Weekly Roundup: Nigeria Revokes the Licenses of 20 MSBs for AML Deficiencies, Assad’s Uncle Denies Laundering Allegations, and More

Nigeria's central bank repealed the licenses of 20 Bureau De Change (BDC) companies for money laundering violations, Premium Times said Thursday, quoting Central Bank Governor, Lamido Sanusi. The license removals stem from unjustified purchases of U.S. dollars from commercial banks, Sanusi said, adding that he would seek prosecutions of the BDCs and the banks that aided them. Separately he noted that Nigeria imports more U.S. cash than any other country in the world. More An attorney acting on the behalf Syrian President Bashar al-Assad's uncle denied his client was engaged in corruption, embezzlement of public funds or money laundering as...