Business Feb 28, 2011

http://www.vanguardngr.com/2011/02/access-bank-fights-against-money-laundering/

Nigeria’s profile in the international fight against money laundering and financial crimes was recently given a boost with the invitation of Access Bank as a West African delegate to the Financial Action Task Force (FATF) plenary meeting holding in Paris, France between February 20 and 25.

Access Bank is the 1st African and only Nigerian bank so far invited to the global anti-money laundering agency meeting.

Access Bank has a rich history of effective collaboration and cooperation with national and international anti-money laundering agencies with the intent of bringing about a transparent and credible financial system operating at global standards.

The Bank has remained at the fore-front of anti-money laundering campaigns in Nigeria and perhaps in the sub-Sahara Africa through its meaningful partnership with anti-money laundering agencies.  Access Bank has received several recognitions for its contributions, particularly for pioneering the deployment of Anti-Money Laundering (AML) solutions in Nigeria.

Notable among the commendations received by the Bank are those from the Economic and Financial Crimes Commission, (EFCC), GIABA, Nigerian Drug Law Enforcement Agency, (NDLEA) and implementation partners such as DataPro Ltd.

The Bank’s participation at the FATF plenary meetings will enable it participate in the Working Group on Evaluation and Implementation (WGEI) and also participate in discussions on the Mutual Evaluation Reports of France and Netherlands. This is expected to enhance institutional capacity in the fight against AMLCFT.