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How to Improve Relational Efficiencies between Law Enforcement and Financial Services

Posted by admin Category: Uncategorized 0 Comment

In today’s regulatory environment, financial institutions must be increasingly vigilant in the fight against money laundering. The recent Panama Papers debacle and other high-profile banking scandals highlight the plethora of threats posed by political corruption, terrorism financing and money laundering. Currency transaction reports (CTRs), which automatically report transactions of $10,000 or more, and suspicious activity reports (SARs), which flag irregular account activity, form the backbone of Bank Secrecy Act reporting and are financial institutions’ best assets in the enforcement of anti-money laundering…

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Review of CAMA – Shareholders seek tenure for Audit Committee

Posted by admin Category: Transport

The Joint Shareholders Association of Nigeria (JSAN) has moved for tenure system for audit committee members of public companies to be incorporated in the proposed review of the Companies and Allied Matters Act, CAMA 1990. The shareholders, who spoke to Vanguard after a workshop on the proposed amendment of CAMA and its effect on retail shareholders vowed to resist plans by the regulatory authority to impose any law on them. Erudite lecturers and financial experts also cautioned the Corporate Affairs…

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Financial Management – What is it?

Posted by admin Category: Finance

Financial management refers to the efficient and effective management of money (funds) in such a manner as to accomplish the objectives of the organization. It is the specialized function directly associated with the top management. The significance of this function is not seen in the ‘Line’ but also in the capacity of ‘Staff’ in overall of a company. It has been defined differently by different experts in the field. The term typically applies to an organization or company’s financial strategy,…

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