In view of the dramatic impact of money laundering and financing of terrorism on the economies of many countries including Nigeria,

it is essential that a result- oriented approach be adopted with regard to implementing truly effective measures to counter the phenomenon. Since this is a cross border and multi dimensional issue, only through sharing of information, common planning and joint implementation can real success occur. Working alone or in isolation cannot produce any valid results. Thus coordination is essential. Indeed, coordination of national AML/CFT is one of the key issues in the evaluation process and therefore Nigeria gives primacy to effective coordination and collaboration in her AML/CFT regime


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