The Central Bank of Nigeria (CBN) has called on financial institutions to strengthen their compliance frameworks and align with global banking standards to combat illicit financial flows and maintain the integrity of the financial system.
The apex bank made this call at the Mandatory Compliance and Anti-Money Laundering (AML) Training Workshop held in Lagos on February 28, 2025, in collaboration with Citi.
The event brought together compliance officers, trade operations specialists, and correspondent banking teams from various financial institutions to discuss global regulatory trends, financial risks, and best practices for ensuring compliance.