CBN Shifts Anti-Money Laundering Compliance Deadline for Nigerian Banks

CBN shifts anti-money laundering compliance deadline for Nigerian banks

The Central Bank of Nigeria, CBN, has extended the deadline for Nigerian financial institutions to comply with its new baseline standards for automated

CBN 2026 AML Guidelines: Banks and Fintechs Get 18-Month Deadline for AI Automation - Tech

Banks and fintech companies in Nigeria will soon rely more on automated systems powered by artificial intelligence (AI) to detect money laundering and fraud after the Central Bank of Nigeria (CBN) introduced new baseline standards for automated anti-money laundering (AML) solutions across the banking sector. The guidelines, issued in March 2026, formally recognise artificial intelligence and machine learning as tools banks and payment companies …

CBN embeds AI in Nigeria's anti-money laundering framework

Nigeria’s Central Bank has formally recognised artificial intelligence as a tool for fighting financial crime, embedding AI and machine learning into new baseline standards that require banks, fintechs, and payment companies to deploy automated anti-money laundering systems. The guidelines, released on Tuesday, mark the first time the CBN has explicitly written AI into its anti-money laundering (AML) framework, pushing Nigeria’s financial instit…

CBN directs banks to deploy automated anti-money laundering systems within 18 months - Newsy People

The Central Bank of Nigeria has introduced new baseline standards requiring financial institutions to adopt automated anti-money laundering systems capable of detecting suspicious transactions and strengthening compliance with financial crime regulations. The directive was issued through a circular dated March 10, 2026, titled “Issuance of Baseline Standards for Automated Anti-Money Laundering (AML) Solution for Financial Institutions in Nigeria…

CBN Orders Banks, OFIs to Deploy AI Tech to Flag Illicit Money Flows

By Adedapo Adesanya The Central Bank of Nigeria (CBN) has rolled out fresh technology-driven rules compelling banks and other financial institutions to deploy automated anti-money laundering systems capable of detecting suspicious transactions in real time. The directive, contained in a circular issued on March 10, 2026, applies to deposit money banks, mobile money operators, international […]

CBN directs Banks and fintechs to deploy anti-money laundering tools

The Central Bank of Nigeria (CBN) has directed banks and fintechs to deploy an anti-money laundering tool that detects suspicious transactions and financial fraud in real-time.  This is contained in a circular released on Tuesday by the Apex Bank titled Issuance of Baseline Standards for Automated Anti-Money Laundering (AML) Solution for Financial Institutions in Nigeria.  CBN explained that the framework forms part of the process to combat fina…