Banks, fintech companies, insurance firms, capital market operators and other reporting entities flagged a total of 82,143 suspicious transactions to the Nigerian Financial Intelligence Unit in 2024 amid intensified efforts to combat money laundering, terrorism financing and other illicit financial activities.
The 2024 Annual Report obtained by Sunday PUNCH showed that the agency also received 25.82 million Currency Transaction Reports and 23,364 Suspicious Activity Reports within the review period.
The report, published on Friday by the NFIU, stated, “During the review period, the NFIU received a total of 25,819,719 CTRs, 82,143 STRs, and 23,364 SARs.”
The agency explained that it receives threshold-based disclosures, suspicious transaction reports, suspicious activity reports and other regulatory submissions aimed at strengthening Nigeria’s anti-money laundering, counter-terrorism financing and counter-proliferation financing framework.
According to the report, the NFIU works closely with regulatory agencies, including the Central Bank of Nigeria, the National Insurance Commission, the Securities and Exchange Commission, and the Special Control Unit Against Money Laundering, to enforce compliance with relevant laws and regulations.
