Regulatory Alerts2021-07-09 | PSM/DIR/CON/INM/011/077Added · Updated
Supervisory Framework for Payment Service Banks
The Central Bank of Nigeria outlines regulations for Payment Service Banks, focusing on corporate governance, risk management, and consumer protection. Requirements include permissible and non-permissible activities, ownership and licensing, board structure and composition, approved persons and competency frameworks, and compliance with anti-money laundering and cyber security standards.