Alert: Central Bank of Nigeria Circular FPR/DIR/PUB/CIR/001/042

Title: Guidance Note on Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) Regulations for Other Financial Institutions

Summary: The Central Bank of Nigeria has issued a circular to all Other Financial Institutions (OFIs) regarding the implementation of effective risk-based approaches to Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) programs. The circular introduces a guidance note on AML/CFT regulations for OFIs, which aims to assist them in identifying, assessing, and mitigating ML/TF risks in their operations. OFIs are required to comply with the guidance note immediately.

Posted on: Monday, April 25, 2022

Download: FPR/DIR/PUB/CIR/001/042