Nigeria · AML & KYC
Anti-money-laundering and customer-due-diligence obligations, regulated activities, and the official financial regulator.
AI-drafted, editorial review pending. The official links below are checked — confirm specifics with the authority.
The Money Laundering (Prevention and Prohibition) Act 2022 applies to financial institutions and to designated non-financial businesses and professions, including real-estate agents, dealers in precious metals and stones, lawyers, accountants and casinos. Designated non-financial businesses register with the Special Control Unit against Money Laundering (SCUML), part of the EFCC. Obliged entities identify customers and beneficial owners, keep records and report suspicious transactions to the Nigerian Financial Intelligence Unit; banks also follow the Central Bank of Nigeria's AML/CFT regulations.
- The legal base is the Money Laundering (Prevention and Prohibition) Act 2022.
- Designated non-financial businesses register with SCUML.
- Suspicious transactions are reported to the NFIU.
- Nigerian Financial Intelligence Unit (NFIU)
Nigerian Financial Intelligence Unit: suspicious transaction reports.
- Special Control Unit against Money Laundering (SCUML)
Special Control Unit against Money Laundering: registration of designated non-financial businesses.
Government portals
- Corporate Affairs Commission (CAC) — Company registration, annual returns and company searches.
- Nigeria Revenue Service (NRS) — Federal taxes, including company income tax, VAT and the development levy.
- Nigeria Immigration Service eVisa — Online short-visit visa applications, which replaced visas on arrival in 2025.
- Nigeria Data Protection Commission (NDPC) — Data protection registration, guidance and breach notification.