Nigeria: Central Bank of Nigeria adopted baseline standards for automated anti-money laundering solutions for financial institutions
Description
Central Bank of Nigeria adopted baseline standards for automated anti-money laundering solutions for financial institutions
On 10 March 2026, the Central Bank of Nigeria (CBN) adopted the baseline standards for automated anti-money laundering solutions for financial institutions. The standard applies to all CBN-regulated financial institutions, mobile money operators, an…
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 bank
Complete timeline of this policy change
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2025-05-20
in consultation
2025-06-13
processing consultation
2026-03-10
adopted