Investor Presentaiton
AML/CFT Activities
The Commission extended its Risk-Based onsite supervision to Funds and Portfolio Managers in 2013. To
this end, sixty five (65) Funds and Portfolio Managers with significant funds/assets under management were
inspected to identify firms that have possible high AML/CFT risk exposures. This was to ascertain whether
adequate control measures commensurate to their risk exposure had been put in place.
Analysis of findings revealed that 24 firms had very good risk management system, 28 had acceptable
system while 13 had deficient system in place.
1. Onsite visit of the representatives of the Financial Action Task Force (FATF) Regional Review Group on Nigeria's AML/CFT
regime which led to Nigeria's removal from the list of high-risk Jurisdictions by the FATF in 2013.
2. Inauguration of Chief Compliance Officers' of Capital Market in Nigeria (CCOCIN) on August 6, 2013 to strengthen compliance
by CMOs.
3. Commencement of AML/CFT Sectoral Risk assessment to identify inherent risk in the Capital market activities necessary for the
conduct of Nigeria's National Risk Assessment.
Annual Report and Accounts 2013 - Securities & Exchange Commission
104View entire presentation