Nigeria and Morocco removed from FATF monitoring list

Financial Action Task Force upgrades the standing of several countries while dropping the ranking of others

Businesses in Nigeria and Morocco have something to be thankful for, as the Financial Action Task Force (FATF) has announced that the two nations have been removed from its monitoring list. 

The FATF is an international body that monitors money laundering and terrorist financing risk and activities around the world. After the group’s recent meeting in France, it adjusted the rankings of several nations on its list of countries that are deficient in addressing these concerns. Countries that are given poor ranks by FATF will have trouble doing business with the banking systems of the group’s member states, such as the U.K. and the U.S.

Senior Editor and Community Manager

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Rich Steeves

Richard P. Steeves is Senior Editor and Community Manager of InsideCounsel magazine, where he covers the intellectual property and compliance beats. Rich earned a B.A....

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