Vantrace is built around the CBN circular published March 2026. Every module maps directly to a specific regulatory obligation, with no gaps and no workarounds.
BSD/DIR/PUB/LAB/019/002 — Central Bank of Nigeria, March 10 2026
The CBN circular mandates that all deposit money banks implement automated transaction monitoring with specific capabilities. Below is a direct mapping of each requirement to the Vantrace module that fulfils it, along with current coverage status.
| # | Requirement | Description | Vantrace Module | Status |
|---|---|---|---|---|
| 1 | Automated Transaction Monitoring | Real-time or near-real-time monitoring of all transaction channels including NIBSS, mobile, POS, and USSD. | Transaction Monitor | Covered |
| 2 | Rule-Based Alert Generation | Configurable rule engine generating alerts for structuring, velocity anomalies, and threshold breaches. | Rules Engine | Covered |
| 3 | ML-Powered Risk Scoring | Machine learning models assigning risk scores to transactions and counterparties, updated on a rolling basis. | Risk Scoring Engine | Covered |
| 4 | Customer Risk Profiling | Dynamic customer risk profiles incorporating behavioral patterns, PEP status, and peer-group benchmarking. | Profile Engine | Covered |
| 5 | Suspicious Activity Reporting (SAR) | Automated generation and submission-ready formatting of Suspicious Transaction Reports (STRs) for NFIU. | Reporting Engine | Covered |
| 6 | Currency Transaction Reporting (CTR) | Automatic identification and reporting of cash transactions above the regulatory threshold of ₦5,000,000. | Reporting Engine | Covered |
| 7 | Sanctions & PEP Screening | Screening against OFAC, UN, EU, and local CBN/NFIU sanctions lists with configurable match thresholds. | Screening Engine | Covered |
| 8 | Case Management & Audit Trail | Structured case management workflow with immutable audit logs, analyst notes, and disposition tracking. | Case Manager | Covered |
| 9 | Model Explainability | Human-readable explanations for every ML-generated alert, fulfilling CBN's explainability requirements for regulated AI. | Explainability Layer | Covered |
| 10 | Implementation Roadmap Submission | Documentation and evidence package for regulators demonstrating AML/CFT system implementation, due June 2026. | Compliance Pack | Covered |
Vantrace generates every report the CBN and NFIU require, formatted to current specifications and ready for submission.
Automatically populated from flagged cases with analyst review workflow. Submitted to NFIU via the goAML platform on approval.
Daily batch generation for all qualifying cash transactions above ₦5M threshold across all channels and branches.
Immediate reporting triggered when a transaction matches a designated person or entity on the CBN or UN sanctions list.
On-demand export of system logs, model documentation, and audit trails for CBN examination teams. Includes model validation records.
Monthly dashboard-ready summaries for Board Risk Committees covering alert volumes, case outcomes, and compliance KPIs.
Pre-populated evidence package demonstrating AML/CFT system capabilities to meet the June 2026 CBN submission deadline.
All customer data processed by Vantrace remains within Nigeria. There is no cross-border data transfer. The system is designed to be deployable on-premises inside your existing data centre or in a single-tenant Nigerian cloud environment.
Data handling complies with the Nigeria Data Protection Act 2023 (NDPA) and the CBN Consumer Protection Framework.
The CBN circular explicitly requires that institutions deploying AI-driven AML systems be able to explain every alert to examiners. Vantrace's Explainability Layer is designed to satisfy this requirement.
Every ML-generated risk score comes with a plain-language rationale that an analyst, compliance officer, or CBN examiner can read and verify.
Talk to us about your June 2026 deadline and how Vantrace gets you there.
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