Thursday, May 9, 2024
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TheCable

Tag "know your customer (KYC)"

CBN, fintechs and money laundering

    CBN, fintechs and money laundering

An important development that occurred in the financial services industry the other week went largely unreported in the press; perhaps because the media is still engrossed in all the corruption

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CBN directs banks to demand customers’ social media handles for account opening

    CBN directs banks to demand customers’ social media handles for account opening

The Central Bank of Nigeria (CBN) has issued guidelines requiring banks to collect and verify social media handles as part of their know your customer (KYC) procedures. The apex bank

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