On November 23, 2022, the Central Bank of Nigeria (CBN) issued the Anti-Money Laundering, Combating the Financing of Terrorism and Countering Proliferation of Weapons of Mass Destruction (AML/CFT/CPF) Guidelines for Licensing of Banks and Other Financial Institutions (the Guidelines). The Guidelines were issued further to the CBN's effort to promote compliance with AML/CFT/CPF laws among financial institutions and state minimum AML/CFT/CPF compliance requirements for promoters of financial institutions.
Our FAQs below briefly explain the objectives of the Guidelines and set out salient provisions of the Guidelines
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
