Regulatory AlertsAdded · Updated
2023 NFIU Guidelines on Data Management Framework
Competent authorities in Nigeria must establish a central online data management framework to collect, maintain, and report accurate statistics on Anti-Money Laundering, Counter-Terrorism Financing, and Counter-Proliferation Financing activities. Each authority is required to designate two focal officers who must submit standardized monthly reports via the NFIU portal. The guidelines mandate strict data security protocols, including unique login credentials and regular updates, while violations such as unauthorized access or data modification are subject to disciplinary action by the respective organizations.