Money Laundering: CBN Mandates Financial Institutions On Real-time Monitoring

The Central Bank of Nigeria (CBN) has In a bid to curb money laundering and terrorism financing in the country, the Central Bank of Nigeria (CBN) has mandated financial institutions to adopt real-time transaction monitoring and screening systems. This directive is contained in newly issued baseline standards for automated Anti-Money Laundering/Combating the Financing of Terrorism and […]

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