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Central Bank of Nigeria

Letter to All Licensed Bureau De Change Operators - Compliance with AML/CFT/CPF Regulations

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Author
Central Bank of Nigeria
Year
2025
Pages
2 pages

The Central Bank of Nigeria notifies all licensed Bureau de Change operators that mystery shopping exercises will begin immediately to assess compliance with AML/CFT/CPF obligations. The notice emphasizes customer identification, KYC procedures, suspicious transaction reporting, transaction monitoring, staff training, and customer onboarding, and warns that…

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