2011-08-24 | FPR/DIR/CIR/GEN/01/019 B

EXPOSURE DRAFTS OF AML/CFT RISK BASED SUPERVISION (RBS)FRAMEWORK CONSISTING OF AML/CFT RBS FOR BANK EXAMINERS' EXAMINATION PROCEDURES;AND AML/CFT RBS REGULATION FOR FINANCIAL INSTITUTIONS

The Central Bank of Nigeria (CBN) has developed draft copies of an Anti-Money Laundering/Combating Financing of Terrorism (AML/CFT) Risk Based Supervision (RBS) Framework. This framework, consisting of an AML/CFT RBS Manual for Bank Examiners' Examination Procedures and an AML/CFT RBS Regulation, is designed to guide the country's financial institutions in combating money laundering and terrorist financing. It also complements the existing 2009 AML/CFT Regulation issued by CBN. The bank has shared these drafts as exposure documents for comments from stakeholders within one month, with the goal of finalizing them and issuing them subsequently.

Nigeria

Central Bank of Nigeria

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