How to Turn the CBN’s NIN/BVN Policy into Your Bank’s Strategic Advantage
In 2023, the banking industry faced a whooping $6.6bn in compliance fines due to AML (Anti-money laundering) and KYC (Know your customer) requirements, a significant increase from $4.2bn in 2022. It’s obvious, isn’t it? Meeting compliance is a big need, and now more than ever, regulatory bodies like the