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- Create Date December 21, 2024
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NBA ANTI-MONEY LAUNDERING COMMITTEE 2024
The "NBA Anti-Money Laundering Committee 2024" document officially announces the creation and constitution of the Nigerian Bar Association's Anti-Money Laundering Committee (NBA-AMLC) as authorized by Rule 73 of the Rules of Professional Conduct for Legal Practitioners, 2023. It outlines the committee's primary duties, including advising the NBA on AML compliance and conducting risk-based compliance examinations of legal practitioners and firms, with findings forwarded to the Special Control Unit Against Money Laundering (SCUML). The document also provides details of the committee's inauguration, ratified by the NBA National Executive Council on June 20, 2024, and lists its appointed members and roles. It emphasizes the importance of ensuring legal practitioners align with anti-money laundering and combating the financing of terrorism regulations. This notice solidifies the NBA's commitment to maintaining professional conduct and addressing financial crimes within the legal sector.