RegAlert2012-04-27 | FPR/DIR/CIR/AML/CFT/01/001Added · Updated
Anti-Money Laundering/Combating The Financing Of Terrorism (AML/CFT) Risk-Based Supervision (RBS) Framework
On the 6th of December, 2011, the Federal Republic of Nigeria published an official notice in their Official Gazette volume 98. This notice contained two significant updates on Anti-Money Laundering/Combating Financing of Terrorism (AML/CFT) efforts. Firstly, a new Risk-Based Supervision (RBS) Framework was introduced to supplement the AML/CFT Regulation No. 79 of 2009. This framework involved guidelines for bank examiners' procedures and instructions on operational practices within financial institutions under the purview of the Central Bank of Nigeria (CBN). Secondly, the CBN amended sections 1.15.2, 1.18.3, and 1.18.1.2 within the Anti-Money Laundering/Combating Financing of Terrorism (AML/CFT) Regulation, 2009 to conform to provisions from Nigeria's Money Laundering (Prohibition) Act, 2011 and its Terrorism (Prevention) Act, 2011. These actions were taken by the CBN using powers granted under Sections 57 and 65 of the Banks and Other Financial Institutions Act in an attempt to improve Nigeria's efforts in combating money laundering and terrorist financing activities within its financial system.
CBN published 1 document in the last 30 days — get each new one by email the day it lands.
Extraordinary
Federal Republic Of Nigeria Official Gazette No. 120 Lagos - 6Th December, 2011 Vol. 98
Government Notice No. 270 The following are published as supplement to this Gazette :
S.I. No. Short Title Page 43 Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT) Risk-based Supervision (RBS) Framework .. B 1173 44 Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT) Regulation, 2009 (as amended) .. .. B 1175
B 1171 Printed and Published by The Federal Government Printer, Lagos, Nigeria FGP 19/42012/650 (OL 111) Annual Subscription from 1st January, 2012 is Local : N25,000.00 Overseas : N37,500.00 [Surface Mail] N49,500.00 [Second Class Air Mail]. Present issue N1,000 per copy. Subscribers who wish to obtain Gazette after 1st January should apply to the Federal Government Printer, Lagos for amended Subscriptions.
B 1173 S. I. 43 Of 2011
Anti-Money Laundering/Combating The Financing Of Terrorism (Aml/Cft) Risk-Based Supervision (Rbs) Framework
[1st Day of December, 2011]
Commencement.
In order to complement the Anti-Money Laundering/Combating Financing of Terrorism (AML/CFT) Regulation No. 79 of 2009 (as amended) and in the exercise of the powers vested in the CENTRAL BANK OF NIGERIA (the CBN) under Sections 57 and 65 of the Banks and Other Financial Institutions Act, Cap. B3 Laws of the Federation of Nigeria 2004 to make regulations and compound offences respectively, the CBN hereby issues the AML/CFT RBS Framework, 2011 (attached) which consists of AML/CFT RBS Manual for Bank Examiners' Procedures and AML/CFT Operations in Financial Institutions and the supervisory purview of the CBN.
MADE in Abuja this 1st Day of December, 2011.
MALLAM SANUSI LAMIDO SANUSI
Governor, Central Bank of Nigeria
B 1175
S. I. 44 Of 2011 Anti-Money Laundering/Combating The Financing Of Terrorism (Aml/Cft) Regulation, 2009 (As Amended)
[1st Day of December, 2011]
Commencement.
Subsequent to the issuance of the Regulation on the Anti-Money Laundering/Combating Financing of Terrorism (AML/CFT) Regulation No. 79 of 2009 and in the exercise of the powers vested in the CENTRAL BANK OF NIGERIA (the CBN) under Sections 57 and 65 of the Banks and Other Financial Institutions Act, Cap. B3 Laws of the Federation of Nigeria 2004 to make regulations and compound offences respectively, the Bank hereby amends sections 1.15.2, 1.18.3 and 1.18.1.2 of the Regulation under reference to comply with sections 6(2)(c), 10(1) and 2(1) of Money Laundering (Prohibition) Act (MLPA) 2011, and section 14 of Terrorism (Prevention) Act, 2011 as contained in the Circular attached.
MADE in Abuja this 1st Day of December, 2011.
MALLAM SANUSI LAMIDO SANUSI
Governor, Central Bank of Nigeria
Note from RegAlert. AI assistants can read this document in full, and search 70,000+ more, through the RegAlert MCP connector (https://mcp.regalert.today/mcp). Free with an account. How to connect ChatGPT, Claude or Cursor.
Lineage: In force
Similar documents from other regulators
CBBThe Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT) GuidelineBarbados · 2021-01-01
FDICAnti-Money Laundering and Countering the Financing of Terrorism ProgramsUS Federal · 2026-04-10
RBNZAnti-money laundering and countering terrorism financing (AML/CFT)New Zealand · 2022-02-27
NBFIRANBFIRA Model Anti-Money Laundering and Counter-Terrorism Financing PolicyBotswana · 2025-12-04
FSAFrequently Asked Questions Regarding Guidelines for Anti-Money Laundering and Combating the Financing of TerrorismJapan · 2026-03-31
PMANational Committee for Combating Money Laundering and Terrorist Financing Instructions No. (4) of 2022 Regarding AML/CFT for Financial Institutions - BanksPalestine · 2022-12-18
BOIManagement of Anti-Money Laundering and Countering Financing of Terrorism Risks (Proper Conduct of Banking Business Directive No. 411)Israel · 2021-10-24
CBKBanking Circular No 12 of 2015 - Compliance with the AML-CFT LawKenya · 2015-12-11
BOAInstruction No. 02 of 2023, dated 4 December 2023, on the obligations of financial institutions regarding anti-money laundering, counter-terrorist financing, and countering proliferation financingAlgeria · 2023-12-04
AMFEBA Guidelines on Risk-Based Supervision for AML/CFT - Comply or Explain ProcedureFrance
CBKCentral Bank of Kuwait Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) InstructionsKuwait · 2023-08-08
SECZReserve Bank of Zimbabwe AML/CFT Directive on Financial Institution ObligationsZimbabwe · 2020-11-23
CBLCentral Bank of Liberia AML/CFT Regulations for Financial InstitutionsLiberia · 2013-09-05
CBJAML/CFT Instructions for Licensed BanksJordan · 2026-07-14
CBOBCentral Bank of The Bahamas AML/CFT/CPF Guidelines for Supervised Financial InstitutionsBahamas · 2026-05-05
SEBIGuidelines on Anti-Money Laundering (AML) Standards and Combating the Financing of Terrorism (CFT) for Securities Market IntermediariesIndia · 2018-07-04
FINCENAnti-Money Laundering and Countering the Financing of Terrorism ProgramsUS Federal · 2024-06-28
BNRAML-CFT General Guidelines 4230/2023-00076 [614] for Regulated InstitutionsRwanda · 2023-10-16
BOGBank of Ghana and Financial Intelligence Centre AML/CFT&P Guideline for Banks and Non-Bank Financial Institutions in GhanaGhana · 2020-06-22
CBTTAML/CFT Risk-Based Supervisory FrameworkTrinidad and Tobago · 2020-11-11
BCRGNorms on AML/CFT Applicable to Inclusive Financial InstitutionsGuinea · 2020-02-01
GFSCAML/CFT/CPF Guidance Notes — IntroductionGibraltar · 2026-08-17
CBBCentral Bank of Belize AML/CFT Guidelines for Banks, Financial Institutions, Credit Unions and Money Transfer Services Providers June 2010Belize · 2011-08-25
SECSEC Guidelines on Risk-Based AML/CFT Implementation and Risk Rating System for Covered PersonsPhilippines · 2020-09-25
MASCircular to Corporate Finance Firms on Enhancing Anti-Money Laundering and Countering the Financing of Terrorism Measures and Business ConductSingapore · 2015-10-28
BOGBanking and Credit Committee Decision on Preventing Money Laundering and Terrorist Financing in Supervised InstitutionsGreece · 2009-03-17
BCEAOInstruction No. 01/2007/RB on the Fight Against Money Laundering within Financial InstitutionsSenegal · 2007-07-02
Source: Central Bank of Nigeria — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
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.