MONEY LAUNDERING (PROHIBITION) ACT

Section 23: Regulation (AS AMENDED BY MONEY LAUNDERING (PROHIBITION) (AMENDED) ACT, 2012)

2011Section 23 of 26Federal Republic of Nigeria

(1)
The Attorney-General may make orders, rules, guidelines or regulations as are necessary for the efficient implementation of the provisions of this Act. (AS AMENDED BY MONEY LAUNDERING (PROHIBITION) (AMENDED) ACT, 2012)
(2) Orders, rules, guidelines or regulations made under subsection (1) of this section may provide for the:
(a) method of custody of video and other electronic recordings of suspects apprehended under this Act;
(b)
method of compliance with directives issued by relevant international institutions on money laundering and terrorism financing counter measures;
(c) procedure for freezing, unfreezing and providing access to frozen funds or other assets;
(d) procedure for the prosecution of all money laundering cases in line with international human rights standards; and
(e)
any other matter the Attorney-General may consider necessary or expedient for the purpose of the implementation of this Act.

Cite this section

Section 23, MONEY LAUNDERING (PROHIBITION) ACT (2011).

https://repo.podus.ai/laws/money-laundering-prohibition-act/section/23/