OPERATIONAL GUIDELINESMANUAL FOR CASINO AND DESIGNATED NON-FINANCIAL INSTITUTIONS IN NIGERIA Download. These polices when adopted and exercised by banks religiously present sufficient safety to the banks to discourage such situations. The central bank in any country offers full guides to AML and CFT to combat such activities. The identification of such aspect to start with is straightforward to cope with as a substitute realizing and encountering such situations later on in the transaction stage. While executing the monetary transactions and establishing relationship with the brand new clients or sustaining current prospects the obligation of adopting satisfactory measures lie on every one who is a part of the group. The sources of the money in actual are legal and the cash is invested in a manner that makes it look like clean money and hide the identification of the prison a part of the cash earned. It is a course of by which soiled money is converted into clear money. ![]() The concept of money laundering is very important to be understood for these working within the monetary sector.
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