November 9, 2015
November 09, 2015
The Sun included the presentation of MOSECON Africa’s Managing Director, Uzoma I. Kingsley, at Access Bank for their article “Money laundering: Govt loses huge funds via poor compliance systems in banks“.
In a presentation titled: Beyond Anti-Money Laundering and Terrorism Funding Law(s), at the annual Access Bank Plc 2015 Compliance Week in Lagos, the Managing Director, MOSECON Africa, Mr. Uzoma Kingsley, noted that the 21st century, also known as the digital age, is characterised by the cancer of terrorism and illicit money laundering activities.
According to him, financial institutions are hubs for funds distribution, storage and at the same time victims of circumstances.
He listed the Financial Action Task Force (FATF), IMF, the World Bank, the Interpol, FBI among others, as key institutions leading the war against the illicit activities. He argued that the FIU has the potentiality to weaken the illicit enterprise economic muscle.
To read the full article, pleases refer to the link above.
Uzoma Kingsley’s presentation was furthermore mentioned in Askoko Insight’s news article “Independent Corrupt Practice commends Access Bank for compliance on fight against money laundering (Nigeria)” and in This Day Live‘s article “Combating Terrorism Financing“.