2022-12-22 | FPR/DIR/PUB/CIR/001/062

Guidelines on Targeted Financial Sanctions Relating to Proliferation Financing

The Central Bank of Nigeria has issued guidelines on targeted financial sanctions related to proliferation financing, requiring financial institutions to prevent and suppress the financing of weapons of mass destruction. The guidelines outline obligations for FIs, including risk assessment, screening, and transaction monitoring, with sanctions for non-compliance. FIs must also report quarterly on actions taken and keep records accessible.

Nigeria

Central Bank of Nigeria

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