The U.S. Treasury Department is in the final stages of levying banking sanctions against members of the Nigerian Islamist group Boko Haram, a U.S. counterterrorist financing official said Tuesday.
Nigeria should prohibit banks from maintaining anonymous accounts, lower reporting requirements on wire transfers and enact counter-terrorism financing laws, according to a report by an African anti-money laundering watchdog.
U.S. Representative William Jefferson pleaded not guilty today to federal charges that he solicited more than $400,000 in bribes to advance business dealings between U.S. companies and Nigerian officials.
Egmont also admitted India, Armenia, Belarus and Niue during its annual plenary meeting, a spokesperson for the U.S. Financial Crimes Enforcement Network confirmed.
The charges against Lagos, Nigeria based United Bank for Africa PLC stem from incidents involving two of the bank's New York branch customer accounts, including one controlled by the bank's former chairman.
The Financial Action Task Force removed Nigeria from its list of non-cooperative countries and territories (NCCT), whittling it down to one Myanmar.
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