Regulatory
Global: Canada Imposes C$6 Million Fine on Binance for AML Breaches
Cryptocurrency exchange Binance has been fined C$6 million by Canadian authorities for violating money laundering and terrorist financing laws. The Financial Transactions and ...
Nigeria
Nigeria: Presidential Committee Recommends VAT Increase and New Revenue Sharing Formula
The presidential committee on fiscal policy and tax reforms has proposed an increase in the value-added tax (VAT) rate, along with a revision ...
Regulatory
Global: UK Government Introduces New Identity Assurance Principles
In a significant move aimed at upholding individual rights and fostering transparency in identity assurance services, the UK Government Digital Service has introduced ...
Nigeria
Nigeria: CBN Releases Roster of Accredited Deposit Money Banks in Nigeria
The Central Bank of Nigeria (CBN) has published a comprehensive list of 44 licensed deposit money banks operating in Nigeria, now accessible on ...
Nigeria
Nigeria: CAC Establishes Center for Bulk Registration of PoS Operators Ahead of July Deadline
The Corporate Affairs Commission (CAC) has launched a dedicated center for the bulk registration of Point of Sale (PoS) operators across the country, ...
Nigeria
Nigeria: CBN Exempts Several Transactions from Cybersecurity Levy, Including Salaries and Loans
The Central Bank of Nigeria (CBN) has announced exemptions for 16 transactions from the 0.5 percent cybersecurity levy on all electronic transactions, aimed ...
Nigeria
Nigeria: CBN suspends charges on cash deposits
The Central Bank of Nigeria has directed banks to stop charges on cash deposits until September 30, 2024. CBN disclosed this in a ...
Nigeria
Nigeria: CBN Eases Restrictions on IOCs’ Export Proceeds Repatriation
The Central Bank of Nigeria (CBN) has announced the relaxation of restrictions on the repatriation of oil and gas export proceeds by International ...
Regulatory
Global: Oman Enacts Biometric Legislation
The Sultanate of Oman has recently implemented its Biometric Law, which governs the processing and collection of biometric data and establishes a biometric ...
Nigeria
Nigeria: SEC DG Calls on Crypto Community to Expose Naira Manipulators
Emomotimi Agama, the Director-General of the Securities and Exchange Commission (SEC), has urged members of Nigeria’s crypto community to reveal the identities of ...
