The CBN’s New AML Rules Are a Wake-Up Call for Financial Institutions
By Bolaji Jimoh, Fraud & Compliance Manager, Dojah The Central Bank of Nigeria's new AML requirements are forcing financial institutions to rethink how they manage compliance, fraud monitoring, and customer risk. With implementation deadlines now in motion, banks, fintechs, and payment companies are under increasing pressure to move away from manual AML processes and adopt automated systems capable of monitoring transactions, screening customers, and identifying suspicious activity in real time. For many institutions, the challenge is not understanding the new requirements. The challenge is being ready for them. At Dojah , we are seeing growing demand from financial institutions looking to strengthen transaction monitoring , AML screening , sanctions checks, and customer risk management ahead of the June 2026 deadline. The reason is simple. Many institutions still rely on a combination of manual reviews, disconnected systems, and onboarding-focused co...