Alert: Central Bank of Nigeria Circular FPR/DIR/GEN/CIR/001/061

Title: Guidelines for Licensing of Banks and Other Financial Institutions in Nigeria on Anti-Money Laundering Combatting the Financing of...

Summary: This circular provides guidelines for individuals and entities applying for a license to operate as banks or other financial institutions in Nigeria, with a focus on Anti-Money Laundering, Combating the Financing of Terrorism, and Countering Proliferation Financing. It emphasizes the minimum requirements for licensing and should be read in conjunction with applicable laws, regulations, and licensing requirements. The guidelines apply to both new and pending applications, and they take immediate effect.

Posted on: Wednesday, November 23, 2022

Download: FPR/DIR/GEN/CIR/001/061