Anti-Graft: Magu Cautions Bankers Against Money Laundering, Terrorism Financing - Liberty TV/Radio - News - Voice For All! Vision For Alll!
Publisher (J.T)
April 10, 2019
The Acting Chairman, Economic and Financial CrimesCommission, EFCC Ibrahim Magu has cautioned bank officials in the countryagainst aiding money laundering and terrorist financing.
Magu who gave the warning at an interactive sessionwith Chief Compliance Officers of banks in Maiduguri, Borno state urged bankersto ensure strict compliance with the Money Laundering Act.
According to EFCC Boss, bankers must endeavour toreport to the anti-graft agency, cash movements that fall above the allowedthreshold. He further said that the issue of money laundering, terroristfinancing and leakage of information would be eliminated by the commission withthe help of bankers across the country.
Magu said the EFCC would soon commence the profilingof Non-governmental Oragnisations, NGOs in the North-East with a view tomonitoring their financial activities.