The hottest Regulatory Alerts Substack posts right now

And their main takeaways
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Top Finance Topics

Alert: Central Bank of Nigeria Circular FPR/DIR/PUB/LTR/001/002

RegAlert • 0 implied HN points • 23 Dec 22
💰 Finance Regulatory Alerts Financial Institutions
  1. Financial institutions must follow updated lists of countries under increased monitoring and high-risk jurisdictions by the Financial Action Task Force, including the Democratic Republic of Congo and Myanmar.
  2. FATF recommends a risk-based approach when engaging with these countries, which financial institutions are expected to implement in their dealings with entities from these jurisdictions.
  3. A central bank circular in Nigeria, FPR/DIR/PUB/LTR/001/002, provides additional information and guidelines related to these financial regulations.

Alert: Central Bank of Nigeria Circular FPR/DIR/PUB/CIR/001/037

RegAlert • 0 implied HN points • 30 Dec 21
💰 Finance Regulatory Alerts
  1. The Central Bank of Nigeria issued a circular regarding a list of licensed Bureaux de Change as of December 31, 2021. You can find the full list on the CBN website.
  2. The circular is labeled FPR/DIR/PUB/CIR/001/037, indicating its specific identification in the official records.
  3. It's important to stay informed about regulatory alerts and updates from central banks to understand the changing financial landscape.

Alert: Central Bank of Nigeria Circular BSD/DIR/PUB/LAB/14/059

RegAlert • 0 implied HN points • 30 Aug 21
💰 Finance Regulatory Alerts
  1. Financial institutions in Nigeria must publish names and BVNs of customers who present fake travel documents or fail to return purchased FOREX for PTA/BTA within two weeks.
  2. Central Bank of Nigeria Circular BSD/DIR/PUB/LAB/14/059 specifies the requirement for financial institutions regarding defaulters of CBN policies on FOREX.
  3. The circular aims to enhance transparency and accountability in foreign exchange transactions in Nigeria.
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