Flutterwave, Paystack, and Juicyway join CBN initiative targeting AML/CFT/CPF compliance

1. 1Review FATF Recommendations 15 and 16 for virtual asset compliance
2. 2Assess current AML/CFT/CPF frameworks for gaps and areas of improvement
3. 3Implement necessary changes to ensure compliance with regulatory requirements
4. 4Monitor and report suspicious transactions to relevant authorities

Compliance and risk management teams in fintech companies, such as Flutterwave and Paystack, will benefit from this initiative as it helps them strengthen their frameworks and ensure regulatory compliance

💡 Fintechs must comply with AML/CFT/CPF regulations to prevent money laundering and terrorist financing

🚨 CBN launches pilot program to help fintechs comply with AML/CFT/CPF regulations 💸