{"id":6469,"date":"2025-11-20T05:08:50","date_gmt":"2025-11-20T04:08:50","guid":{"rendered":"https:\/\/demovalley.com\/nova\/?page_id=6469"},"modified":"2025-11-20T05:19:06","modified_gmt":"2025-11-20T04:19:06","slug":"aml-cft-cpf-policy","status":"publish","type":"page","link":"https:\/\/demovalley.com\/nova\/aml-cft-cpf-policy\/","title":{"rendered":"AML\/CFT\/CPF Policy"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"6469\" class=\"elementor elementor-6469\" data-elementor-post-type=\"page\">\n\t\t\t\t\t\t<section data-wpr-particles=\"{&quot;particles&quot;:{&quot;number&quot;:{&quot;value&quot;:120,&quot;density&quot;:{&quot;enable&quot;:true,&quot;value_area&quot;:800}},&quot;color&quot;:{&quot;value&quot;:&quot;#fff&quot;},&quot;shape&quot;:{&quot;type&quot;:&quot;circle&quot;,&quot;stroke&quot;:{&quot;width&quot;:0,&quot;color&quot;:&quot;#ffffff&quot;},&quot;polygon&quot;:{&quot;nb_sides&quot;:5},&quot;image&quot;:{&quot;src&quot;:&quot;img\/github.svg&quot;,&quot;width&quot;:100,&quot;height&quot;:100}},&quot;opacity&quot;:{&quot;value&quot;:0.5,&quot;random&quot;:false,&quot;anim&quot;:{&quot;enable&quot;:false,&quot;speed&quot;:1,&quot;opacity_min&quot;:0.1,&quot;sync&quot;:false}},&quot;size&quot;:{&quot;value&quot;:3,&quot;random&quot;:true,&quot;anim&quot;:{&quot;enable&quot;:false,&quot;speed&quot;:40,&quot;size_min&quot;:0.1,&quot;sync&quot;:false}},&quot;line_linked&quot;:{&quot;enable&quot;:true,&quot;distance&quot;:150,&quot;color&quot;:&quot;#ffffff&quot;,&quot;opacity&quot;:0.4,&quot;width&quot;:1},&quot;move&quot;:{&quot;enable&quot;:true,&quot;speed&quot;:3,&quot;direction&quot;:&quot;none&quot;,&quot;random&quot;:false,&quot;straight&quot;:false,&quot;out_mode&quot;:&quot;out&quot;,&quot;bounce&quot;:false,&quot;grab&quot;:{&quot;enable&quot;:false,&quot;rotateX&quot;:600,&quot;rotateY&quot;:1200}}},&quot;interactivity&quot;:{&quot;detect_on&quot;:&quot;window&quot;,&quot;events&quot;:{&quot;onhover&quot;:{&quot;enable&quot;:true,&quot;mode&quot;:&quot;grab&quot;},&quot;onclick&quot;:{&quot;enable&quot;:true,&quot;mode&quot;:&quot;push&quot;},&quot;resize&quot;:true},&quot;modes&quot;:{&quot;grab&quot;:{&quot;distance&quot;:400,&quot;line_linked&quot;:{&quot;opacity&quot;:1}},&quot;bubble&quot;:{&quot;distance&quot;:400,&quot;size&quot;:40,&quot;duration&quot;:2,&quot;opacity&quot;:8,&quot;speed&quot;:3},&quot;grab&quot;:{&quot;distance&quot;:200,&quot;duration&quot;:0.4},&quot;push&quot;:{&quot;particles_nb&quot;:4},&quot;remove&quot;:{&quot;particles_nb&quot;:2}}},&quot;retina_detect&quot;:true}\" particle-source=\"wpr_particle_json_custom\" wpr-quantity=\"180\" wpr-color=\"#000000\" wpr-speed=\"3\" wpr-shape=\"circle\" wpr-size=\"3\" class=\"elementor-section elementor-top-section elementor-element elementor-element-3e5a99b elementor-section-full_width elementor-section-height-min-height wpr-particle-yes faded-canvas hide-overflow elementor-section-height-default elementor-section-items-middle wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no wpr-equal-height-no\" data-id=\"3e5a99b\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t\t<div class=\"elementor-background-overlay\"><\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-c7759a4\" data-id=\"c7759a4\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-839e097 wcf-starter-animations-none elementor-invisible elementor-widget elementor-widget-heading\" data-id=\"839e097\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInDown&quot;,&quot;wcf_starter_animations&quot;:&quot;none&quot;,&quot;wcf_anim_duration&quot;:1000,&quot;wcf_anim_delay&quot;:0,&quot;wcf_anim_ease&quot;:&quot;ease&quot;}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">POLICIES<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3be08cb wcf-starter-animations-none elementor-invisible elementor-widget elementor-widget-heading\" data-id=\"3be08cb\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInDown&quot;,&quot;_animation_delay&quot;:800,&quot;wcf_starter_animations&quot;:&quot;none&quot;,&quot;wcf_anim_duration&quot;:1000,&quot;wcf_anim_delay&quot;:0,&quot;wcf_anim_ease&quot;:&quot;ease&quot;}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">AML\/CTF\/CPF Policies<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1272eca elementor-widget elementor-widget-spacer\" data-id=\"1272eca\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d430b76 wcf-starter-animations-none elementor-invisible elementor-widget elementor-widget-text-editor\" data-id=\"d430b76\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInDown&quot;,&quot;_animation_delay&quot;:1100,&quot;wcf_starter_animations&quot;:&quot;none&quot;,&quot;wcf_anim_duration&quot;:1000,&quot;wcf_anim_delay&quot;:0,&quot;wcf_anim_ease&quot;:&quot;ease&quot;}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p class=\"elementor-heading-title elementor-size-default\">Anti-Money Laundering\/ Countering Financing of Terrorism\/ Countering Proliferation Financing (AML\/CFT\/CPF) Policy Statements.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6bd8d2f elementor-widget elementor-widget-spacer\" data-id=\"6bd8d2f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-060a470\" data-id=\"060a470\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-e29b3cc elementor-section-full_width elementor-section-height-default elementor-section-height-default wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no wpr-equal-height-no\" data-id=\"e29b3cc\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-0080e42 no-padding\" data-id=\"0080e42\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-d0bea0f elementor-widget elementor-widget-hfe-breadcrumbs-widget\" data-id=\"d0bea0f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"hfe-breadcrumbs-widget.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<nav aria-label=\"Breadcrumb\"><ul class=\"hfe-breadcrumbs hfe-breadcrumbs-show-home\"><li class=\"hfe-breadcrumbs-item hfe-breadcrumbs-first\"><span class=\"hfe-breadcrumbs-home-icon\"><i aria-hidden=\"true\" class=\"icon icon-home1\"><\/i><\/span><a href=\"https:\/\/demovalley.com\/nova\"><span class=\"hfe-breadcrumbs-text\">Home<\/span><\/a><\/li><\/ul><\/nav>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-1733b17 elementor-section-boxed elementor-section-height-default elementor-section-height-default wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no wpr-equal-height-no\" data-id=\"1733b17\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-8770f0c\" data-id=\"8770f0c\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-68b175f wcf-starter-animations-none elementor-invisible elementor-widget elementor-widget-heading\" data-id=\"68b175f\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInDown&quot;,&quot;_animation_delay&quot;:200,&quot;wcf_starter_animations&quot;:&quot;none&quot;,&quot;wcf_anim_duration&quot;:1000,&quot;wcf_anim_delay&quot;:0,&quot;wcf_anim_ease&quot;:&quot;ease&quot;}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">Anti-Money Laundering\/ Countering Financing of Terrorism\/ Countering Proliferation Financing (AML\/CFT\/CPF) Policy Statements<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-89b4190\" data-id=\"89b4190\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-ce4bdee elementor-section-boxed elementor-section-height-default elementor-section-height-default wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no wpr-equal-height-no\" data-id=\"ce4bdee\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-1f7393f\" data-id=\"1f7393f\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-589bfaf elementor-section-boxed elementor-section-height-default elementor-section-height-default wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no wpr-equal-height-no\" data-id=\"589bfaf\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-96c796a\" data-id=\"96c796a\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6036242 wcf-starter-animations-none elementor-widget elementor-widget-heading\" data-id=\"6036242\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;wcf_starter_animations&quot;:&quot;none&quot;,&quot;wcf_anim_duration&quot;:1000,&quot;wcf_anim_delay&quot;:0,&quot;wcf_anim_ease&quot;:&quot;ease&quot;}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Overview<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c17dd45 wcf-starter-animations-none elementor-widget elementor-widget-text-editor\" data-id=\"c17dd45\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;wcf_starter_animations&quot;:&quot;none&quot;,&quot;wcf_anim_duration&quot;:1000,&quot;wcf_anim_delay&quot;:0,&quot;wcf_anim_ease&quot;:&quot;ease&quot;}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>NOVA Bank has taken steps to implement a robust AML\/CFT\/CPF Risk Based Compliance Framework which is designed to comply with all extant and emerging local, international regulations, and guidance relating to the prevention of money laundering, terrorist financing, proliferation financing and any other related financial crimes wherever it operates.<\/p><p>The Bank\u2019s AML\/CFT\/CPF policies and procedures are formulated by the top management team and approved by the board of directors. The AML\/CFT\/CPF Compliance program is consistent with the CBN Anti -money laundering and Combating Financing of Terrorism and Countering Proliferation Financing in Banks and Other Financial Institutions in Nigeria regulation 2022; Money Laundering Prevention and Prohibition Act (MLPPA) 2022 and other related laws, acts and guidelines.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b673377 elementor-button-align-stretch elementor-widget elementor-widget-form\" data-id=\"b673377\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;button_width&quot;:&quot;20&quot;,&quot;step_next_label&quot;:&quot;Next&quot;,&quot;step_previous_label&quot;:&quot;Previous&quot;,&quot;step_type&quot;:&quot;number_text&quot;,&quot;step_icon_shape&quot;:&quot;circle&quot;}\" data-widget_type=\"form.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<form class=\"elementor-form\" method=\"post\" name=\"ALM\/CTF\/CPF Policy Consent\" aria-label=\"ALM\/CTF\/CPF Policy Consent\">\n\t\t\t<input type=\"hidden\" name=\"post_id\" value=\"6469\"\/>\n\t\t\t<input type=\"hidden\" name=\"form_id\" value=\"b673377\"\/>\n\t\t\t<input type=\"hidden\" name=\"referer_title\" value=\"AML\/CFT\/CPF Policy - NOVA Bank\" \/>\n\n\t\t\t\t\t\t\t<input type=\"hidden\" name=\"queried_id\" value=\"6469\"\/>\n\t\t\t\n\t\t\t<div class=\"elementor-form-fields-wrapper elementor-labels-above\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-field-type-checkbox elementor-field-group elementor-column elementor-field-group-name elementor-col-100\">\n\t\t\t\t\t\t\t\t\t\t\t\t<label for=\"form-field-name\" class=\"elementor-field-label\">\n\t\t\t\t\t\t\t\tBy continuing to visit our website (www.novabank.ng) and other NOVA customer touchpoints, you accept and consent to the practices described in this policy.\t\t\t\t\t\t\t<\/label>\n\t\t\t\t\t\t<div class=\"elementor-field-subgroup  \"><span class=\"elementor-field-option\"><input type=\"checkbox\" value=\"I Agree\" id=\"form-field-name-0\" name=\"form_fields[name]\"> <label for=\"form-field-name-0\">I Agree<\/label><\/span><\/div>\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"elementor-field-group elementor-column elementor-field-type-submit elementor-col-20 e-form__buttons\">\n\t\t\t\t\t<button class=\"elementor-button elementor-size-md\" type=\"submit\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Send<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/button>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/form>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-149f36f wcf-starter-animations-none elementor-widget elementor-widget-text-editor\" data-id=\"149f36f\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;wcf_starter_animations&quot;:&quot;none&quot;,&quot;wcf_anim_duration&quot;:1000,&quot;wcf_anim_delay&quot;:0,&quot;wcf_anim_ease&quot;:&quot;ease&quot;}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-854523d elementor-widget elementor-widget-heading\" data-id=\"854523d\" data-element_type=\"widget\" data-widget_type=\"heading.default\"><div class=\"elementor-widget-container\"><h4 class=\"elementor-heading-title elementor-size-default\">The AML\/CFT\/CPF program comprises:<\/h4><\/div><\/div><div class=\"elementor-element elementor-element-aa4788f elementor-widget elementor-widget-text-editor\" data-id=\"aa4788f\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\"><div class=\"elementor-widget-container\"><ul><li>Robust AML\/CFT\/CPF policies, procedures, and systems which outline a risk -based methodology for assessing all customers, products, and services, and geographies risk within the business.<\/li><li>Appointments of Executive Compliance Officer and Chief Compliance Officer, as well as having an independent Compliance function to implement the AML\/CFT\/CPF Policies and Procedure.<\/li><li>Continuous staff training for all levels of the employees, senior management, board members, vendors, and outsourced staff.<\/li><li>Carry out Customer Due Diligence (CDD) procedure at onboarding and in the course of maintaining business relationships with the customer.<\/li><li>Ensuring Regulatory Reporting to relevant authorities.<\/li><li>Facilitate Board of Directors oversight function in addressing the potential risks of Money Laundering; Terrorist Financing and Proliferation Financing (ML\/TF\/PF), wherever the Bank operates.<\/li><li>Ensure that the policy does not undermine the cordial relationship between NOVA Bank Limited and her credible customers and relevant stakeholders such as vendors, consultants, regulators, investors, correspondent banks, etc.<\/li><\/ul><\/div><\/div><div class=\"elementor-element elementor-element-000e441 elementor-widget elementor-widget-heading\" data-id=\"000e441\" data-element_type=\"widget\" data-widget_type=\"heading.default\"><div class=\"elementor-widget-container\"><h4 class=\"elementor-heading-title elementor-size-default\">AML\/CFT\/CPF Controls<\/h4><\/div><\/div><div class=\"elementor-element elementor-element-c459d83 elementor-widget elementor-widget-text-editor\" data-id=\"c459d83\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\"><div class=\"elementor-widget-container\"><ul><li>Provide dual control and segregation of duties as appropriate.<\/li><li>Report and maintain records as required by regulation\/ law.<\/li><li>Independent audit of the compliance function in the bank.<\/li><li>Professional relationships with regulators, law enforcement and legislators.<\/li><li>Ensure up to date information sharing and awareness creation to employees, top management and board.<\/li><\/ul><\/div><\/div><div class=\"elementor-element elementor-element-f48bcfb elementor-widget elementor-widget-heading\" data-id=\"f48bcfb\" data-element_type=\"widget\" data-widget_type=\"heading.default\"><div class=\"elementor-widget-container\"><h4>Contact<\/h4><p>Questions, comments and requests regarding this privacy policy are welcomed and should be addressed to dpo@novabank.ng.<\/p><p>To contact our Data Protection Officer, kindly address your request to \u201cThe Data Protection Officer\u201d 23, Kofo Abayomi Street, Victoria Island, Lagos, Nigeria or email dpo@novabank.ng.<\/p><\/div><\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-fc559e0\" data-id=\"fc559e0\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>POLICIES AML\/CTF\/CPF Policies Anti-Money Laundering\/ Countering Financing of Terrorism\/ Countering Proliferation Financing (AML\/CFT\/CPF) Policy Statements. Home Anti-Money Laundering\/ Countering Financing of Terrorism\/ Countering Proliferation Financing (AML\/CFT\/CPF) Policy Statements Overview NOVA Bank has taken steps to implement a robust AML\/CFT\/CPF Risk Based Compliance Framework which is designed to comply with all extant and emerging local, international regulations, and guidance relating to the prevention of money laundering, terrorist financing, proliferation financing and any other related financial crimes wherever it operates. The Bank\u2019s AML\/CFT\/CPF policies and procedures are formulated by the top management team and approved by the board of directors. The AML\/CFT\/CPF Compliance program is consistent with the CBN Anti -money laundering and Combating Financing of Terrorism and Countering Proliferation Financing in Banks and Other Financial Institutions in Nigeria regulation 2022; Money Laundering Prevention and Prohibition Act (MLPPA) 2022 and other related laws, acts and guidelines. The AML\/CFT\/CPF program comprises: Robust AML\/CFT\/CPF policies, procedures, and systems which outline a risk -based methodology for assessing all customers, products, and services, and geographies risk within the business. Appointments of Executive Compliance Officer and Chief Compliance Officer, as well as having an independent Compliance function to implement the AML\/CFT\/CPF Policies and Procedure. Continuous staff training for all levels of the employees, senior management, board members, vendors, and outsourced staff. Carry out Customer Due Diligence (CDD) procedure at onboarding and in the course of maintaining business relationships with the customer. Ensuring Regulatory Reporting to relevant authorities. Facilitate Board of Directors oversight function in addressing the potential risks of Money Laundering; Terrorist Financing and Proliferation Financing (ML\/TF\/PF), wherever the Bank operates. Ensure that the policy does not undermine the cordial relationship between NOVA Bank Limited and her credible customers and relevant stakeholders such as vendors, consultants, regulators, investors, correspondent banks, etc. AML\/CFT\/CPF Controls Provide dual control and segregation of duties as appropriate. Report and maintain records as required by regulation\/ law. Independent audit of the compliance function in the bank. Professional relationships with regulators, law enforcement and legislators. Ensure up to date information sharing and awareness creation to employees, top management and board. Contact Questions, comments and requests regarding this privacy policy are welcomed and should be addressed to dpo@novabank.ng. To contact our Data Protection Officer, kindly address your request to \u201cThe Data Protection Officer\u201d 23, Kofo Abayomi Street, Victoria Island, Lagos, Nigeria or email dpo@novabank.ng.<\/p>\n","protected":false},"author":1,"featured_media":6446,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"page-basic.php","meta":{"footnotes":""},"class_list":["post-6469","page","type-page","status-publish","has-post-thumbnail","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.2 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>AML\/CFT\/CPF Policy - NOVA Bank<\/title>\n<meta name=\"description\" content=\"AML Policy: Anti-Money Laundering\/ Countering Financing of Terrorism\/ Countering Proliferation Financing (AML\/CFT\/CPF) Policy Statements.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/demovalley.com\/nova\/aml-cft-cpf-policy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AML\/CFT\/CPF Policy\" \/>\n<meta property=\"og:description\" content=\"AML Policy: Anti-Money Laundering\/ Countering Financing of Terrorism\/ Countering Proliferation Financing (AML\/CFT\/CPF) Policy Statements.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/demovalley.com\/nova\/aml-cft-cpf-policy\/\" \/>\n<meta property=\"og:site_name\" content=\"NOVA Bank\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/novabankng?mibextid=LQQJ4d\" \/>\n<meta property=\"article:modified_time\" content=\"2025-11-20T04:19:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/demovalley.com\/nova\/wp-content\/uploads\/2025\/11\/privacy-policy_hero.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1600\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@novabankng\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/demovalley.com\\\/nova\\\/aml-cft-cpf-policy\\\/\",\"url\":\"https:\\\/\\\/demovalley.com\\\/nova\\\/aml-cft-cpf-policy\\\/\",\"name\":\"AML\\\/CFT\\\/CPF Policy - 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