The CBN has initiated "mystery shopping" across BDCs to enforce AML/CFT rules. Non-compliant operators face penalties, including license revocation.

The Central Bank of Nigeria (CBN) has announced the initiation of mystery shopping exercises across bureau de change (BDC) ...

The CBN said the exercise would involve deploying undercover compliance officers to assess how well the BDCs are implementing ...

This strategic alliance between FIU-IND and RBI reflects India’s broader commitment to combat economic crimes, money ...

The Central Bank of Nigeria has warned Bureau De Change operators across the country of severe sanctions for failing to comply with anti-money laundering and terrorism financing regulations.In a ...

Nigeria's Central Bank (CBN) mandates strict sanctions compliance for banks and fintechs, warning of potential enforcement ...

FIU-IND and RBI signed a pact for enhanced coordination and information exchange to improve compliance with anti-money laundering rules.

The Central Bank of Nigeria (CBN) has issued a regulatory reminder to all banks, payment service banks, and other ...

The Reserve Bank of India and the Financial Intelligence Unit-India signed an MoU in New Delhi to boost collaboration on anti ...

The Central Bank of Nigeria (CBN) says it will begin mystery shopping exercises across bureau de change (BDC) outlets to strengthen compliance with anti-money laundering and counter-terrorism ...

The Central Bank of Nigeria (CBN) has directed banks and other financial institutions to comply with applicable Nigerian and ...

The Financial Intelligence Unit- India (FIU-IND) and the Reserve Bank of India (RBI) signed a Memorandum of Understanding ...