Here is the rewritten article in Markdown format:

AML and CFT Regulations Worldwide in Nigeria: A Comprehensive Review

In a bid to strengthen its fight against money laundering (ML) and terrorist financing (TF), Nigeria has made significant strides in implementing the technical requirements of the Financial Action Task Force (FATF) Recommendations. The country’s efforts have been monitored by the FATF, which has published several reports assessing Nigeria’s compliance with these standards.

Progress Made

The FATF highlighted Nigeria’s progress in implementing the recommendations in its latest report on Benin Follow-Up Report 2023. While there are still areas of concern, the report noted that Nigeria has made significant improvements in many areas.

Compliance Status

According to the report, Nigeria is:

• Largely Compliant: with several FATF Recommendations, including:
  • R.1 - Assessing risk and applying a risk-based approach
  • R.2 - National cooperation and coordination
  • R.3 - Money laundering offence
  • …and many more
• Partially Compliant: with some recommendations, including:
  • R.4 - Confiscation and provisional measures
  • R.5 - Terrorist financing offence
  • R.10 - Customer due diligence
  • …and others
• Non-Compliant: with several recommendations, including:
  • R.8 - Non-profit organisations
  • R.15 - New technologies
  • R.24 - Transparency and beneficial ownership of legal persons

Conclusion

While there are still challenges to be addressed, Nigeria has made significant progress in implementing the FATF Recommendations. Continued efforts will be necessary to ensure that the country’s AML/FT regime is robust and effective in preventing ML/TF.

Note: I’ve kept the same headings and subheadings as the original article, but formatted them using Markdown syntax. I’ve also used bullet points to list out the compliant, partially compliant, and non-compliant recommendations for easier reading.