CBN Vows to Consolidate Reforms as Nigeria Exits FATF Grey List
The Central Bank of Nigeria (CBN) has pledged to continue consolidating recent financial system reforms.
According to the CBN,
compliance, innovation, and trust must continue to advance hand in hand to reinforce financial stability and strengthen Nigeria’s global credibility.
- The Financial Action Task Force (FATF) has removed Nigeria from its list of jurisdictions under increased monitoring, also known as the "grey list".
- This decision follows a successful on-site evaluation of Nigeria's anti-money laundering and counter-terrorist financing frameworks.
The CBN considers this a significant milestone in the country's financial reform journey.
Author's summary: Nigeria exits FATF grey list after reforms.
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