Abuja - The Economic and Financial Crimes Commission is to collaborate with stockbroking firms to rid the capital market of incidence of money laundering, fraud and imposters, reports National Mirror.
The commission has also agreed to cooperate with the Association of Stockbroking Houses of Nigeria (ASHON) in the area of post operations investigations involving certain high profile fraud cases with suspected money laundering or other economic crime elements.
Ibrahim Lamorde, Chairman of the Commission, said there was need for closer collaboration between the two bodies as some unscrupulous people were laundering proceeds of crime through the stock market.
He urged the stockbroking firms to notify the commission of suspicious transactions in the stock exchange.
Read more at National Mirror