Week of
Hungary, Nigeria and Burundi account for the week's records, covering capital requirements, investor fraud warnings and anti-money-laundering customer checks. The Central Bank of Hungary issued a circular on applying the infrastructure supporting factor and the compliance requirements tied to the 25% capital discount under the CRR, replacing its December 2020 circular. Nigeria's Securities and Exchange Commission published two notices on the same day, warning that Aurum Bot, presented as a cryptocurrency investment scheme, and ModMount Services Limited, an online platform claiming to be a Seychelles-incorporated CFD broker, are not registered or licensed in the Nigerian capital market. Burundi's Bank of the Republic issued a circular under its 2026 anti-money-laundering regulation, setting out identification, identity verification and know-your-customer procedures for institutions subject to banking law, with a risk-based approach to vigilance measures. The week divides between prudential and supervisory guidance from Hungary and Burundi and investor-protection warnings from Nigeria, with the two Nigerian notices sharing a common call for the public to verify registration status before transacting.
Burundi
Circular No. 01/LBC-FT/2026 relating to the identification, identity verification, and know-your-customer practices by institutions subject to the banking law, issued pursuant to Regulation No. 02/2026 relating to the fight against money laundering and terrorist financing
The Bank of the Republic of Burundi specifies the procedures for identification, identity verification, and know-your-customer that must be applied by institutions subject to banking law (credit institutions, National Post Office, exchange bureaus, payment institutions, financing and/or guarantee funds, and microfinance institutions). The circular details the required documents and information for natural persons, legal entities, clubs and charitable organizations, occasional clients, safe deposit box renters, correspondent banks, third-party agents, and beneficial owners, and imposes a risk-based approach with classification, easing, or strengthening of vigilance measures. It enters into force on the day of its publication on the Bank's website and in the Official Gazette of Burundi.
CircularTranslated to EnglishFrenchAnti-money launderingReporting requirements
Hungary
Circular of the Executive Director on the application of the infrastructure supporting factor and the definition of compliance requirements
The MNB's executive circular sets out expectations for credit institutions falling under the scope of the CRR regarding the practical application of the 25% capital requirement discount available through the infrastructure supporting factor (ISF). The circular details the compliance criteria set out in Article 501a of the CRR, including environmental (taxonomic) compliance, predictability of cash flows, financing structure requirements, and conditions related to the construction period. The document replaces the previous executive circular of December 14, 2020, and promotes the predictability of law enforcement and the establishment of a uniform supervisory practice.
CircularTranslated to EnglishHungarianCapital requirementsReporting requirements
Nigeria
Suspected Fraudulent Activities Of Aurum Bot
The Securities and Exchange Commission of Nigeria warns the public that AURUM BOT, a platform presenting itself as a cryptocurrency investment scheme, is not registered or licensed to operate in the Nigerian capital market. Investigations indicate its operations exhibit characteristics of fraudulent Ponzi schemes, and the public is advised to avoid investing with it and to verify the registration status of any entity offering investment opportunities before transacting.
NoticePublished in EnglishEnglishDigital currencyConsumer protectionSuspected Fraudulent Activities Of Modmount Services Limited
The Securities and Exchange Commission of Nigeria warns the public that ModMount Services Limited, an online investment platform claiming to be a Seychelles-incorporated CFD broker offering forex, stocks, indices, commodities, and cryptocurrency investments, is not registered or licensed to operate in the Nigerian capital market. The Commission cites complaints of withdrawal difficulties and aggressive solicitation, and advises investors to verify the registration status of any entity before transacting.
NoticePublished in EnglishEnglishConsumer protectionDigital currency
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