2012-04-27 | FPR/DIR/CIR/AML/CFT/01/002

Central Bank Of Nigerias Anti-Money Laundering/Combating The Financing Of Terrorism (AML/CFT)Risk Based Supervision (RBS) Framework, 2011

On December 6th, 2011, the Central Bank of Nigeria (CBN) issued the Anti-Money Laundering/Combating The Financing Of Terrorism (AML/CFT) Risk-Based Supervision (RBS) Framework and made amendments to the AML/CFT Regulation 2009. These actions were taken under Sections 57 and 65 of the Banks and Other Financial Institutions Act, with the aim of complementing the existing regulation and addressing changes in legislation such as sections 6(2)(c), 10(1) and 2(1) of Money Laundering (Prohibition) Act 2011 and section 14 of Terrorism (Prevention) Act 2011. The amendments to the Regulation were detailed in a subsequent Circular, which was also dated December 6th, 2011.

Nigeria

Central Bank of Nigeria

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