Central Bank of Nigeria: Banks now required to obtain customers’ social media handles

Posted by - June 26, 2023

The Central Bank of Nigeria (CBN) has introduced new regulations that require banks to collect the social media handles of their customers. This move is part of the enhanced Customer Due Diligence (CDD) measures aimed at strengthening financial transparency and preventing money laundering and terrorist financing. The directive, issued by the CBN’s Financial Policy and

Afreximbank Unveils MANSA, Africa’s Digital Due Diligence Repository

Posted by - December 3, 2020

African Export-Import Bank (Afreximbank) has announced the launch of its operations ‘MANSA’, a pan-African customer due diligence repository for financial institutions, corporate entities and SMEs, developed to address the perceived risk of doing business in Africa and with Africans. MANSA is a single source of the primary data required for Customer Due Diligence (CDD) and