2018-12-18 | GVD/ESO/GEN/PMF/02/004

Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT) Policy and Procedure Manual

The Central Bank of Nigeria's Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT) Policy and Procedure Manual outlines the bank's policies and procedures for complying with AML laws and regulations. The manual aims to protect the bank from being used for money laundering, terrorist financing, and other financial crimes by setting minimum standards for employee conduct. The Chief Compliance Officer (CCO) is responsible for coordinating and implementing the bank's AML/CFT initiatives, developing the compliance strategy, and reporting to the Board and management. The manual includes a risk assessment framework, customer identification and due diligence procedures, reporting requirements, and training guidelines for employees.

Nigeria

Central Bank of Nigeria

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