CBN Orders Banks, Fintechs to Strengthen Sanctions Compliance or Face Regulatory Sanctions
The Central Bank of Nigeria (CBN) has issued a stern directive to banks, payment service providers, and fintech operators across the country, mandating them to reinforce their sanctions compliance frameworks or risk facing stiff regulatory actions. The directive, contained in a circular dated April 17, 2025, was signed by Amonia Opusunju on behalf of the