CBN Directs Banks To Accept MRCTD And Refugee ID Card As Means Of Identification For Refugees

Image result for CBN Directs Banks To Accept MRCTD And Refugee ID Card As Means Of Identification For Refugees

Yemisi Izuora

The Central Bank of Nigeria, has asked banks to fully comply with its directives by accepting the Machine Readable Convention Travel Document (MRCTD) issued by the Nigeria Immigration Services; and the Refugee Identity Card issued by the National Commission for Refugees, Migrants and Internally Displaced Persons as means of identification for refugees.

The Bank said it has come to its notice the various challenges encountered by Refugees and Asylum seekers in Nigeria with regards to means of identification with respect to the conduct of financial transactions.

 

To address these concerns, all banks and other financial institutions are referred to the provisions of the CBN AML/CFT Regulations, 2013 (as amended) on customer due diligence, especially, Regulations 40 and Regulations 80, and to note that the Machine Readable Convention Travel Document (MRCTD) issued by the Nigeria Immigration Services; and the Refugee Identity Card issued by the National Commission for Refugees, Migrants and Internally Displaced Persons are adequate as means of identification for banking transactions, CBN said.

 

“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 terrorist and proliferation of weapons of mass destruction.” it directed.

Add Comment