Following the money

摘要

The Egmont Group of Financial Intelligence Units (FIUs)-based in Toronto, Canada-is a 155-member country group that targets money-laundering and terrorism financing. In luly 2017 it suspended Nigeria's FIU from the informal network of national intelligence sharing, over charges that Nigeria's Economic and Financial Crimes Commission (EFCC) had broken compliance in leaking sensitive information to the media and blackmailing Nigerian individuals using information obtained as a member. The only FIU amongst its membership to be barred, Nigeria has form in global exclusion. It was listed in 2006 for non-cooperation by the Financial Task Action Force (FTAF) over money laundering, and only re-admitted seven years later.