Effect Of Economic Crimes And Money Laundering In The Nigerian Financial Services sector
ABSTRACT
In recent years, and especially since the events of September 11, 2001, World wide efforts to combat money laundering and economic crimes have assumed heightened importance. Money Laundering and economic crimes are global problems that not only threatened security, but also compromise the stability, transparency, and efficiency of financial systems, thus undermining economic prosperity. The success of a criminal enterprise is based on its ability to sanitize its ill-gotten gains by moving them through lax or corrupt national financial system. The laundering allows criminals and terrorist to operate freely, using their financial gains to expand their criminal pursuits and fostering illegal activities such as corruption, drug trafficking, arms trafficking, smuggling and financing of terrorism. Money laundering and economic crimes can have devastating economic and social consequences for countries, especially those in the process of development and those with fragile financial systems. The economy, society and ultimately the security of countries used as money laundering platforms are all imperiled. Money laundering and other types of illegal activities have significant socio-economic development and financial costs. This is true of illicit activities, which usually compromises growth and development. We need to access the links between the complexity in grand corruption, money laundering, corruption in government, the political class, and corruption in procurement, and the challenges in a country’s financial sector. Does it favour development or discourage it.
NOT THE TOPIC YOU ARE LOOKING FOR?
Once payment is made, kindly send us your project topic, email address and payment name to +234 810 144 4147
Once payment is confirmed, Project materials will be sent to your email
Importation is important for the development and growth of national economies because not all countries have the resources and skills required to produce certain goods and services thus there is need for them to import products which they deem fit is...
This study will be helpful in the academic field as it would be an addition to the issue of covid-19 and its effects on unemployment.
This study will be helpful to Lagos state Government and governments of other states in Nigeria in creating awareness of the effects of overpopulation and on how to diffuse the population properly.
This study will examine the effect of corruption in government agency on the economic growth and development of Nigeria.
This study will be helpful to organizations in creating awareness on the effects of relying only on corp members on other unemployed youths.
This study is of significance to the government as it will serve as a guide in implementing effective measures to curtail crimes and insecurity as it find means of solving the motorcycle and tricycle ban.
This study is significant as it provides an opportunity to hear Nigerian women's perspectives on their access (or lack thereof) to education and the hurdles that prevent them from participating in it.
This topic is critical to assisting policymakers in making decisions about how to allocate public funds. Future academics will be able to use these findings to learn more about the relationship between government agriculture spending and economic gro...
The government of Nigeria, students, and the general public will benefit from this study. Nigeria's ability to relieve poverty is contingent on adequate inflows of foreign investment funds and a secure investment environment.
This study it gives actual information on the current condition of government spending management and accountability.
Message Us on WhatsApp »
