CBN Directs Banks to Accept MRCTD and Refugee ID Card as Means of Identification for Refugees

Proshare

Monday, February 15, 2021  / 03:10 PM / by CBN / Header Image Credit: Ecographics



Proshare Nigeria Pvt. Ltd.



The attention of the Central Bank of Nigeria has been drawn to challenges encountered by Refugees and Asylum seekers in Nigeria with regards to means of identification with respect to the conduct of financial transactions.

 

To address these concerns, all banks and other financial institutions are referred to the provisions of the CBN AML/CFT Regulations, 2013 (as amended) on customer due diligence, especially, Regulations 40 and Regulations 80, and to note that the Machine Readable Convention Travel Document (MRCTD) issued by the Nigeria Immigration Services; and the Refugee Identity Card issued by the National Commission for Refugees, Migrants and Internally Displaced Persons are adequate as means of identification for banking transactions.

 

Banks and other financial institutions are also required to continue to ensure that effective customer due diligence policies and procedures are implemented to combat money laundering, financing of terrorist and proliferation of weapons of mass destruction.



Proshare Nigeria Pvt. Ltd.



Related Link

1.    SEC Proposes Rules on Green Bonds and Inclusion of BVN as a Valid Means of Identification in NCM

 


Proshare Nigeria Pvt. Ltd.



Related News

1.       FG Appoints Pre-shipment Inspection and Monitoring Agents for Non-oil Exports

2.      Co-exist of Old and New Cheques Will End on March 31st, 2021

3.      CBN Releases Circular on the Issuance of the Framework for the Regulatory Sandbox Operations

4.      CBN Issues Framework for Quick Response Code Payments in Nigeria

5.      CBN Issues Framework for Regulatory Sandbox

6.      Manufacturing PMI Stands at 49.6% in December 2020 from 50.2% in November 2020

7.      CBN Revokes Operating Licenses of Seven Payment Services Providers and a Switch Licence Holder

8.     CBN Publishes Draft Guidelines for the Operation of NIFI's Instruments

9.      CBN Releases Draft Framework for The Operationalisation of Its Non-Interest Asset Backed Securities

10.  CBN Frowns At Operators Paying Remittances in Local Currency



Proshare Nigeria Pvt. Ltd.


Proshare Nigeria Pvt. Ltd.

READ MORE:
Related News
SCROLL TO TOP