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The Nigerian Bar Association Anti-money Laundering (NBA-AMLC) Appointment and Examination Rules and Protocols

The NBA-Anti-Money Laundering Committee (NBA-AMLC) Appointment and Examination Rules and Protocols, 2024 set forth the regulatory and procedural framework governing the constitution, responsibilities, and operational protocols of the NBA-AMLC, as well as the standards for examination, monitoring, and compliance by legal practitioners in line with Nigeria’s anti-money laundering and counter-terrorism financing obligations.

These Rules and Protocols serve to enhance the legal profession’s role in safeguarding the financial system from abuse and ensuring strict adherence to national and international AML/CFT standards.

This document is essential for law firms, compliance officers, designated non-financial businesses and professions (DNFBPs), and legal practitioners subject to AML regulatory oversight.