Introduction of Three-Tiered KYC Requirements

Central Bank of Nigeria Circular
Summary

Established risk-based, tiered customer due diligence (low, medium, full KYC) to advance financial inclusion while managing ML/FT risk — the architecture still underpinning tiered account limits today.

Applicability

DMBs and other financial institutions.

Open Source Document ↗
Document Details
Date Issued
18 Jan 2013
Date Effective
18 Jan 2013
Compliance Deadline
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