Money Laundering Threatening Nigeria's Financial System  

The President/Chairman of the Council, Chartered Institute of Bankers of Nigeria, Ken Opara, says trade-based money laundering poses a significant threat to the integrity of the global financial system and has far-reaching implications for regulators and operators alike. <br />He says trade-based money laundering accounts for a substantial portion of illicit financial flows worldwide. It is estimated that illicit proceeds worth $1.4tn to $2.3tn are laundered through trade-based schemes every year, significantly impacting economies and undermining legitimate trade activities.<br /><br />This show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at <a href="https://www.spreaker.com/show/4166630/advertisement">https://www.spreaker.com/show/4166630/advertisement</a>