CBN Issues Warning to BDCs Against Money Laundering
The Central Bank of Nigeria (CBN) has warned Bureau De Change operators across the country of severe sanctions for failing to comply with anti-money laundering and terrorism financing regulations.
In a circular dated April 17, 2025, and signed...
CBN Mandates Banks to Strengthen Sanctions Compliance Measures
The Central Bank of Nigeria (CBN) has issued a fresh regulatory directive to banks, payment service banks, and fintech companies, warning them to tighten their sanctions compliance frameworks or face enforcement actions.
In a circular dated April 17,...
