Regulatory Alerts2015-07-16 | FPR/DIR/CIR/GEN/05/008Added · Updated
Circular to all Licensed Bureaux De Change (BDCs) in Nigeria
Starting August 1, 2015, all transactions by licensed Bureaux De Change (BDCs) in Nigeria must include the Bank Verification Number (BVN) of customers, with corporate customers providing the BVN of a director or authorized signatory. Non-compliance or provision of incorrect BVN information will result in penalties, including fines and potential license revocation.
More like this from CBN
CBN published 1 document in the last 30 days. We email you each new one the day it's published.
Topics
Share