Governmental Banking Guidelines
As a responsible financial institution, Bdash Bank follows both international and local banking guidelines to ensure compliance, security, and the best financial practices for our customers.
Foreign Banking Guidelines
1. Basel III (Bank for International Settlements)
Basel III sets global banking regulations on capital requirements, stress testing, and market liquidity risk. Banks must maintain a minimum capital adequacy ratio (CAR) of 8% and hold sufficient reserves to withstand financial downturns.
2. FATF (Financial Action Task Force) Regulations
The FATF combats money laundering and terrorist financing. Banks must implement Know Your Customer (KYC) and Anti-Money Laundering (AML) policies to prevent illegal transactions.
3. GDPR (General Data Protection Regulation - EU)
GDPR enforces strict data privacy laws for banks handling EU customer data. It mandates customer consent for data collection and the right to be forgotten.
4. Dodd-Frank Act (USA)
The Dodd-Frank Act prevents excessive risk-taking by banks and increases consumer protections in financial services, especially for loans and mortgages.
Local Banking Guidelines (Nigeria)
1. CBN Banking Guidelines (Central Bank of Nigeria)
The CBN regulates banking operations, ensuring financial stability, security, and compliance. Banks must meet capital adequacy requirements and adhere to licensing policies.
2. NDPR (Nigeria Data Protection Regulation)
The NDPR enforces data protection policies similar to GDPR, ensuring banks secure customer information and respect their privacy rights.
3. AMCON Act (Asset Management Corporation of Nigeria)
The AMCON Act ensures that distressed financial institutions are properly managed to prevent banking crises.
4. BOFIA (Banking and Other Financial Institutions Act)
The BOFIA regulates the establishment, operation, and supervision of banks, ensuring compliance with financial laws.
Bdash Bank Compliance & Best Practices
We adhere to global and local banking regulations by:
- Implementing strong AML & KYC policies
- Ensuring customer data privacy and security
- Complying with CBN capital and licensing requirements
- Providing fair lending and investment services
- Training employees on anti-fraud measures
Learn More About Banking Compliance
For more details on financial regulations, visit the official CBN website or contact our compliance department.
Visit CBN Website