Circular to All Banks and Other Financial Institutions and Payment Service Providers Re: Changes to the ISIL (Da'esh) & Al-Qaida Sanction List and to the United Nations Security Council Consolidated List

l Bank Of Nigeria and Requlation Department t, Cadastral Zone AO, FPR/DIR/PUB/CIR/001/069 FEBRUARY 02, 2023 CIRCULAR TO ALL BANKS, OTHER FINANCIAL INSTITUTIONS AND PAYMENT SERVICE PROVIDERS RE: CHANGES TO THE ISIL (DA'ESH) & AL-QAIDA SANCTIONS LIST AND TO THE UNITED NATIONS SECURITY COUNCIL CONSOLIDATED LIST The United Nations Security Council (UNSC) pursuant to paragraphs 2 and 4 of resolution 2368 (2017) had on January 16, 2023 listed Abdul Rehman Makki as being associated with ISIL or Al-Qaida and has accordingly been added to the ISIL (Da'esh) & Al-Qaida Sanctions List of individuals and entities that are subject to assets freeze, travel ban and arms embargo as set out in paragraph 1 of Security Council resolution 2610 (2021).

Further to the requirements of the provisions of Section 6 of the CBN AML/CFT Regulations, 2022 and Section 4.3 of the CBN Guidelines on Targeted Financial Sanctions Related to Terrorism and Terrorism Financing, 2022, all financial institutions are required to immediately:
o Screen their customer database for business relationship with the designated individual and file a report to the NFIU; and o Update their sanctions screening list to reflect the recent changes in the UNSC Consolidated Lists.

The weblink to the UNSC Press Release is as follows https://press.un.org/en/2023/sc15177.doc.htm This is for the immediate compliance of all financial institutions, please.

HARRY J. AUDU
For: DIRECTOR, FINANCIAL POLICY AND REGULATION DEPARTMENT