Please be informed that in compliance with the provision of the MONEY LAUNDERING (PROHIBITION) ACT 2011, the Financial Institution is obliged to report the following transactions to the Financial Intelligence Unit:

  1. A transfer to/or from a foreign country of funds or securities of a sum exceeding US $10,000 (or in equivalent) by any person or corporate body.
  2. All transactions in excess of ₦5,000,000 (for individuals) and ₦10,000,000 (for corporate bodies).
  3. All transactions considered suspicious in line with section 6 (2) of the MONEY LAUNDERING (PROHIBITION) ACT 2011.