Nigeria: Money Laundering

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Fintech Regulatory Update: The Central Bank Of Nigeria Commences AML/CFT/CPF Supervison Pilot Scheme For Select Virtual Asset Service Providers

On 31st March 2026, the Central Bank of Nigeria ("CBN") issued a press release announcing the commencement of an AML/CFT/CPF Supervision Pilot Scheme (the "Pilot Scheme") for a select group...

Nigeria Technology

UU

Udo Udoma & Belo-Osagie

New CBN Measures On Diaspora Remittances: What They Mean For Market Participants

On March 24, 2026, the Central Bank of Nigeria (CBN) issued a circular on Measures to Further Deepen Diaspora Remittances and Compliance (the “Circular”).

Nigeria Finance

PL

Pavestones Legal

European Union ('EU') Removes Nigeria From EU Anti-Money Laundering And Combating The Financing Of Terrorism ('AML/CFT') High-risk List

The European Union (‘EU') has removed Nigeria from its list of high-risk third countriesfor money laundering and terrorism financing.

Nigeria Government

AP

Advocaat Law Practice

NFIU Upgrades GoAML Platform: Key Updates Reporting Entities Must Note

The Nigerian Financial Intelligence Unit (NFIU) is Nigeria's central agency responsible for the receipt, analysis, and dissemination of financial intelligence relating to money laundering...

Nigeria Finance

Syntegral Legal Practice

Nigeria's Anti-Bribery & Corruption (ABC) And Anti-Money Laundering (AML) Landscape: A Q&A

Nigeria Criminal

UU

Udo Udoma & Belo-Osagie

Is Compliance Failure A Crime? Lessons From The Efcc's Prosecution Of Orbby Vanessa Agwuncha

Nigeria Criminal

Syntegral Legal Practice

How To Establish A Microfinance, Lending, Or Payment Company In Nigeria

Nigeria Finance

TT

The Trusted Advisors

Minimum KYC Requirements For Opening Bank Accounts For Nigerian Entities Offshore

Nigeria Government

BH

Balogun Harold

Understanding Nigeria's Removal From The Fatf Grey List – The Implications And Way Forward

Nigeria Government

BC

Babalakin & Co.Legal Practitioners

The Extra-Territorial Criminal Jurisdiction Of Nigerian Courts Over Money Laundering

Nigeria Criminal

T

Templars

Combating Anti-Money Laundering Through Automation – Central Bank Of Nigeria's Approach

Nigeria Government

T

Templars

Nigeria's Exit From The Grey List: Implications For Businesses And The Financial System

Nigeria Government

UU

Udo Udoma & Belo-Osagie

Nigeria Removed From FATF Grey List

Nigeria Government

AO

Aluko & Oyebode

Nigeria Exits FATF Grey List: Stronger Compliance, Stronger Markets

Nigeria Government

T

Templars

The Electoral Act 2026: Progress, Gaps, And The Legal Landscape For 2027

Nigeria Litigation

OA

Olisa Agbakoba Legal (OAL)

ESG Compliance And Sustainability Reporting Under Nigeria's Corporate Governance Framework

Nigeria Commercial

AP

Advocaat Law Practice

MCSN Receives ₦1.2bn Copyright Levy To Support Nigerian Musicians

AA

Adams & Adams

CAF v Senegal: When A Walk Off Becomes A Forfeit And Football's Laws Walk Off The Field

Nigeria Anti-trust

SK

Streamsowers & Kohn

Contactless Payments And The Future Of Retail Finance In Nigeria

Nigeria Technology

TA

Tope Adebayo LP

Regulatory Update: Nigeria Exits FATF'S Grey List

The Financial Action Task Force (FATF) has officially removed Nigeria from its Grey List, signaling renewed international confidence in the country's efforts...

Nigeria Government

SB

Stren & Blan Partners

Training As Control: Why Compliance Training Is Every Institution's First Line Of Defence

In the dynamic and highly regulated Nigerian financial services sector, compliance is more than a regulatory requirement, it is the foundation of institutional integrity and public trust.

Nigeria Compliance

Syntegral Legal Practice

A Guide On Anti-Money Laundering And Counter-Terrorism Finance Compliance For Designated Non-Financial Businesses And Professions In Nigeria

Money laundering and terrorist financing are major threats to national and global security, and Nigeria is no exception.

Nigeria Government

GS

Goldsmiths Solicitors

Dirty Money, Clean Hands: Navigating AML/CFT Regulations For Nigerian Lawyers

The plague and scourge of illicit financial transactions have, over time, caused significant damage to the world at various points in history.

Nigeria Government

TA

Tope Adebayo LP

Nigeria Remains On The Financial Action Task Force's (FATF) Grey List For AML/CFT/PF Deficiencies: The Way Forward

Nigeria Government

LL

Lexworth Legal Partners

Do Legal Practitioners In Nigeria Have A Duty To Confirm A Client's Source Of Funds?

Nigeria Government

SA

S.P.A. Ajibade & Co.

AML/CFT Regimes: CBN Tightens Compliance Obligations Of Financial Institutions

Nigeria Government

BI

Banwo & Ighodalo

An Overview Of The Central Bank Of Nigeria's Non-Resident Nigerian Ordinary Account And Non Resident Nigerian Investment Account

Nigeria Finance

UU

Udo Udoma & Belo-Osagie

Anti-Money Laundering Regulation In Nigeria – CBN Exposure Draft On Standards For Automated Anti-Money Laundering (AML) Solutions

Nigeria Government

PL

Pavestones Legal

Famsville: Finance Regulatory Updates (May 2025)

Nigeria Government

FS

Moroom Africa Legal Consults

Famsville: Finance Regulatory Updates (April 2025)

Nigeria Finance

FS

Moroom Africa Legal Consults

CBN Invites Stakeholders' Feedback On The Exposure Draft Of The Baseline Standards For Automated Anti-Money Laundering (AML) Solutions

Nigeria Government

TA

Tope Adebayo LP

Client Update: CBN Invites Stakeholders' Feedback On The Exposure Draft Of The Baseline Standards For Automated Anti-Money Laundering (AML) Solutions

Nigeria Government

TA

Tope Adebayo LP

Client Update: CBN Reviews Documentation Requirements For PAPSS Transactions In Nigeria

Nigeria Finance

TA

Tope Adebayo LP

Famsville: Finance Regulatory Updates (April 2025)

This month, we examine pertinent guidelines issued by the Central Bank of Nigeria (the "CBN") to players in the financial services sector. We have highlighted these key updates and their impact on the relevant stakeholders.

Nigeria Finance

FS

Moroom Africa Legal Consults

CBN Invites Stakeholders' Feedback On The Exposure Draft Of The Baseline Standards For Automated Anti-Money Laundering (AML) Solutions

On May 20, 2025, the Central Bank of Nigeria (CBN) published the Exposure Draft of the Baseline Standards for Automated Anti-Money Laundering (AML) Solutions (the "Exposure Draft" / "Proposed Baseline Standards").

Nigeria Government

TA

Tope Adebayo LP

Client Update: CBN Invites Stakeholders' Feedback On The Exposure Draft Of The Baseline Standards For Automated Anti-Money Laundering (AML) Solutions

On May 20, 2025, the Central Bank of Nigeria (CBN) published the Exposure Draft of the Baseline Standards for Automated Anti-Money Laundering (AML) Solutions...

Nigeria Government

TA

Tope Adebayo LP

Client Update: CBN Reviews Documentation Requirements For PAPSS Transactions In Nigeria

The Pan-African Payment and Settlement System (PAPSS), launched in January 2024, is a centralized payment infrastructure designed to facilitate faster and more cost-effective cross-border trade transactions...

Nigeria Finance

TA

Tope Adebayo LP

CBN Reviews Documentation Requirements For PAPSS Transactions In Nigeria

Nigeria Finance

TA

Tope Adebayo LP

Anti-Money Laundering Regulation In Nigeria – Recent Updates

On the 13th of December 2024, the Nigeria Financial Intelligence Unit ("NFIU") issued Guidelines for the Identification, Verification and Reporting of Suspicious Transactions...

Nigeria Government

PL

Pavestones Legal

Send, Receive, Thrive: Nigeria's Updated International Money Transfer Regime

International Money Transfer Operators ("IMTOs") in Nigeria are companies or organisations authorised by the Central Bank of Nigeria ("CBN") to facilitate the transfer of funds from individuals...

Nigeria Technology

LL

Lexworth Legal Partners

How To Obtain An Imto License In Nigeria

The international money transfer operator (IMTO) licence is one that is required for the provision of inbound cross-border payment services from overseas to Nigerians and foreigners ...

Nigeria Technology

uA

Firmus Advisory

An Overview Of The SEC's Framework On Accelerated Regulatory Incubation Programme For The Onboarding Of VASPs And DISPs

The Securities and Exchange Commission ("SEC"), on 21st June 2024, released a Framework on Accelerated Regulatory Incubation Programme ("ARIP") for the Onboarding of Virtual Assets Service Providers ("VASPs") and other Digital Investment Service Providers.

Nigeria Commercial

UU

Udo Udoma & Belo-Osagie

The Jurisprudence Of Non-Conviction Based Asset Forfeiture (Civil Forfeiture) In Nigeria: Constitutionality Of The New Knight-Errant Innovated Under The UNCAC

Nigeria Government

TA

Tope Adebayo LP

Compliance Requirements In Nigeria's Anti-Money Laundering Landscape

Nigeria Government

TA

Tope Adebayo LP

The National Assembly Amends The Cybercrimes (Prohibition, Prevention, Etc.) Act

Nigeria Technology

SA

S.P.A. Ajibade & Co.

The Risks And Pitfalls Of Crowdfunding Investment In Nigeria

Nigeria Finance

AS

Aarndale Solicitors

The Central Bank Of Nigeria Revokes The Operational Licenses Of 4,173 Bureaux De Change (BDC) Operators

Nigeria Compliance

SA

S.P.A. Ajibade & Co.

The Crime Of Money Laundering And Criminal Enforcement In Nigeria

Nigeria Government

Adeola Oyinlade & Co

Analysis Of Recent Changes In International Money Transfer Guidelines In Nigeria

Nigeria Government

A

AELEX

A New Regime For International Money Transfer Operator's License In Nigeria

Nigeria Technology

DO

Duale Ovia & Alex-Adedipe

The Regime For The Operation Of Bank Accounts By Virtual Asset Service Providers/Exchanges In Nigeria

Nigeria Technology

UU

Udo Udoma & Belo-Osagie

CZ's Resignation As CEO Of Binance And The $4.3billion Settlement; Implications For The Future Of Cryptocurrency & Decentralized Finance (DeFi) In The Global Fintech Ecosystem

Nigeria Technology

CO

Chris Ogunbanjo LP

Anti-Money Laundering: Nigeria's Open Central Register Of Persons With Significant Control

Nigeria Government

PL

Pavestones Legal

Cryptocurrency Regulations In Nigeria

Nigeria Technology

TT

The Trusted Advisors

The Beneficial Ownership Register: Implementing The Financial Action Task Force's Recommendations On Money Laundering And Terrorism Financing In Nigeria

Nigeria Government

A

AELEX

A Review Of The Rules Of Professional Conduct (RPC), 2023

Nigeria Government

TT

The Trusted Advisors

Assessing The Legality Of CBN's Regulation 2023 On The Collection Of Social Media Handles

Nigeria Privacy

Ai

Andersen in Nigeria

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Why EFCC Shouldn't Be In Existence – Former NBA President (Video)

OA

Olisa Agbakoba Legal (OAL)

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