The compliance infrastructure Nigerian financial institutions are required to build.

AI-powered FRAML platform for Nigerian fintechs and banks to meet CBN AML/CFT requirements.

The Problem

Compliance is breaking your team

Nigerian fintechs are navigating rising fraud, mounting regulation, and tools that weren't built for this market.

Manual reviews don't scale

Compliance teams are buried in alerts, reviewing transactions manually in spreadsheets. False positive rates above 90% are common, with analysts spending most of their time on noise rather than real risk.

Fraud losses are accelerating

Nigeria lost ₦69.93 billion to fraud across 2023 and 2024, with 95,620 reported cases in 2023 alone. Sophisticated schemes such as structuring, smurfing, and mule networks remain largely invisible to rule-based spreadsheet monitoring.

Regulatory exposure is real

CBN sanctions for AML non-compliance include licence suspension, fines, and personal liability for compliance officers. The June 2026 deadline is not a soft target.

No Nigerian-specific tooling

Generic AML platforms aren't built for CBN regulations, NFIU reporting formats, or the Nigerian transaction patterns that fraud actually exploits. Local teams are left adapting foreign tools.

The Regulatory Context

The deadline is set

Five overlapping frameworks create a mandatory compliance floor, with a hard timetable to meet.

CBN Mandatory Deadline
June
2026
Automated AML roadmap submission required under CBN Circular BSD/DIR/PUB/LAB/019/002. Full implementation by March 2028.
Non-compliance exposes institutions to licence suspension, CBN sanctions, and personal liability for designated compliance officers.
MLPPA 2022

Money Laundering (Prevention & Prohibition) Act

Establishes criminal liability for money laundering and mandates institutional AML programmes.

CBN AML/CFT/CPF Regs 2022

AML, Counter-Financing of Terrorism & Proliferation

Comprehensive regulatory framework governing transaction monitoring, reporting obligations, and sanctions screening.

NFIU Guidelines Dec 2024

Nigerian Financial Intelligence Unit

Standardised STR/CTR/SAR/FTR formats and submission protocols. Non-submission triggers automatic escalation.

CBN CDD Regs 2023 · NDPA

Customer Due Diligence & Data Protection

KYC tier enforcement, PEP/sanctions screening requirements, and data privacy obligations for customer records.

The Solution

One platform. Full compliance.

VanTrace is a modular, API-first FRAML platform built specifically for CBN-regulated institutions.

01
Live Now

AML Compliance Engine

29 CBN-aligned detection rules across 6 risk categories. Graph-based mule network detection. Automated NFIU regulatory reporting.

  • Structuring & smurfing detection
  • Sanctions & PEP screening
  • Auto STR / CTR / SAR / FTR
  • KYC tier enforcement
02
Live Now

Case Management Dashboard

Analyst-facing web interface for alert triage, investigation workflow, and regulatory reporting. White-label ready.

  • Alert feed with bulk actions
  • Maker-checker dual control
  • Role-based access + MFA
  • Tamper-proof audit trail
03
Roadmap

Fraud Detection

ML ensemble engine combining supervised and unsupervised models for real-time fraud risk scoring on every transaction.

  • XGBoost + Isolation Forest
  • 15 behavioural features
  • Velocity & device intelligence
  • Impossible travel detection
API-first architecture  ·  Per-tenant isolation  ·  JWT + API key auth  ·  White-label ready
How It Works

From transaction to filed report

Every transaction flows through a single automated pipeline, with no manual handoffs.

Step 01

Transaction Received

Your platform sends a transaction event to the VanTrace API via webhook or direct integration. Supports all CBN-regulated channels.

Step 02

Risk Engine Evaluates

29 AML rules run simultaneously. Dynamic risk score calculated across 6 dimensions: threshold, pattern, network, sanctions, KYC, and behaviour.

Step 03

Alert Generated

High-risk transactions trigger alerts with full context: the rule matched, risk score, linked entities, and recommended action. Low-risk transactions clear automatically.

Step 04

Analyst Investigates

Alert appears in the Case Management Dashboard. Analyst reviews, assigns case, applies maker-checker approval for escalations.

Step 05

Report Auto-Filed

Confirmed suspicious activity auto-generates an STR, CTR, or SAR in NFIU-compliant JSON and PDF format. Submission tracked in audit trail.

Step 06

Audit Trail Sealed

Every action, decision, and report is written to an append-only, tamper-proof audit log. CBN examination ready at any time.

Risk evaluation runs in under 500ms, with no impact on transaction latency for your customers.
Module 01 · Live

29 rules. Zero manual reviews.

The only Nigerian-built AML engine with graph-based mule network detection and native NFIU reporting.

7

Threshold & Reporting

CTR, FTR, and structured deposit detection. All CBN and NFIU reporting thresholds enforced automatically.

6

Pattern Detection

Structuring, smurfing, round-trip layering, and mule network graph analysis using NetworkX.

5

Sanctions & PEP

Real-time screening via OpenSanctions. Fuzzy name matching for partial identity evasion. CPF & WMD coverage.

4

Reporting Automation

Auto-generated STR, CTR, SAR, and FTR in NFIU-compliant JSON and PDF. Submission status tracked per case.

4

KYC Tier Enforcement

CBN 2026 KYC tier limits enforced per customer tier. Tier 1–3 thresholds with automatic blocking and escalation.

3

Periodic Monitoring

Dormant account reactivation, periodic KYC refresh triggers, and cross-channel velocity monitoring.

What makes VanTrace different

  • Graph-based mule cluster detection across multi-hop transaction chains
  • Round-trip layering chains detected across multiple hops
  • OpenSanctions integration, FATF-aligned and updated continuously
  • RapidFuzz name matching catches partial identity evasion
  • Dynamic 6-factor risk score per transaction, not binary flags
  • Native NFIU format output with no manual reformatting before submission
< 500ms
End-to-end risk evaluation
29
CBN-aligned rules
6
Risk dimensions
Module 02 · Live

Built for your compliance team

A complete investigation and reporting interface, designed for analysts and built for CBN governance requirements.

Filterable Alert Feed

Sortable, filterable alert queue with bulk actions. Analysts see only what requires attention, with risk score, matched rule, and linked context visible at a glance.

Maker-Checker Dual Control

CBN governance requirement met out of the box. All escalations and report submissions require a second authoriser before action.

Role-Based Access + MFA

Three roles: admin, analyst, read-only. All actions require MFA. Per-tenant isolation ensures data never crosses client boundaries.

Auto-SAR Generator

Confirmed suspicious cases auto-generate a complete SAR in NFIU JSON and PDF format. No manual drafting. Submission status tracked in case timeline.

Tamper-Proof Audit Trail

Append-only log of every action, decision, and report. CBN examination-ready at any moment, with no reconstruction required.

Your Analyst's Workspace

01Login + MFA
02Dashboard Overview
03Alert Feed
04Alert Detail
05Case List
06Case Detail
07Reports (STR/CTR/SAR)
08Analytics
09Screening Results
10Admin Settings

White-label ready. Your brand, your colours, your domain. VanTrace powers the engine; your customers see your product.

Module 03 · Fraud Detection

Fraud Detection Engine

A real-time ML scoring layer that evaluates every transaction for fraud risk before it clears.

Detection Architecture

  • XGBoost supervised model, trained on labelled fraud patterns
  • Isolation Forest unsupervised model, flags anomalies with no prior label
  • 65/35 ensemble weighting for balanced precision and recall
  • Risk score 0–100 returned per transaction
  • 9 pre-filter rules: velocity, amount anomaly, new device + location, impossible travel, dormant reactivation

15 Behavioural Features

  • Transaction velocity (1h, 24h, 7d windows)
  • Merchant category and geography deviation
  • Device fingerprint + IP reputation
  • Recipient network graph analysis
  • Time-of-day and day-of-week patterns

Calibrated to your transaction data

Fraud patterns are institution-specific. The VanTrace fraud model is trained and calibrated using your historical transaction data, ensuring detection is tuned to how your customers actually behave, not a generic global dataset.

We handle the model training pipeline. You provide the data.

  • Historical transaction records (labelled or unlabelled)
  • Known fraud cases for supervised training
  • Customer profile and KYC tier data
  • Device and channel metadata (where available)
  • Ongoing data feed for continuous model improvement

Requires your historical transaction data for model calibration. We handle the full training pipeline.

CBN Compliance Coverage

10 of 10 mandatory capabilities covered

VanTrace maps directly to the CBN automated AML framework, with no gaps and no custom workarounds.

10
/ 10
CBN Capabilities

Customer ID & Verification

CDD/KYC tier enforcement with your existing Identity passthrough

Customer Risk Profiling

Dynamic 6-factor risk score per customer and transaction

Real-Time Transaction Monitoring

29 rules evaluated in under 500ms on every transaction

Sanctions & PEP Screening

OpenSanctions + RapidFuzz fuzzy matching, CPF/WMD coverage

Case Management & Investigation

Full case lifecycle with maker-checker dual control

Regulatory Reporting

Auto-generated STR / CTR / SAR / FTR in NFIU format

Audit Trail & Record Keeping

Append-only tamper-proof log, CBN examination ready

Data Protection (NDPA)

AES-256 at rest, TLS in transit, per-tenant data isolation

Cross-Channel Monitoring

Unified monitoring across all transaction channels and product types

Fraud Detection

ML ensemble real-time scoring engine covering the full transaction lifecycle

Competitive Position

Why VanTrace

Built for Nigeria, not adapted for it.

Capability ✦ VanTrace Manual / Spreadsheet Generic AML Platform
CBN-specific detection rules 29 rules, CBN-aligned None Partial, manual config
Graph-based mule detection NetworkX graph engine Not available
Auto NFIU-format reporting JSON + PDF, native Manual drafting Partial, export only
Real-time evaluation (<500ms) Batch / next-day Varies, often batch
Maker-checker dual control Built-in, CBN compliant Optional add-on
White-label / multi-tenant Per-tenant branding N/A Single-tenant only
Nigerian regulatory alignment MLPPA, CBN, NFIU, NDPA Manual interpretation Generic FATF only
API-first integration FastAPI, webhook ready Varies
Pricing

Modular. Flexible. Yours.

Start with what you need. Add modules as you grow. Every tier includes onboarding and dedicated support.

Tier 1

AML Engine

Custom Pricing

Core AML compliance for fintechs starting their CBN compliance journey. API access + reporting automation.

  • 29 CBN-aligned detection rules
  • Auto STR / CTR / SAR / FTR
  • Sanctions & PEP screening
  • KYC tier enforcement
  • REST API + webhook integration
  • Onboarding support
Contact us for pricing
Tier 3

Full FRAML Platform

Custom Pricing

The complete platform: AML, case management, and fraud detection. Requires client transaction data for ML calibration.

  • Everything in Tier 2
  • Fraud detection ML engine
  • Custom model training on your data
  • Real-time fraud risk scoring
  • Analytics & model monitoring
  • Early access via pilot programme
Contact us for pricing
Get Started

Ready to meet your June 2026 deadline?

Join the fintechs and banks building on VanTrace. We'll have you up and running before the CBN deadline, with a full audit trail from day one.

Request a Demo
Questions? Reach us at info@vantrace.io