Nigeria: Money Laundering

Subscribe

Government regulation and public sector law thought leadership, articles, podcasts, videos and webinars from expert sources across the legal world. Explore insights covering topics such as fiscal and monetary policy, human rights, foreign investment, government contracts and procurement, and constitutional and administrative law.

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

If you are thinking about launching a microfinance bank, lending company, or payment platform in Nigeria, this guide is written from the ground up based on real-world experience.

Nigeria Finance

TT

The Trusted Advisors

Minimum KYC Requirements For Opening Bank Accounts For Nigerian Entities Offshore

Nigeria's recent removal from the Financial Action Task Force (FATF) Grey List marks a significant milestone in the country's efforts to strengthen its anti-money laundering (AML)...

Nigeria Government

BH

Balogun Harold

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

On 24th October 2025, the Financial Action Task Force (FATF) officially delisted Nigeria, South Africa, Mozambique, and Burkina Faso from its grey list of countries...

Nigeria Government

BC

Babalakin & Co.

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

In today's globalized economy, the intricacies of international business transactions have resulted in a marked increase in cross-border economic crimes, including 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

Regulatory Update: Nigeria Exits FATF'S Grey List

Nigeria Government

SB

Stren & Blan Partners

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

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

Nigeria Government

GS

Goldsmiths Solicitors

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

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.

Nigeria Sustainability Market Analysis 2025: ESG Trends & Renewable Energy Insights

NC

Novatia Consulting

All You Need To Know About Nigeria's Newly Signed Tax Reform Acts

GS

Goldsmiths Solicitors

Marriage And Property In Nigeria: What Couples Need To Know About Their Rights

SP

SimmonsCooper Partners

EFCC And Tax Enforcement: What Nigerian Companies Need To Know About Tax Investigations By The EFCC

UU

Udo Udoma & Belo-Osagie

The Nigeria Tax Reform Act 2025 And How It Affects Businesses

SM

Sobowale, Medidem & Bello

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

On April 17, 2025, the Central Bank of Nigeria (CBN), through a letter referenced CMD/DIR/PUB/LTI/001/001, reminded all banks, payment service banks and other financial institutions in Nigeria...

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

Remittances from Nigerians in the diaspora have become a significant contributor to Nigeria's foreign exchange earnings and Gross Domestic Product ("GDP").

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

The fight against money laundering and terrorist financing remains a critical priority for global financial systems.

Nigeria Government

PL

Pavestones Legal

Famsville: Finance Regulatory Updates (May 2025)

In this edition, we discuss important updates issued by key regulators in the financial service sector. This month, the Central Bank of Nigeria (the "CBN") issued relevant guidelines and market updates.

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

Famsville: Finance Regulatory Updates (March 2025)

Nigeria Finance

FS

Moroom Africa Legal Consults

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

Nigeria Government

TA

TLP Advisory

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

Nigeria Government

FS

Moroom Africa Legal Consults

Anti-Money Laundering Regulation In Nigeria – Recent Updates

Nigeria Government

PL

Pavestones 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

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

The Nigerian government has recently enacted the Cybercrimes (Prohibition, prevention, etc.) (Amendment) Act 2024 to improve and enhance the Cybercrimes (Prohibition, prevention, etc.) Act 2015.

Nigeria Technology

SA

S.P.A. Ajibade & Co.

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

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

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

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

See more

Latest Videos

See more

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

OA

Olisa Agbakoba Legal (OAL)

Mondaq uses cookies on this website. By using our website you agree to our use of cookies as set out in our Privacy Policy.

Learn More