Business

FG: Cryptocurrency facilitates money laundering, other crimes

…seeks enabling regulations

The Presidential Advisory Committee Against Corruption (PACAC), has warned that Cryptocurrency has the potential of facilitating financial crimes, especially money laundering, if not regulated.
To maximise the benefits accruable from the emergence of the currency, therefore, the PACAC has called for a multi-pronged approach, by way of policy and legislative frameworks, and other criminal justice responses.
Chairman of PACAC, Prof. Itse Sagay (SAN), expressed the concern at a one-day interactive dialogue with the theme, “Global Trends In Cryptocurrency: Opportunities And Risks”.
This dialogue was aimed at discussing the potentials of cryptocurrencies in contributing to the development of the nation’s economy, viz-a-viz the mitigation of accompanying risks.
Specifically, Sagay submitted that Cryptocurrency “can be used as object of crime, including money laundering”.
He stated this in his opening remarks at the virtual dialogue, which had presentations from the Ministry of Finance, Budget and National Planning, Ministry of Justice, the Economic and Financial Crimes Commission (EFCC), among other critical stakeholders.
Earlier, the presidential advisory committee had noted that: “The development, wide utilisation and impact of virtual currencies across the world are both beneficial and risky”.

 

TRY IT TONIGHT!!! ---

 

Abuja Civil Servant reveals (FREE) secret Fruits that Increased his Manh0d size, gives Stronger Erections and ends Premature Erection in 7days...

   

CLICK HERE FOR FULL DETAILS.

 

%d bloggers like this:
Fake Richard Mille Replica Watches, www.richardmille.to The ceramic upper and lower cases are imported from Taiwan and are processed by ATPT ceramics to form Y-TZP ceramics. After high-tech anti-fingerprint technology, they present a delicate and soft sub-black material. This color quality has remained unchanged for a hundred years. The color and luster are more detailed to achieve the ceramic tone visual pattern electroplating upper and lower shells that are infinitely close to the original products, with anti-reflective coating sapphire glass! The tape uses a soft and delicate Malaysian imported top rubber strap, and the movement is equipped with an imported Seiko NH movement. The buckle of this version is made according to the original size and thinness, making it feel more comfortable and intimate, the highest version on the market Richard Mille Replica