Nigeria: Central Bank closes consultation on Draft Baseline Standards for Automated Anti-Money Laundering (AML) Solutions
Description
Central Bank closes consultation on Draft Baseline Standards for Automated Anti-Money Laundering (AML) Solutions
On 13 June 2025, the Central Bank of Nigeria closes its consultation on the Draft Baseline Standards for Automated Anti-Money Laundering (AML) Solutions. The standards aim to promote interoperability and integration between anti-money laundering (AM…
Scope
Policy Area
Consumer protection
Policy Instrument
User identification requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies), ML and AI development, other service provider
Implementation Level
national
Government Branch
executive
Government Body
central government
Complete timeline of this policy change
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2025-05-20
in consultation
2025-06-13
processing consultation
2026-03-10
adopted