The Virtual Asset and Initial Token Offering Services Act 2021 (the "Act") came into force on 07 February 2022. With a view to regulate the AML/CFT risks inherent in virtual assets, .
Enforcing Best Practices among BDCs thisdaylive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thisdaylive.com Daily Mail and Mail on Sunday newspapers.
BDCs set for market dominance, regulatory compliance
On
By Peter Egwuatu, Assistant Business Editor
The achievement of N1 trillion annual market turnover by Nigerian Bureaux De Change (BDCs) has reinforced their prime role in the economy.
Not relenting on its successes, the Association of Bureaux De Change Operators of Nigeria (ABCON) held a zoom general meeting where regulators and industry stakeholders lauded the strength of BDCs and their contributions to economic growth and exchange rate stability.
Issues around regulatory compliance was discussed with ABCON President, Alhaji (Dr) Aminu Gwadabe listing major steps taken by ABCON Management to ensure that all licensed BDCs comply with extant regulations, including regular rendition of regulatory returns.
Financial Controller at Kelly Sinclair Recruitment Partners it-online.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from it-online.co.za Daily Mail and Mail on Sunday newspapers.