Nigeria – Cambodia - Cyprus

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Nigeria's Economic and Financial Crimes Commission (EFCC) expect that New Money Laundering Act Will Enhance Anti-corruption War. "The new law criminalizes the operation of numbered accounts and also mandates financial institutions to ascertain the beneficial owners of accounts before opening such accounts." 

Leadership: https://leadership.ng/new-money-laundering-act-will-enhance-anti-corruption-war-efcc/ 

 

Work still remains for Cambodia to drop off Financial Action Task Force grey list. "High risk areas for money laundering include gambling, casinos, real estate and shadow investments which are not properly registered." 

Inside Asian Gaming: https://www.asgam.com/index.php/2022/10/26/work-still-remains-for-cambodia-to-drop-off-financial-action-task-force-grey-list/ 

 

European Commission endorses a positive preliminary assessment of Cyprus' request. "Cyprus submitted to the Commission a payment request based on the achievement of the 14 milestones that cover reforms and investments in the electricity market, in the areas of energy efficiency and circular economy, and anti-corruption and transparency." 

European Commission: https://ec.europa.eu/commission/presscorner/detail/en/ip_22_6333 


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