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A coordinated international operation just dismantled a massive drug money laundering network spanning four countries. Nigerian and American law enforcement agencies worked together to arrest three suspects and seize hotels worth billions.
Nigeria's Central Bank just became the first to formally write artificial intelligence into its anti-money laundering rules, requiring all banks and fintechs to use automated systems. The move pushes Africa's largest economy toward smarter, faster fraud detection after fraud losses jumped 603% last year.
Nigeria has been removed from the global financial watchdog's grey list after three years of coordinated reforms to combat money laundering and terrorism financing. The breakthrough opens doors for increased foreign investment and restores international confidence in Africa's largest economy.