--- title: Afriwise Blog | Financial Services (7) description: Financial Services | (7) --- [![Afriwise](https://insights.afriwise.com/hubfs/Logos/Afriwise/Afriwise%20logo.svg)](https://afriwise.com/) - [Products](https://afriwise.com/law-products-africa/) - [Countries](https://afriwise.com/countries-covered/) - [About Afriwise](https://afriwise.com/about-afriwise/) - [Contact](https://afriwise.com/contact/) - [News](https://news.afriwise.com/) - [Insights](https://insights.afriwise.com/blog) [Schedule a demo](https://afriwise.com/contact/) [Log in](https://afriwise.com/login/) - [Products](https://afriwise.com/law-products-africa/) - [Countries](https://afriwise.com/countries-covered/) - [Solutions](https://afriwise.com/solutions/) - [About Afriwise](https://afriwise.com/about-afriwise/) - Insights - [Contact](https://afriwise.com/contact/) - [News](https://news.afriwise.com/) [Schedule a demo](https://afriwise.com/contact/) [Log in](https://afriwise.com/login/) # Welcome to Africa’s legal blog Never miss a beat on Africa's legal and regulatory landscape. - [Legislation (287)](https://insights.afriwise.com/blog/tag/legislation) - [South Africa (227)](https://insights.afriwise.com/blog/tag/south-africa) - [Nigeria (157)](https://insights.afriwise.com/blog/tag/nigeria) - [Kenya (151)](https://insights.afriwise.com/blog/tag/kenya) - [Financial Services (128)](https://insights.afriwise.com/blog/tag/financial-services) - [ICT (106)](https://insights.afriwise.com/blog/tag/ict) - [Tanzania (102)](https://insights.afriwise.com/blog/tag/tanzania) - [Regulation (87)](https://insights.afriwise.com/blog/tag/regulation) - [Corporate Commercial (84)](https://insights.afriwise.com/blog/tag/corporate-commercial) - [Tax (84)](https://insights.afriwise.com/blog/tag/tax) - [Case discussion (78)](https://insights.afriwise.com/blog/tag/case-discussion) - [Uganda (66)](https://insights.afriwise.com/blog/tag/uganda) - [Intellectual Property (58)](https://insights.afriwise.com/blog/tag/intellectual-property) - [Energy & Natural Resources (57)](https://insights.afriwise.com/blog/tag/energy-natural-resources) - [Ghana (55)](https://insights.afriwise.com/blog/tag/ghana) - [Employment and labour (52)](https://insights.afriwise.com/blog/tag/employment-and-labour) - [Data Protection (49)](https://insights.afriwise.com/blog/tag/data-protection) - [Mozambique (49)](https://insights.afriwise.com/blog/tag/mozambique) - [Commercial Crime (48)](https://insights.afriwise.com/blog/tag/commercial-crime) - [Competition/Antitrust (48)](https://insights.afriwise.com/blog/tag/competition-antitrust) - [Dispute Resolution (47)](https://insights.afriwise.com/blog/tag/dispute-resolution) - [Mauritius (46)](https://insights.afriwise.com/blog/tag/mauritius) - [Environment (44)](https://insights.afriwise.com/blog/tag/environment) - [Zambia (38)](https://insights.afriwise.com/blog/tag/zambia) - [Projects and Procurement (26)](https://insights.afriwise.com/blog/tag/projects-and-procurement) [Nigeria](https://insights.afriwise.com/blog/tag/nigeria) [Financial Services](https://insights.afriwise.com/blog/tag/financial-services) [Regulation](https://insights.afriwise.com/blog/tag/regulation) [G. Elias & Co.](https://insights.afriwise.com/blog/author/g.-elias-co) ## [Collection of Customers’ Social Media Information by Banks: An Examination of Legal Propriety](https://insights.afriwise.com/blog/collection-of-customers-social-media-information-by-banks-an-examination-of-legal-propriety) The regulator of the Nigerian financial system, the Central Bank of Nigeria (“CBN”), on June 20, 2023, issued the Customer Due Diligence Regulations (“Regulations”). This is ostensibly as a reaction to Nigeria being name-checked by the Financial Action Task Force (“FATF”).. [Read More](https://insights.afriwise.com/blog/collection-of-customers-social-media-information-by-banks-an-examination-of-legal-propriety) [Financial Services](https://insights.afriwise.com/blog/tag/financial-services) [Tanzania](https://insights.afriwise.com/blog/tag/tanzania) [Regulation](https://insights.afriwise.com/blog/tag/regulation) [Foreign exchange](https://insights.afriwise.com/blog/tag/foreign-exchange) [Bowmans](https://insights.afriwise.com/blog/author/bowmans) ## [Amendment to the Foreign Exchange Regulations](https://insights.afriwise.com/blog/amendment-to-the-foreign-exchange-regulations) In a significant development, the Foreign Exchange Regulations, initially published in May 2022, have undergone crucial amendments through the Foreign Exchange (Amendment) Regulations, 2023, published on 1 September 2023 via Government Notice .. [Read More](https://insights.afriwise.com/blog/amendment-to-the-foreign-exchange-regulations) [Kenya](https://insights.afriwise.com/blog/tag/kenya) [Financial Services](https://insights.afriwise.com/blog/tag/financial-services) [Know Your Customer](https://insights.afriwise.com/blog/tag/know-your-customer) [MWC Legal](https://insights.afriwise.com/blog/author/mwc-legal) ## [An analysis on Negligence in Loan Disbursements by Banks](https://insights.afriwise.com/blog/an-analysis-on-negligence-in-loan-disbursements-by-banks) The High Court, in a landmark Judgment delivered on 26th May, 2023 in the case of Gulf African Bank Limited v Atticon Limited and 4 others (Comm. Case No. E086 Of 2019 ) held that a bank must conduct an official search from the Companies Registry to fulfil it’s Know Your Cus.. [Read More](https://insights.afriwise.com/blog/an-analysis-on-negligence-in-loan-disbursements-by-banks) [Financial Services](https://insights.afriwise.com/blog/tag/financial-services) [Tanzania](https://insights.afriwise.com/blog/tag/tanzania) [Securities](https://insights.afriwise.com/blog/tag/securities) [Dentons](https://insights.afriwise.com/blog/author/dentons) ## [Lending against collateral – why should collateral value matter for banks/financial institutions?](https://insights.afriwise.com/blog/lending-against-collateral-why-should-collateral-value-matter-for-banks/financial-institutions) The last couple of years have seen significant progress in the appreciation of the basic principles that lay the foundation for sound lending practices and the integrity of the financial services sector. The banking industry is one of the main drivers of the country.. [Read More](https://insights.afriwise.com/blog/lending-against-collateral-why-should-collateral-value-matter-for-banks/financial-institutions) [South Africa](https://insights.afriwise.com/blog/tag/south-africa) [Financial Services](https://insights.afriwise.com/blog/tag/financial-services) [Regulation](https://insights.afriwise.com/blog/tag/regulation) [Deposit Insurance](https://insights.afriwise.com/blog/tag/deposit-insurance) [Bowmans](https://insights.afriwise.com/blog/author/bowmans) ## [South Africa: Draft Deposit Insurance Regulations](https://insights.afriwise.com/blog/south-africa-draft-deposit-insurance-regulations) The Minister of Finance, in terms of the Financial Sector Regulation Act, 2017 (FSRA), published the draft Deposit Insurance Regulations on 4 July 2023 (Draft Regulations), accompanied by a statement of need, and a notice inviting writte.. [Read More](https://insights.afriwise.com/blog/south-africa-draft-deposit-insurance-regulations) [Financial Services](https://insights.afriwise.com/blog/tag/financial-services) [Angola](https://insights.afriwise.com/blog/tag/angola) [Regulation](https://insights.afriwise.com/blog/tag/regulation) [Miranda Alliance](https://insights.afriwise.com/blog/author/miranda-alliance) ## [New Rules for Microfinance Institutions and Cooperative Credit Companies](https://insights.afriwise.com/blog/new-rules-for-microfinance-institutions-and-cooperative-credit-companies) Aiming to promote financial inclusion and diversification of credits available, the National Bank of Angola (BNA), as the Banking Supervisory Authority, has recently approved a new regulatory package applicable to Microfinance Institutions and Cooperative Credit Companies.. [Read More](https://insights.afriwise.com/blog/new-rules-for-microfinance-institutions-and-cooperative-credit-companies) [Commercial Crime](https://insights.afriwise.com/blog/tag/commercial-crime) [South Africa](https://insights.afriwise.com/blog/tag/south-africa) [Financial Services](https://insights.afriwise.com/blog/tag/financial-services) [Crypto assets](https://insights.afriwise.com/blog/tag/crypto-assets) [Webber Wentzel](https://insights.afriwise.com/blog/author/webber-wentzel) ## [The Financial Intelligence Centre Publishes Final Guidance for Crypto Asset Services Providers](https://insights.afriwise.com/blog/the-financial-intelligence-centre-publishes-final-guidance-for-crypto-asset-services-providers) The FIC has published final guidance for crypto asset services providers, which are listed as accountable institutions as of 19 December 2022. [Read More](https://insights.afriwise.com/blog/the-financial-intelligence-centre-publishes-final-guidance-for-crypto-asset-services-providers) [Nigeria](https://insights.afriwise.com/blog/tag/nigeria) [Financial Services](https://insights.afriwise.com/blog/tag/financial-services) [Regulation](https://insights.afriwise.com/blog/tag/regulation) [Olaniwun Ajayi](https://insights.afriwise.com/blog/author/olaniwun-ajayi) ## [CBN (Customer Due Diligence) Regulations 2023: Overview and Potential Implications](https://insights.afriwise.com/blog/cbn-customer-due-diligence-regulations-2023-overview-and-potential-implications) On 20 June 2023, the Central Bank of Nigeria (CBN) issued the CBN (Customer Due Diligence) Regulation 2023 (the CDD Regulations). This regulatory initiative is aimed at assisting financial institutions to comply with customer due diligence measures, required by exis.. [Read More](https://insights.afriwise.com/blog/cbn-customer-due-diligence-regulations-2023-overview-and-potential-implications) [Financial Services](https://insights.afriwise.com/blog/tag/financial-services) [Moira Mukuka Legal Practitioners](https://insights.afriwise.com/blog/author/moira-mukuka-legal-practitioners) ## [Debt Sustainability in the Wake of Zambia’s Debt Restructure: What Lenders Need to Know](https://insights.afriwise.com/blog/debt-sustainability-in-the-wake-of-zambias-debt-restructure-what-lenders-need-to-know) Zambians can finally breathe a sigh of relief as the outline of a deal aimed at lifting the country out of its debt crisis have been unveiled. [Read More](https://insights.afriwise.com/blog/debt-sustainability-in-the-wake-of-zambias-debt-restructure-what-lenders-need-to-know) [Previous](https://insights.afriwise.com/blog/tag/financial-services/page/6) [1](https://insights.afriwise.com/blog/tag/financial-services/page/1) [2](https://insights.afriwise.com/blog/tag/financial-services/page/2) [3](https://insights.afriwise.com/blog/tag/financial-services/page/3) [4](https://insights.afriwise.com/blog/tag/financial-services/page/4) [5](https://insights.afriwise.com/blog/tag/financial-services/page/5) [6](https://insights.afriwise.com/blog/tag/financial-services/page/6) [7](https://insights.afriwise.com/blog/tag/financial-services/page/7) [8](https://insights.afriwise.com/blog/tag/financial-services/page/8) [9](https://insights.afriwise.com/blog/tag/financial-services/page/9) [10](https://insights.afriwise.com/blog/tag/financial-services/page/10) [11](https://insights.afriwise.com/blog/tag/financial-services/page/11) [12](https://insights.afriwise.com/blog/tag/financial-services/page/12) [13](https://insights.afriwise.com/blog/tag/financial-services/page/13) [14](https://insights.afriwise.com/blog/tag/financial-services/page/14) [15](https://insights.afriwise.com/blog/tag/financial-services/page/15) [Next](https://insights.afriwise.com/blog/tag/financial-services/page/8) Subscribe to our newsletter - [Home](https://afriwise.com/) - [Products](https://afriwise.com/law-products-africa/) - [Countries](https://afriwise.com/countries-covered/) - [Solutions](https://afriwise.com/solutions/) - [About Afriwise](https://afriwise.com/about-afriwise/) - [FAQ](https://afriwise.com/faq/) - [News](https://news.afriwise.com/) - [Contact](https://afriwise.com/contact/) [Privacy Policy](https://afriwise.com/contact/) [Terms of Use](https://afriwise.com/contact/) [info@afriwise.com](mailto:info@afriwise.com) +32 2 808 92 74 © Afriwise N.V. 2026