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KYC & AML Compliance Analyst: Onboarding, Monitoring and Reporting in Nigerian Financial Services

The analyst's job at a Nigerian bank, fintech or insurer: the law and the FATF, customer due diligence and tiered KYC, beneficial ownership, risk rating, PEPs and sanctions, transaction monitoring, alert investigations, suspicious transaction reports and the ethics of compliance.

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About this course

Banks, microfinance banks, fintechs, payment companies, insurers and investment firms in Nigeria hire KYC and AML analysts constantly, and most graduates who apply have never been taught the job. This course teaches it from the first day. You will learn how money laundering and terrorist financing work, the Nigerian laws and regulators and the FATF standards behind them, how to identify and verify individuals and businesses under tiered KYC, how to find the real owners behind companies, how to rate customer risk fairly, how to handle politically exposed persons, sanctions screening and adverse media, how transaction monitoring works and the red flags common in Nigeria, how to investigate an alert and write a case note, when and how to write a suspicious transaction report without tipping anyone off, how fintechs, agents and virtual assets change the picture, how data protection and ethics apply, and how to build a compliance career. Every lesson follows a new analyst at a fictional Abuja microfinance bank. It is education about the job, not legal advice: your MLRO and your institution's policy decide. Free, like every Skillnaija course.

On Zainab Mohammed's first Monday at Crestline Microfinance Bank in Abuja, Ifeoma, the senior analyst, turns her screen round. A wallet opened five weeks ago by a 22-year-old who told the bank he sells phone accessories has received 43 transfers in three days, from 43 different people. Almost all of it left within the hour, as cash withdrawn through POS agents in three states. 'So he's a fraudster?' Zainab asks. Ifeoma shakes her head. 'We don't know that, and it isn't our job to decide. Our job is to ask whether this fits what we know about him, find out what we properly can, write it down, and pass it to Mr Adebayo if it doesn't fit. Welcome to compliance.'

What you'll learn

Course syllabus — 12 lessons

  1. What KYC and AML analysts do16 min
  2. The law, the regulators and the FATF17 min
  3. Customer due diligence and tiered KYC17 min
  4. Beneficial ownership and business customers16 min
  5. Risk assessment and customer risk rating16 min
  6. PEPs, sanctions and adverse media17 min
  7. Transaction monitoring: red flags and typologies16 min
  8. Investigating an alert17 min
  9. Suspicious transaction reports and regulatory reporting17 min
  10. Wallets, agents and virtual assets16 min
  11. Data protection, ethics and pressure16 min
  12. Careers, certifications and the project17 min

Your project

Your Compliance Case File

One document (Google Doc with view access, or an uploaded Word or PDF file) with a headed section for each of the six parts. Tables are welcome. Everything fictional; no real personal data.

Certificates on Skillnaija are earned, not issued for attendance: you submit this project, it is graded against a rubric, and passing issues a certificate anyone can verify. See the full project brief, rubric and free workbook →

Frequently asked questions

Is KYC & AML Compliance Analyst: Onboarding, Monitoring and Reporting in Nigerian Financial Services free?

Yes. KYC & AML Compliance Analyst: Onboarding, Monitoring and Reporting in Nigerian Financial Services is completely free on Skillnaija. You need a free account to open the lessons, and there is no charge for the course, the project, or the certificate.

How long does KYC & AML Compliance Analyst: Onboarding, Monitoring and Reporting in Nigerian Financial Services take to complete?

6 weeks · ~4 hrs/week. There are 12 lessons, about 3 hours of material in total. You learn at your own pace and your progress is saved.

Do I need any experience to start KYC & AML Compliance Analyst: Onboarding, Monitoring and Reporting in Nigerian Financial Services?

Beginner-friendly. You can start from scratch — no prior experience is assumed.

What will I learn in KYC & AML Compliance Analyst: Onboarding, Monitoring and Reporting in Nigerian Financial Services?

You will build practical skills in Money laundering and terrorist financing typologies, Nigerian AML/CFT law and the FATF in outline, Customer due diligence and tiered KYC, Beneficial ownership analysis, Customer risk rating, PEP and enhanced due diligence, Sanctions and adverse media screening, Transaction monitoring and red flags, Alert investigation and case notes, Suspicious transaction report writing, Fintech and virtual asset risk in outline, Data protection and compliance ethics. Every lesson is written for a Nigerian context, with examples drawn from how the work is actually done and paid for here.

Do I get a certificate for KYC & AML Compliance Analyst: Onboarding, Monitoring and Reporting in Nigerian Financial Services?

Yes, but it has to be earned. You complete the course project — Your Compliance Case File and submit it for grading. Passing the project issues a verifiable certificate; finishing the lessons alone does not.

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