2019-09-23 | OFI/DIR/DOC/GEN/020/365

Letter to all Other Financial Institutiions (OFIs) on Rendition of Returns on Anti-Money Laundering and Combattting the Financing of Terrorism (AML/CFT)

The Central Bank of Nigeria is reminding Other Financial Institutions (OFIs) about their obligation to submit regular returns on Anti-Money Laundering and Combatting the Financing of Terrorism (AML/CFT) activities. This reminder comes as many OFIs have failed to do so, which is in violation of the Money Laundering (Prohibition) Act (MLPA) 2011 and CBN AML/CFT Regulations 2013. Defaulting OFIs are strongly warned to submit their returns without delay to avoid regulatory sanctions.

Nigeria

Central Bank of Nigeria

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