The directive was given by Dr Kevin Amugo, Director, Finance
Policy Regulation Department, on Wednesday, in Abuja, through a memo to the
banks, other financial institutions and payment service providers in the
country.
Amugo said that the directive was necessitated by the
challenges which refugees and asylum seekers experience, with means of
identification, when they engaged in financial transactions.
He also urged the banks to improve on due diligence in all
transactions, so as to forestall money laundering and other criminal activities
depending on the banking system.
“All banks and financial institutions are referred to the
provisions of the CBN AML/CFT Regulations 2013 (as amended) on customer due
diligence.
“They should note that MRCTD issued by the Nigeria
Immigration Services; and the Refugee Identity Card issued by the National
Commission for Refugee, Migrants and Internally Displaced Persons, are adequate
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 terrorists,
as well as the proliferation of weapons of mass destruction,” Amugo said.
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