Regulatory Alerts2013-11-01 | FPR/DIR/GEN/ADM/01/010Letter to Banks and Other Financial Institutions on Suspicious Transactions Reports (STRs) and Currency Transaction Reports (CTRs)
The Central Bank of Nigeria (CBN) reiterates that financial institutions should send Suspicious Transaction Reports (STRs) and Currency Transaction Reports (CTRs) exclusively to the EFCC/NFIU, as per previous directives and relevant sections of the CBN AML/CFT Regulations, 2013. However, certain AML/CFT returns, such as RBS returns and employee conduct monitoring, should continue to be sent to both the CBN and the NFIU.
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