The European Union (EU) has removed Nigeria, along with five other African countries, from its list of “high-risk third country jurisdictions” for money laundering and terrorism financing. The other countries delisted include South Africa, Burkina Faso, Mali, Mozambique, and Tanzania. The decision reportedly follows the countries’ successful removal from the Financial Action Task Force (FATF) grey list after reforms to strengthen their anti-money laundering and counter-terrorism financing (AML/CFT) frameworks. Sponsored Ads In October 2025, the FATF announced Nigeria’s delisting from its grey list of countries with deficiencies in their AML/CFT regimes. According to Business Insider Africa, the European Commission confirmed on Wednesday that the affected countries had addressed “strategic deficiencies” in their financial systems and now meet international standards set by the FATF. The commission said the reforms implemented by the countries wer...
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