allAfrica: The Central Bank of Nigeria revokes the operational licences of 4,173 Bureaux De Change operators in the country over failure to adhere to AML/CTF Guidelines

The bank said the affected institutions failed to pay for licence renewal, submit returns or comply with CBN directives on anti-money laundering, countering financing of terrorism, and counter proliferation financing regulations. The CBN said it is revising the regulatory guidelines of BDCs…