Core AML/CFT/CPF instrument for CBN-supervised institutions: customer due diligence, three-tier KYC, transaction monitoring, record keeping, STR/CTR reporting, correspondent banking controls, beneficial ownership verification and PEP/high-risk jurisdiction rules. Operationalises the Money Laundering (Prevention and Prohibition) Act 2022.
Banks, OFIs, PSPs, fintechs and all CBN-licensed institutions.
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