control Unit on Money Laundering, the conference focused on the need for a reform of the legal framework on AML/CFT measures, strengthening of the criminal justice system and inter-agency cooperation, funding and capacity strengthening of regulatory agencies in ways that ensures ease of regulatory compliance by all sectors.

At the end of the conference, participants affirmed their commitment towards working to address critical issues faced by NPOs in relation to compliance with the law and called on SCUML to continue its good work of engaging and partnering with stakeholders in implementing a robust AML/CFT for the country