The Central Bank of Nigeria (CBN) has reinforced its regulatory oversight to bolster the resilience and transparency of the country’s financial system, reaffirming its commitment to strict compliance and risk management across financial institutions.
According to a statement from the apex bank, the CBN reaffirmed its commitment at a mandatory compliance and anti-money laundering training workshop held in Lagos.
The event, organised in collaboration with Citi, brought together compliance officers, trade operations specialists, and correspondent banking teams from various financial institutions to discuss global regulatory trends, financial risks, and strategies for maintaining robust compliance frameworks.
The Special Adviser to the CBN Governor on Compliance, Shola Phillips, stressed the need for Nigerian financial institutions to align with international banking standards to maintain confidence in the sector.