Financial Crime: EFCC Picks on Bank Personnels Serving as Informants to Fraudsters

 

 

Financial Crime: EFCC Picks on Bank Personnels Serving as Informants to Fraudsters 

TEC News!

The Economic and Financial Crimes Commission (EFCC) has picked on account officers , cautioning against encouraging internet fraudsters to commit fraud through multiple account creation or alerting their customers that they are under investigation by the EFCC and that their accounts have been flagged.

 

This was stated by the Acting Zonal Director of EFCC in Rivers State, Assistant Commander of the EFCC, ACE1 Adebayo Adeniyi, while addressing bank compliance officers on Tuesday in Port Harcourt as gathered.

 

“In as much as you have to protect the bank, don’t do so at the detriment of the nation. Do not protect the bank and destroy the image of your own family and that of the society,” he said.

 

Adebayo called on financial institutions across the country to strengthen their collaboration with the Commission towards ridding the nation of economic and financial crimes and other acts of corruption.

He admonished them to always carry out their duties of conducting Customer Due Diligence and Know Your Customers in order to strengthen the fight against corruption.

 

He also charged them to take their job seriously and ensure good collaboration with the Commission, good ethical conduct, honesty, and accountability while dealing with their customers.

 

He tasked them to always remind their customers that those who fail to comply with due diligence and KYC principles would be sanctioned.

 

“It is important to remind banks of their critical roles as major stakeholders in the fight against corruption and that there is a need for the Commission and the banks to work together,” he said.

 

He pointed out that issues of identifying bank customers and for banks to update records of their customers are very important to facilitate investigation processes.

 

Responding, one of the compliance officers, Edward Keto, appreciated the efforts of the Commission, adding that “it is a privilege to have this kind of meeting with the Commission and it will help in dealing professionally with our customers.”