Federal finance and statistics / Central Bank of Nigeria

Non-Compliance With Provisions of Anti-Money Laundeering (Prohibition) Act No.7 of 2003 and Foreign Exchange (Monitoring and Miscellaneous Provisions) Act No. 17 of 1995

Keywords: It ha been observed that some Authorised Dealers do not comply with the relevant provisions of the two Acts stated above in terms of :Reporting transfer to or froma foreign country of funds or securities of a sum exceeding US$10,000; identifying a casual customer undertaking any transaction involving a sum exceeding US$5,000 and withdrawal in cash only of forex imported in excess of US$10,000. Inconsideration to the above Acts, Authorised Dealers are: reminded to comply strictly with the provisions of sections 2, 3 and 5 of the Money laundering (Prohibition) Act and Section 21 of the…

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Source	Central Bank of Nigeria
Collection	Federal finance and statistics
Kind	Document
Publisher	Central Bank of Nigeria
Date	2009-02-26
Type	circular
Found at	https://www.cbn.gov.ng/api/GetAllCirculars
Archived copy	Look it up in the Wayback Machine
Record ID	`cbn:cbn:d5f5f3f7a020a743`

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Non-Compliance With Provisions of Anti-Money Laundeering (Prohibition) Act No.7 of 2003 and Foreign Exchange (Monitoring and Miscellaneous Provisions) Act No. 17 of 1995. Central Bank of Nigeria, 2003. Vero Archive, record cbn:cbn:d5f5f3f7a020a743.