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Results and Achievements

Access Bank was one of the first banks in Nigeria to comply with the NFIU requirement for the implementation of an Anti-Money Laundering Solution (Proactive Risk Manager – PRM).

  • Access Bank was one of the major banks in Nigeria that championed the electronic system of reporting introduced by the Nigeria Financial Intelligence Unit in January 2006.  Our bank was part of the project steering committee.
  • Our bank was among the first banks in Nigeria to implement the XML (Extensible Mark-up Language) reporting format for reportable transactions.
  • UNODC (United Nations Office on Drugs and Crime) commended Access Bank Plc as one of the best reporting entities in Nigeria in terms of quality rendition of data for analysis in the XML project.
  • The bank has also acquired a name checking and transaction filtering solution (Side Safewatch) to screen international Funds Transfer transactions against some watch lists (EU, BOE, UN and OFAC lists).
  • Our bank actively collaborates with AML/CFT compliance stakeholders and has consistently received commendation from regulators for our support and collaborative efforts.
  • We are proud to be associated with the Nigeria Financial Intelligence Unit’s (NFIU) achievements in the following areas:
    • Delisting from the Non-Cooperative Countries and Territories.
    • Removal of the US directive on Nigeria.
    • Admission of the NFIU to the Egmont Group of Financial Intelligence Units.
    • Pass mark by the (Financial Action Task Force) FATF on the mutual evaluation on Nigeria.  
  • We championed, organized and hosted the 1st meeting of the Chief Compliance Officers of Banks in Nigeria (CCCOBIN) and currently serve as the Committee’s Secretariat.
  • We are one of the three banks in Nigeria to be invited to make presentations on the AML/CFT situation in Nigeria to the prestigious Egmont Group during the evaluation of the process of admission of the NFIU into the Egmont Group
  • The bank was commended by GIABA in recognition of our immense contributions towards deepening of the understanding of internationaland regional AML/CFT regime in West Africa,
  • We were presented with a Gold Partner award of the NDLEA Officers’ Memorial Trust Fund in June 2010 for our various contributions to the campaign against  illicit drug use and trafficking in Nigeria as well as providing needful assistance to the moist deserving surviving families of officers who died in the line of duty.
  • The National Drug Law Enforcement Agency (NDLEA) recognized Access Bank as a partner and supporter in the drug war which resulted in the removal of Nigeria from the United States list of major drug trafficking nations in September 2010.
  • We were invited to attend the GIABA plenary session and Ministerial briefing in December 2010. This was the first time a Bank was invited to these events.
  • We were also invited to the FATF plenary session in Paris France in February 2011. Again we were the first Bank to be so invited in Africa.

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