Our AML/CFT/CPF Policy Statement
At Fidelity Bank, we are committed to conducting our business with integrity, transparency, and in strict compliance with applicable laws and regulations related to Anti-Money Laundering (AML), Combating the Financing of Terrorism (CFT), and Counter-Proliferation Financing (CPF).
We recognize the threats that money laundering, terrorist financing, and the financing of weapons of mass destruction pose to the global financial system and national security. As such, our policies, procedures, and internal controls are designed to:
- Prevent the use of our services for money laundering, terrorist financing, or proliferation financing;
- Ensure full compliance with the Central Bank of Nigeria (CBN) regulations, the Financial Action Task Force (FATF) Recommendations, and other international best practices;
- Conduct robust customer due diligence (CDD) and enhanced due diligence (EDD) where necessary;
- Maintain ongoing monitoring of transactions and reporting of suspicious activities to the Nigerian Financial Intelligence Unit (NFIU);
- Regularly train employees to identify, prevent, and report potential financial crimes;
- Cooperate fully with law enforcement and regulatory authorities in the fight against financial crimes.
Our AML/CFT/CPF framework reflects our unwavering commitment to protecting our institution, our customers, and the financial system at large from criminal exploitation. We maintain a zero-tolerance stance toward willful non-compliance and do not engage in business relationships with individuals or entities subject to financial sanctions.
Our governance structure includes a Board-appointed Chief Compliance Officer and a network of compliance professionals across our branches and subsidiaries. This ensures effective implementation of our obligations, supported by regular internal audits, independent oversight, and timely regulatory reporting.
To report suspicious activities or transactions, please visit our Whistle Blowing page.
