The Financial and Financial Crimes Commission (EFCC) has warned banks and compliance officers to total shielding customers complicit in financial malpractices.
The commission issued the warning on Friday in Ilorin all the contrivance in which thru a assembly with senior compliance group from Kwara and Kogi States.
Zonal Commander, Michael Nzekwe renowned that the officers retain glossy positions and are key to the fight in opposition to financial and financial crimes.
Nzekwe acknowledged the parley became to educate banks on unique traits in cybercrime and search areas of further collaboration as stakeholders in the war.
On ‘Know Your Buyer (KYC)’ and ‘Know Your Buyer’s Enterprise (KYCB)’, the reliable educated them to routinely develop due diligence.
Nzekwe acknowledged this might perchance well set aside them from anguish, kind the work of EFCC more uncomplicated, and back to back untrue customers on the radar.
“There just just isn’t such a thing as a significant fraud, seriously money laundering, that is ever dedicated with out the connivance of bank officers,” he wired.
Nzekwe educated financial institutions to adhere strictly to bank rules, laws and be diligent in the discharge of their duties.
Bankers are anticipated to share significant files and story suspicious transactions to the commission, the commander added.