In Nigeria, financial institutions (FIs) and designated non financial professions and businesses (DNFPBs) are legally required to file...

In today’s interconnected world, financial institutions, fintech companies, and microfinance businesses must navigate an increasingly...

In the battle against money laundering and financial crime, the focus is often on banks and financial institutions, which play a critical...

At Regfyl, we understand that anti-money laundering (AML) compliance is a complex, evolving landscape, particularly for financial...

The Central Bank of Nigeria (CBN) has recently issued comprehensive regulatory guidelines for bureaux de change (BDC) operations  aimed...

Objectives and Applicability The Central Bank of Nigeria (CBN) Guidance on Ultimate Beneficial Owners of Legal Persons and Legal...

The Central Bank of Nigeria (CBN) issued Guidance Notes on Politically Exposed Persons in June 2023 (Guidance), building on its 2022...

Regfyl, a Nigerian anti-money laundering (AML) compliance startup, has raised $1.1 million in pre-seed funding to address the growing...

In the ever-evolving landscape of financial regulation and compliance, Nigerian financial institutions face increasing pressure to ensure...

Terrorism financing remains a significant threat to national and global security, and Nigeria is no exception. With insurgencies and...

Digital payments in Nigeria have grown at an exponential rate over the last several years. This is wonderful for the overall financial...

Introduction Under the relevant regulatory compliance laws in Nigeria, there is an obligation for financial institutions and designated...

Regfyl is a comprehensive toolkit for fraud prevention and regulatory compliance in Africa. We live and breathe security at Regfyl. Our...

Money laundering is making illegally obtained money seem legal by moving it through various transactions to hide its source. Money...

The latest and most comprehensive regulation concerning anti-money laundering in Nigeria is the Money Laundering (Prevention and...

Financial technology (Fintech) companies are companies that use technology to provide, improve, and simplify financial services. They...

One of the more difficult issues which fintech companies in Nigeria encounter when launching and running their business is understanding...

The banking sector in Nigeria is one of the most highly regulated sectors in the country, and this is for a good reason. Banks play such...

What is a Microfinance Bank ? A microfinance bank is any company licensed by the Central Bank of Nigeria (CBN) to carry on the business...