In my view, what we need instead is a regulatory regime that treats technology neutrally and intervenes at the very moment instruments and institutions produce disproportionate risks. The principle of “same business, same risk, same rules” – to which international regulation already subscribes – will therefore remain the guiding principle now and in future.
The implementation of the AML provisions, together with the Know Your Customer policies will help rid our banking system of abuse and illegal transactions- a universal threat which demands vigilance on the part of all stakeholders. We count on your cooperation in running a transparent, safe and secure banking system consistent with the pedigree of GTBank.