Mandates automated real-time transaction monitoring, dynamic risk scoring, multi-list sanctions screening (OFAC, UN, EU, HMT, CBN watchlist, NFIU list, PEP databases) at onboarding and per transaction, and automated regulatory reporting. Implementation roadmap due 10 June 2026. Institutions remain accountable for system effectiveness regardless of vendor.
All banks, fintechs, PSPs and CBN-supervised entities.
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