Universities should establish anti-money-laundering practices

Reports show that criminals exploit cash payments made by West African students to pay tuition and other service fees at United Kingdom universities. Private universities and cross-border foreign campuses in Africa are used as an investment and to integrate the proceeds of crime into the legitimate economy. When more than the tuition fee is paid, they request the university to refund the overpayment to a third party’s account such as the bank account of a drug supplier or a bribed official.