2014-11-20 | BPS/DIR/GEN/CIR/01/014

Circular to DMBs and Merchant Banks on the Implementation of SWIFT Sanction Screening Service

The Central Bank of Nigeria is instructing all deposit money banks and merchant banks to adopt the SWIFT Sanction Screening Service to strengthen the national payments infrastructure and ensure compliance with global best practices. All banks are required to assign a project manager and nominate staff for training, subscribe to the service by December 1st, 2014, and implement it by January 31st, 2015.

Nigeria

Central Bank of Nigeria

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