NBA Launches Anti-Money Laundering Sensitization Workshop For Legal Practitioners

The Nigerian Bar Association (NBA), in collaboration with the Economic and Financial Crimes Commission (EFCC), is set to host a series of Anti-Money Laundering (AML) Sensitization Workshops for legal practitioners across Nigeria. This initiative aims to enhance compliance with anti-money laundering regulations and strengthen the legal profession’s role in combating financial crimes.

Chapter 2 of the 2023 Rules of Professional Conduct outlines guidelines for Anti-Money Laundering and Combating the Financing of Terrorism for legal practitioners. These rules emphasize the legal profession’s commitment to self-regulation, aiming to prevent external control by law enforcement agencies and enhancing the NBA’s reputation as a responsible self-regulatory body.

The workshops will underscore the critical importance of AML compliance, elucidate the role of lawyers in preventing financial crimes, and provide a comprehensive understanding of the NBA’s guidelines on the matter.

A notice signed by the Pblicity secretary of the Nigerian Bar Association, Mr Habeeb Akorede Lawal states that the first workshop in this series is scheduled to take place on Tuesday, May 21, 2024, at the NBA House in Abuja, starting at 8 AM. Attendees will benefit from the expertise of two senior members of the Bar, along with insights from relevant enforcement agencies.

The NBA encourages physical attendance for an interactive experience. However, members can also participate virtually via this link: (https://us06web.zoom.us/j/86946306742?pwd=RYmbHUP6k7Nziofr1tuKhBfgqE5h6A.IglHphN1PZWhzzfx).

This sensitization exercise marks a significant step in reinforcing the legal profession’s role in the fight against money laundering and the financing of terrorism, reflecting the NBA’s ongoing commitment to uphold integrity and compliance within the legal community.