iComply has been carefully designed to align with local regulatory standards for AML/CFT. The Central Bank of Nigeria (CBN) released the 2025 Baseline Standards for Automated Anti-Money Laundering (AML) Solutions. These standards are designed to promote operational efficiency and regulatory compliance to AML/CFT/CPF requirements by financial institutions in Nigeria.

The standards include:

• Risk Profiling: Identifying politically exposed persons and other sensitive categories to apply enhanced due diligence. 
• Risk Assessment: Systematic evaluation of threats associated with customer profiles, product offerings, and transaction patterns. 
• Identification and Verification (ID&V): Establishing and validating customer identity at onboarding and across lifecycle events. 
• Sanction Screening: Real-time and periodic checks against global and local watchlists to flag prohibited or restricted entities. 
• Transaction Monitoring: Continuous surveillance of financial activity to detect unusual or suspicious behavior in real time. 
• Regulatory Reporting: Automated generation of suspicious activity/transaction reports (SARs/STRs) in line with local mandates.

Financial institutions are expected to align their AML solutions with these baseline standards within 12 months of the issuance of these standards. The CBN will conduct follow-up reviews and periodic industry assessments to ensure compliance. Institutions must provide regular training to AML teams on system usage and emerging risks. 

The CBN's AML guidelines are a clear signal that compliance can no longer be manual, reactive, or loosely enforced. They are particularly relevant for fintechs, digital banks, and payment providers operating in Nigeria. The guidelines set strict minimum standards for anti-money laundering automation and are informed by a comprehensive assessment of existing solutions within the industry.