Paul Adedapo Adewuyi
Senior Associate
Regulatory
Compliance
Regulatory compliance programmes, anti-money laundering obligations, corporate filings and investigations for businesses and public bodies.
Overview
Regulatory obligations in Nigeria come from many agencies at once. We help organisations understand which rules apply to them, put proportionate controls in place and respond when a regulator asks questions.
We advise on the Money Laundering (Prevention and Prohibition) Act 2022 and the Terrorism (Prevention and Prohibition) Act 2022, including customer due diligence and registration with the Special Control Unit against Money Laundering for designated businesses. We also advise on beneficial ownership disclosure under the Companies and Allied Matters Act 2020, sector licences and corporate governance codes.
Our work includes compliance reviews, policies and training, responses to regulatory inquiries and representation in enforcement proceedings. We have advised and represented clients before courts and tribunals, including the Supreme Court of Nigeria, on compliance questions.
What we do
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Environmental Compliance
Assisting clients in understanding and adhering to environmental laws and regulations, ensuring sustainable and lawful operations.
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Social Compliance
Advising on social responsibility standards and practices to help clients meet their ethical obligations and regulatory requirements.
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Governance Compliance
Providing guidance on corporate governance practices to ensure compliance with legal and regulatory standards.
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Data Protection and Privacy
Helping clients navigate the complexities of data protection laws, ensuring compliance with privacy regulations such as the Nigeria Data Protection Regulation (NDPR).
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Anti-Bribery and Corruption Compliance
Offering counsel on anti-bribery and corruption laws to help clients maintain ethical business practices and avoid legal pitfalls.
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Anti-Terrorism Regulation
Advising on compliance with anti-terrorism laws and regulations to ensure that clients' operations do not inadvertently support terrorist activities.
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Anti-Money Laundering Regulation
Assisting clients in establishing and maintaining robust anti-money laundering (AML) programs to comply with legal requirements and prevent financial crimes.
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Health and Safety Regulation
Guiding clients on compliance with health and safety regulations to protect their employees and ensure a safe working environment.
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Investigations and Audits
Conducting thorough investigations and audits to identify compliance issues and recommend corrective actions.
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Legal Aspects of Reputational Crisis Management
Providing strategic advice on managing legal risks during reputational crises, ensuring that clients can effectively navigate and mitigate potential damage.
Our team
FAQs
Designated non-financial businesses and professions, such as dealers in real estate, precious metals and cars, hotels, casinos, accountants and lawyers, among others, must register with the Special Control Unit against Money Laundering and meet reporting obligations.
Under CAMA 2020, an individual who directly or indirectly holds a significant interest in or exercises control over a company. Companies must keep a register of such persons and file the information with the Corporate Affairs Commission.
At least once a year, and whenever the business, its products or the law changes. A review is also sensible before a regulatory inspection or a transaction.