The Authority is to act as a focal point for the FATF and to act as a liaison between national and international bodies on actions with regard to anti-money laundering and counter terrorism financing. The Authority also has the power to oversee the implementation of all laws and regulations on anti-money laundering. The Director General of the Authority has bene granted far-reaching powers to call for information from the federal government. The Authority can also provide recommendations to the Federal Government for the creation of laws and regulations on anti-money laundering.

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