Course Details

AML/CFT/CPF for Directors of Financial Institutions

Directors of financial institutions play a pivotal role in ensuring that their institutions have effective AML-CFT-CPF compliance programs in place. The phenomenal growth of financial services and increased cross-border activities with enhanced global financial intermediation and increased complexities of emerging technology and innovation continues to introduce new risks and opportunities for fraud.

Sep 25, 2026

9:00 am

₦129,000.00

1 Day

Virtual

Given the potential negative impact of AML/CFT infractions on the socio-economic development of any economy, financial institutions are known to have significant roles to play in complying with these regulations and in developing appropriate mechanisms to tackle this menace, minimize negative impact, and restore confidence in the system. In line with statutory requirements directors of financial institutions should undergo periodic training and retraining (quarterly) on AML-CFT-CPF Compliance to understand applicable regulations. This training is therefore designed to enhance directors in providing effective leadership, oversight, and support imperative to safeguard their institutions against financial crime and regulatory scrutiny.

Examine the Money Laundering Act 2022, as well as the FATF 40 Recommendations and Implications for Financial Institutions
Discuss how Boards can balance profitability with compliance to AML/CFT/CPF Regulations
Identify the roles and responsibilities of the Board in ensuring compliance, thus minimizing sanctions and applicable penalties that could expose their organizations to potential reputational risks
Examine the impact, benefits and challenges of emerging technology and innovations in AML-CFT-CPF Compliance.

At the end of the programme, participants will be able to:

Demonstrate an understanding of the AML/CFT Compliance Requirements in view of the 2022 Act
Enhance Board’s Roles and Responsibilities in its Oversight of Ensuring Effective Compliance
Leverage technology and innovations in managing compliance risks more effectively, reduce operational costs, and adapt to evolving regulatory requirements.

Overview of the Money Laundering Act 2022 and the FATF 40 Recommendations: Implications for Financial Institutions
Roles and Responsibilities of the Board: Administrative Sanctions
Technology Innovations in AML-CFT-CPF Compliance: Impact, Benefits and Challenges
AML/CFT/CPF: Balancing Profitability with Compliance