CBN to Step Up Supervision of Terrorism Financing

• • 1 min read
CBN to Step Up Supervision of Terrorism Financing

ABUJA — The Central Bank of Nigeria says it will prioritise supervision of terrorism financing risks in banks and other financial institutions, focusing on transaction monitoring, targeted sanctions and suspicious transaction reports. In June, the bank ordered the freezing of accounts linked to six individuals and four bureaux de change after an update of the national sanctions list.

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