Nigeria: Money Laundering

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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

At the June 2025 Plenary of the Financial Action Task Force (FATF) held in Strasbourg, Nigeria remained on the global watchdog's list of "Jurisdictions under Increased Monitoring...

Nigeria Government

LL

Lexworth Legal Partners

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

There is some uncertainty as to whether legal practitioners in Nigeria are under a duty to investigate and confirm the source of funds with which their clients transact business requiring the services of the legal practitioner and from which the legal practitioner's fees are paid.

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

CBN Reviews Documentation Requirements For PAPSS Transactions In Nigeria

Nigeria Finance

TA

Tope Adebayo LP

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

Nigeria Government

PL

Pavestones Legal

Review Of The Lagos State Tenancy And Recovery Of Premises Draft Bill, 2025

Nigeria Real Estate

OA

Olisa Agbakoba Legal (OAL)

Legal Perspective On Rent Review In Nigeria

Nigeria Real Estate

TT

The Trusted Advisors

Setting Aside Arbitral Awards: Strategic Roles Of Legal Counsel And Judiciary In Nigeria

Nigeria Litigation

TT

The Trusted Advisors

The Rise Of Artificial Intelligence And The Future Of Businesses

Nigeria Technology

Gresyndale Legal

How Can International Businesses Successfully Set Up In Nigeria?

Nigeria Commercial

Gresyndale Legal

Famsville: Finance Regulatory Updates (March 2025)

This month, the Central Bank of Nigeria (the "CBN") and the Securities and Exchange Commission (the "SEC") issued relevant guidelines and market updates.

Nigeria Finance

FS

Moroom Africa Legal Consults

Legal Framework And Strategies For Anti-Money Laundering (AML) And Counter-Terrorist Financing (CTF) Compliance In Nigeria

In today's globalised financial landscape, local and cross-border financial transactions have become integral components of business operations, extending beyond financial institutions.

Nigeria Government

TA

TLP Advisory

Compliance Imperatives: What Financial Institutions Should Know About The Nigerian Financial Unit Suspicious Transaction Reporting Guidelines

On 13 December 2024, the NFIU issued the Guidelines for the Identification, Verification and Reporting of Suspicious Transactions Related to Money Laundering, Financing of Terrorism, and Proliferation of Weapons of Mass Destruction for Financial Institutions.

Nigeria Government

FS

Moroom Africa Legal Consults

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

Nigeria Technology

LL

Lexworth Legal Partners

How To Obtain An Imto License In Nigeria

Nigeria Technology

uA

Firmus Advisory

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

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

The Risks And Pitfalls Of Crowdfunding Investment In Nigeria

In recent years, crowdfunding has gained traction as an attractive investment option in Nigeria, offering a novel approach for entrepreneurs to raise capital and for investors to diversify their portfolios.

Nigeria Finance

AS

Aarndale Solicitors

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

The Central Bank of Nigeria in exercise of the powers conferred on it under the Bank and Other Financial Institutions Act 2020, Act No. 5, and the Revised Operational Guidelines for Bureaux De Change 2015...

Nigeria Compliance

SA

S.P.A. Ajibade & Co.

The Crime Of Money Laundering And Criminal Enforcement In Nigeria

Money laundering is the illegal concealing of money obtained from criminal or illicit activities with the purpose of appearing to have been gotten from a legitimate source.

Nigeria Government

Adeola Oyinlade & Co

Analysis Of Recent Changes In International Money Transfer Guidelines In Nigeria

In pursuit of its goal to liberalize the Nigerian foreign exchange market, the Central Bank of Nigeria (CBN) issued the 'Guidelines for International Money Transfer Services ...

Nigeria Government

A

AELEX

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

Nigeria Technology

DO

Duale Ovia & Alex-Adedipe

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

Section 119 of the Companies and Allied Matters Act ("CAMA") 2020, in conjunction with the Persons with Significant Control Regulations ("PSC Regulations") 2022, requires companies...

Nigeria Government

A

AELEX

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

The Rules of Professional Conduct for Legal Practitioners 2023 (the New Rules) is the most recent iteration of the codified rules of ethics that members of the legal profession in Nigeria are required to comply with.

Nigeria Government

TT

The Trusted Advisors

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

The Central Bank of Nigeria ("CBN") is the apex Bank in Nigeria and the primary regulator for the Financial Services Industry in Nigeria, particularly for banks and other financial institutions.

Nigeria Privacy

Ai

Andersen in Nigeria

Why CBN's Directive To Fis To Obtain The Social Media Handle Of Customers Potentially Violates The Data Protection Act

On 31 May 2023, the Governor of the Central Bank of Nigeria (CBN) in exercising powers granted under the Banks and Other Financial Institutions Act 2020 (the Act) issued the Central Bank of Nigeria (Customer Due Diligence) Regulations 2023.

Nigeria Privacy

SK

Streamsowers & Kohn

Acquiring Central Bank Of Nigeria Regulated Entities – The Core Of The Deal

Nigeria Finance

Ai

Andersen in Nigeria

Despite Reforms Introduced By Its Money Laundering (Prevention And Prohibition) Act 2022, Nigeria Again Gets Greylisted By The Financial Action Task Force

Nigeria Government

LL

Lexworth Legal Partners

An Overview Of The Nigerian Anti-Money Laundering Act 2022

Nigeria Government

TT

The Trusted Advisors

Beneficial Ownership In Complex Entities And Legal Arrangements: CBN's Guidance To Financial Institutions On Lifting The Corporate Veil

Nigeria Commercial

BI

Banwo & Ighodalo

Foreign Citizenship By Investment: An Overview

Nigeria Immigration

PL

Pavestones Legal

FAQS On The CBN Guidelines On Anti Money Laundering, Combating The Financing Of Terrorism And Countering Proliferation Financing

Nigeria Government

TT

The Trusted Advisors

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

Nigeria Government

OA

Olisa Agbakoba Legal (OAL)

Regulatory Update: Cbn Guidance On Ultimate Beneficial Ownership Of Legal Persons

Nigeria Government

PL

Pavestones Legal

Revised Cash Withdrawal Limits: Legal, Regulatory And Compliance Implications For Businesses

Nigeria Finance

BI

Banwo & Ighodalo

FAQs On The CBN Guidelines On Anti-Money Laundering, Combating The Financing Of Terrorism And Countering Proliferation Financing

Nigeria Government

OA

Olaniwun Ajayi

Regulatory Update: The Central Bank Of Nigeria Issues Guidelines For Licensing Of Banks And Other Financial Institutions In Nigeria

Nigeria Government

PL

Pavestones Legal

Securities And Exchange Commission (Sec) Releases Regulations On Capital Market Operators Anti-Money Laundering And Combating The Financing Of Terrorism And Proliferation 2022

Nigeria Government

OA

Olaniwun Ajayi

Highlights Of The Money Laundering (Prevention And Prohibition) Act 2022

Nigeria Government

TT

The Trusted Advisors

Key Provisions In The Money Laundering (Prevention And Prohibition) Act, 2022

Nigeria Government

PL

Pavestones Legal

A Synopsis Of The Money Laundering (Prevention And Prohibition) Act 2022¹

Nigeria Government

SA

S.P.A. Ajibade & Co.

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OA

Olisa Agbakoba Legal (OAL)

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