February 24, 2011 09:53 AM

http://www.worldstagegroup.com/worldstage/index.php?&id=2186&active=news

Lagos (WorldStage Newsonline)-- 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, has been described as a boost to Nigeria ’s image in the international campaign against money laundering and financial crimes.

The bank said in a statement that it 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.

According to the bank “it 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.”

The bank also said it had 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 Data Pro Limited.

The bank’s participation at the FATF plenary meetings according to it 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 the bank said is expected to enhance institutional capacity in the fight against AML/CFT and deployment of AML/CFT initiatives.