In Nigeria’s ever-evolving financial landscape, the fight against money laundering has become more than a regulatory obligation, it’s a battleground. From regulatory demands to institutional inertia, from technological gaps to cross-border pressures, the Anti-Money Laundering (AML) ecosystem is caught in…
In recent years, anxiety has become an increasingly common reality among compliance professionals across the globe and Nigeria is no exception. The ever-evolving regulatory landscape, pressure from regulators, and heightened expectations from internal stakeholders have created a high-stress environment that…
In May 2025, the Central Bank of Nigeria (CBN) released a pivotal update: the Exposure Draft on Baseline Standards for Automated AML Solutions. It’s not business as usual anymore. The CBN is redefining what it means to be AML-compliant and…
Picture this – Luxury real estate agent Chinonso, eager to close a multimillion-naira deal, helps a foreign buyer purchase several high-end properties with funds wired from offshore accounts. Unknown to him, these funds have come through a series of shell…
Despite significant regulatory efforts, money laundering and terrorism financing remain a major threat to Nigeria’s financial sector. According to Statista, Nigeria’s risk index for money laundering and terrorist financing averaged 6.9 out of 10 between 2018 and 2023, indicating a…
At Probe Compliance, we constantly innovate to empower your compliance journey. That’s why we’re excited to introduce Transaction Monitoring (TM), our advanced cutting-edge transaction monitoring solution designed to transform your compliance operations, enhance efficiency, and minimize risks. Why Choose Probe…
