CBN Mandates Automated Anti-Money Laundering Systems for Nigerian Financial Institutions
The Central Bank of Nigeria (CBN) has issued new baseline standards requiring financial institutions to implement automated anti-money laundering (AML) systems to detect suspicious transactions and strengthen compliance with financial crime regulations. Outlined in a circular dated March 10, 2026, titled “Issuance of Baseline Standards for Automated Anti-Money Laundering (AML) Solution for Financial Institutions in Nigeria,” the […]
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