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 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…
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…
