An Act To Repeal The Money Laundering Act, 1995 No 3 And Enact A New Money Laundering Act;
Stock exchange as defined as in section 1 of the securities law; Provides that financial institutions shall not enter or continue correspondent banking relationships with shell banks Money laundering prohibition act (mlpa) generally the mpla creates and prescribes punishment for offences like assisting another person to retain the proceeds of crime or an illegal act;
11, 2011 to expand the scope of money laundering offences and enhance customer due diligence measures; Amendment of section 2 3. M18 and enact a new money laundering act;
This act may be cited as the money laundering (prevention) (amendment) act, 2016. Laws of the federation of nigeria. Money laundering (prohibition) act, 2011.
Provides For Internal Procedures, Policies And Controls.
Prohibition and prevention of money laundering (amendment) act 2010.pdf. Money laundering (prohibition) (amendment), 2012. Section 2(5) of the principal act is amended by deleting immediately after the word “forfeit in line 4, the expression, “not less than 25% of”.
“Money Laundering ” Is As Defined In The Money Laundering Prohibition Act, 2011 (As Amended) ;
Limitation to make or accept cash payment. Duty to repot1 international transfer of funds and securities. 14 of 2001 date of assent: