Nigeria, March 3 -- The Central Bank of Nigeria (CBN) has urged financial institutions to tighten their compliance frameworks and conform with global banking norms to combat illicit money flows and ensure the financial system's integrity.

The apex bank made this request during the Mandatory Compliance and Anti-Money Laundering (AML) Training Workshop, which was organized in partnership with Citi and took place in Lagos on February 28, 2025.

Compliance officers, trade operations experts, and correspondent banking teams from different financial institutions convened to discuss financial risks, global regulatory developments, and compliance best practices at the event.

The CBN reiterated its commitment in a statement released on Sunday to...