SEC orders Nigerian operators to cut Iran, North Korea ties, gives reason

Nigeria Tightens Capital Market Restrictions on North Korea and Iran

ABUJA, Nigeria — Nigeria’s Securities and Exchange Commission has ordered capital market operators to restrict financial dealings connected to North Korea and Iran. The measures take immediate effect. They are part of tighter controls against money laundering, terrorism financing and the financing of weapons proliferation. The directive applies to all entities regulated by the SEC under Nigeria’s capital market laws and anti-money laundering rul…

SEC orders Nigerian operators to cut Iran, North Korea ties, gives reason

SEC has ordered capital market operators to restrict Iran and North Korea dealings, citing FATF concerns over money laundering, terrorism financing.

SEC Orders Capital Market Firms To Cut Financial Ties With North Korea, Iran

The Securities and Exchange Commission, SEC, has ordered Nigerian capital market operators to cut financial ties with North Korean institutions and reject transactions involving Iranian financial institutions, in a move aimed at shielding the country’s financial system from money laundering and terrorism financing risks. The directive applies to all capital market regulated entities in Nigeria and takes immediate effect. It was contained in a ci…