2011-08-24 | FPR/DIR/CIR/GEN/01/019

EXPOSURE DRAFTS OF AML/CFT RISK BASED SUPERVISION (RBS) FRAMEWORK CONSISTING OF AML/CFT RBS MANUAL FOR BANK EXAMINERS' EXAMINATION PROCEDURES;AND AML/CFT RBS REGULATION FOR FINANCIAL INSTITUTIONS

The Central Bank of Nigeria has developed draft copies of an Anti-Money Laundering/Combating Financing of Terrorism (AML/CFT) Risk-Based Supervision (RBS) Framework, comprising a manual for bank examiners' examination procedures and a regulation for financial institutions. These documents aim to guide the operations of banks and other financial institutions in effectively managing risks associated with money laundering and terrorist financing, as well as ensuring consistency in applying AML/CFT requirements. The drafts are made available as exposure drafts on the CBN website for comments from stakeholders within one month.

Nigeria

Central Bank of Nigeria

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