CBN Slaps ₦35M Fine on Access Bank for AML and Terror Financing Breaches

The Central Bank of Nigeria has fined Access Bank ₦35 million after a risk-based AML/CFT/CPT examination covering May 2024 to April 2025 found compliance breaches. This penalty was disclosed in the lender’s 2025 financial results. It forms part of several infractions flagged during the review period. Access Bank also recorded 5,981 successful fraud incidents in 2025, involving ₦3.17 billion, though the actual loss was ₦1.236 billion. Fraudulent account transfers accounted for the largest loss at ₦587.8 million. Electronic and USSD fraud proved most frequent, with 5,931 cases and actual losses of ₦465 million.

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