Application received
Identity form, documents and consent
01REGULATORY ADVISER
V0.1 · DEMOAsk Regence
AGENTIC WORKFLOW · CUSTOMER ONBOARDING
KYC identity and risk verification
A coordinated set of agents collects evidence, verifies identity and ownership, screens risk, and routes exceptions to a human reviewer.
READY6 agents · human controlled
AGENTIC WORKFLOW · FICTIONAL PAYMENT REVIEW
Payment discrepancy detection and resolution
Regence compares Iroko Industries' USD 2m instruction with Blue Ribbon's USD 200k invoice, pauses on each control failure and preserves every human resolution for the MLRO.
READY6 agents · human controlled
INPUT
AUTONOMOUS ANALYSIS
CONTROLLED DECISION
Extract & validate
OCR, tamper checks and field matching
02Verify identity
ID, liveness and address corroboration
03Resolve ownership
Directors, UBOs and control structure
04Screen & score
PEP, sanctions, adverse media and risk
05Approve or review
Analyst decision with full evidence trail
06SIGNAL
AGENT INVESTIGATION
HUMAN ESCALATION
Payment received
USD 2m instruction and supporting invoice
01Compare documents
Instruction USD 2m · invoice USD 200k
02Value mismatch
USD 1.8m is unsupported by the invoice
03Payee unresolved
Blue Ribbon ownership and account unverified
04Evidence incomplete
Contract, purchase order and delivery absent
05Decide & preserve
Maintain hold, escalate and retain audit trail
06REGENCE · EXCEPTION RESOLUTION
Resolve workflow issue
ACTION REQUIRED
FICTIONAL CASE · AML / KYC COMPLIANCE
Detect the discrepancy before funds move.
Compare a customer payment instruction with its supporting invoice, run three focused compliance checks and preserve the recommended action.
SCENARIO 01 · MERIDIAN INTERNAL CONTROL
Invoice and payment reconciliation
MERIDIAN BANKPAYMENT INSTRUCTION
REF · MB/PI/2026/0831
- Bank customer
- Iroko Industries Ltd
- Customer role
- Buyer · Payer · Invoice recipient
- Customer address
- 657 Badagry Highway
Lagos, Nigeria - Payment amount
- USD 2,000,000.00
- Payee
- Blue Ribbon Ltd
- Payee bank
- NorthEast Bank
- Payee account
- ••••••3399
BLUE RIBBON LTDINVOICE
32 Greystone Drive · Sandton · Johannesburg · SA
- Invoice issuer
- Blue Ribbon Ltd · Supplier · Payee
- Invoice recipient
- Iroko Industries Ltd · Buyer · Payer
- Supplier bank
- NorthEast Bank
- Payee account
- ••••••3399
- Invoice total
- USD 200,000.00
- Payment terms
- Due on receipt
UNSUPPORTED DIFFERENCEUSD 1,800,000.00
The payment instruction is ten times the value of the supporting invoice.
Does the amount match?
Compare the instructed value with the invoice total and quantify any unsupported difference.
CRITICAL MISMATCH
USD 2,000,000 instructed versus USD 200,000 invoiced. USD 1,800,000 is unsupported.
ACTION 01Block release and require an amended instruction or corrected invoice that reconciles the full amount.
Can the payee be verified?
Confirm Iroko as customer, buyer and payer; then verify Blue Ribbon as supplier, invoice issuer and payee.
UNRESOLVED PAYEE RISK
The buyer-supplier roles are consistent, but Blue Ribbon's identity, ownership and payee account have not been independently verified.
ACTION 02Verify Blue Ribbon Ltd, its beneficial owners, South African address and NorthEast Bank payee account through independent sources.
Is the payment supported?
Test whether the submitted commercial evidence reasonably supports the full payment instruction.
INSUFFICIENT EVIDENCE
The invoice supports only 10% of the requested transfer. The economic purpose of the remaining value is undocumented.
ACTION 03Obtain the purchase order, underlying contract, delivery evidence and a written explanation from Iroko Industries Ltd.
REGENCE · RECOMMENDED ACTION
REQUIRES ATTENTION
Place the payment on hold and escalate for enhanced due diligence.
Block release. Require an amended instruction or corrected invoice accounting for the USD 1,800,000 difference.
Complete KYC and beneficial-ownership verification for Blue Ribbon Ltd and confirm its bank account outside the submitted records.
Collect the contract, purchase order, delivery evidence and Iroko Industries Ltd's written explanation of the economic purpose.
DECISION: Keep the transfer on hold and escalate the combined findings to the MLRO. Consider an STR only after human review of the facts and applicable reporting obligations.
Fictional demonstration only · Human compliance approval is required before any action.
SCENARIO 02 · CBN / NCS IMPORT FX CONTROLS
Trade payment and Customs documentation mismatch
The same Iroko-to-Blue Ribbon transaction is tested against official import-FX and Customs documentation requirements. No arbitrary CBN-wide USD ceiling is asserted: the control limit is the USD value supported by the invoice and accepted trade documents.
MERIDIAN BANKIMPORT FX INSTRUCTION
REF · MB/PI/2026/0831
- Customer / payer
- Iroko Industries Ltd
- Customer address
- 657 Badagry Highway
Lagos, Nigeria - Supplier / payee
- Blue Ribbon Ltd
- Destination
- South Africa
- USD requested
- USD 2,000,000.00
- Purpose
- Payment for imported goods
BLUE RIBBON LTDTRADE DOCUMENT FILE
SUPPLIER · 32 GREYSTONE DRIVE · SANDTON · SA
- Invoice recipient
- Iroko Industries Ltd
- Invoice value
- USD 200,000.00
- Form M
- Not provided
- PAAR
- Not provided
- Shipping docs
- Bill of Lading and packing list absent
- Origin evidence
- Certificate of Origin absent
UNSUPPORTED FX VALUEUSD 1,800,000.00
The USD 2,000,000 instruction exceeds the USD 200,000 evidenced trade value, and the required import documentation is absent.
Is the FX value supported?
Compare the USD amount requested with the invoice and the value recorded in the applicable trade documentation.
USD VALUE NOT SUPPORTED
Only USD 200,000 is evidenced. The remaining USD 1,800,000 cannot be processed without valid documentation reconciling the full request.
ACTION 01Hold the USD 2,000,000 request. Require corrected or additional commercial documents and ensure any FX sale does not exceed the accepted Form M/import value.
Is Form M available?
Confirm that the import was initiated through an accepted Form M and that its details agree with the supplier invoice.
FORM M MISSING
Imports of physical goods require Form M through an Authorised Dealer Bank irrespective of value; the bank must confirm acceptance before proceeding.
ACTION 02Do not remit. Obtain and validate the accepted Form M, pro-forma invoice, insurance and applicable regulatory certificates.
Is the import file complete?
Check the PAAR and shipment evidence needed to support Customs declaration and the commercial payment.
CUSTOMS EVIDENCE INCOMPLETE
The file lacks PAAR and supporting shipment documents, including the bill of lading, packing list and certificate of origin.
ACTION 03Keep the transaction on hold until the registered Form M, PAAR and applicable shipping/origin documents are independently validated.
REGENCE · CBN / CUSTOMS-GROUNDED ACTION
DOCUMENTARY HOLD
Do not process the USD 2,000,000 import payment.
Reject or amend the instruction unless valid trade evidence supports the additional USD 1,800,000.
Obtain the accepted Form M and verify that its parties, goods and value agree with the payment and invoice.
Validate PAAR, bill of lading, packing list, certificate of origin and other applicable regulatory documents.
DECISION: Maintain a documentary hold, preserve the submitted records and escalate the unexplained USD 1,800,000 difference to Trade Operations and Compliance.
Fictional scenario · Requirements are grounded in cited official CBN and Nigeria Customs sources · Confirm current transaction-specific requirements before operational use.
FICTIONAL SME FILE · CREDIT ANALYSIS
Turn fragmented records into a reviewable credit memo.
Regence extracts financial data, computes ratios, identifies reconciliation gaps and structures the analyst's decision record. It does not approve the facility.
Submitted business records
RevenueNGN 1.85bn
Cost of salesNGN 1.22bn
EBITDANGN 280m
Interest expenseNGN 70m
Current assetsNGN 620m
Current liabilitiesNGN 410m
Total debtNGN 500m
EquityNGN 700m
Sources: management accounts · sales ledger · 12-month bank statements · owner schedule
Informal-record exception
NGN 210m
Sales ledger reports NGN 1.92bn while identifiable bank inflows total NGN 1.71bn. The difference requires explanation and supporting evidence.
Do not treat unverified ledger sales as realised cash flow.
Regulatory evidence: CBN Prudential Guidelines, CRMS and Bank of Ghana risk governance.
AFCFTA · PAPSS · DOCUMENTARY TRADE
Review the corridor, settlement route and document set.
This fictional Nigeria–Ghana transaction separates preferential-trade eligibility, PAPSS customer payment speed, settlement mechanics, fees and UCP 600 document compliance.
ORIGINATORIroko Industries LtdLagos, Nigeria · NGN account
→BENEFICIARYVolta Packaging LtdAccra, Ghana · GHS account
INVOICEGHS 1,200,000Packaging materials · fictional
Preference cannot be assumed.
Confirm HS classification, the applicable tariff schedule, product-specific rule of origin and valid proof of origin for the Nigeria–Ghana corridor.
- Origin and destination states identified
- HS code not supplied
- Origin criterion not demonstrated
- Preferential tariff remains unconfirmed
Separate payment speed from final settlement.
PAPSS states that customer payments can process within 120 seconds. Pre-funding and inter-participant net settlement are separate controls.
Customer processing≤120 sec
Settlement modelConfirm SSA-1/SSA-3
Fee and FX rateQuote required
Three documentary discrepancies detected.
COMMERCIAL INVOICEAmount exceeds credit tolerance
BILL OF LADINGShipment date after latest date
INSURANCERequired document absent
Check the operative credit and licensed UCP 600 text before issuing a refusal or seeking waiver.
R
Regulatory answers you can verify.
Ask a question about the current CBN AML baseline corpus. Regence separates its analysis from the regulatory evidence supporting it.
MERIDIAN BANK · GHANA OPERATION · TREASURY & ALCO
Liquidity decisions grounded in policy.
Meridian Bank is a fictional Nigerian bank with operations in Ghana. Explore its fictional Ghana liquidity scenario using internal policy, its contingency plan, Basel III summary, ALCO memo and Treasury data.
PRIVATE TIME-SERIES FORECAST
Forecast the next 30-day deposit outflow.
TimesFM 2.5 analyses 24 fictional GHS-denominated rolling observations for Meridian’s Ghana operation. The selected Regence language adviser then explains the forecast against its liquidity position, retrieved policy evidence and internal limits.
MODEL STATUSReadyNo customer or production data is used in this demonstration.
ALCO ADVISER
Ask about liquidity risk
The adviser retrieves from the Meridian Bank corpus and uses the answer model selected in the sidebar.
INTERNAL CORPUS
Liquidity Policy · Contingency Plan · Basel III LCR/NSFR Summary · ALCO Memo · Treasury POC Data
GOVERNANCE ADVISER · V0.1
Assess oversight readiness.
Run a focused review of governance, accountability and evidence controls against the current regulatory baseline.
ASSESSMENT PROGRESSNot started
0%Board oversight
Responsibilities, reporting cadence and documented challenge.
Management accountability
Named owners, decision rights and escalation pathways.
Evidence readiness
Source records, approvals, testing and audit traceability.
Demo evidence scope
Five fictional Meridian Bank governance documents are indexed on the private retrieval service. Findings cite the internal documents used; no real bank information is included.
FICTIONAL CASE · FRAUD INVESTIGATION
Build a defensible investigation narrative.
Regence connects transaction chronology, related-party indicators and missing evidence without treating an alert as proof of wrongdoing.
KORU LOGISTICS LTD · FICTIONALDAY 1 · 09:12+ NGN 48.0m DAY 1 · 13:47− NGN 47.5m DAY 2 · 10:05+ NGN 24.0m DAY 2 · 15:22− NGN 23.8m DAY 3− NGN 18.0m
Rapid pass-through activity
Arise Commodities Ltd · “Haulage advance”
Dockside Supplies Ltd · “Equipment”
Blue Harrier Trading · “Services”
Dockside Supplies Ltd · “Invoice”
Three NGN 6m transfers · Cedar Bridge Consulting
Indicator: rapid onward movement, round values and split transfers require explanation and corroborating documents.
RELATED-PARTY NETWORK · UNCONFIRMED INDICATORSKoru Logistics Ltd shared residential addressDockside Supplies Ltd shared introducer and email domainCedar Bridge Consulting
Shared attributes require corroboration.
Customer · Director: Ada Nwosu
Beneficiary · Owner: Emeka Nwosu
Beneficiary · nominee director
No relationship is treated as proven until identifiers, ownership records and economic purpose are independently verified.
Separates observed facts, indicators, evidence gaps and human decisions.
FICTIONAL MERIDIAN BANK · BOARD REPORTING
Turn controlled data into decision-ready reporting.
Draft ICAAP narratives, credit portfolio summaries and supervisory-return packs with every case fact labelled and every regulatory claim source-cited.
ICAAP narrative focus
Explain capital position, all material risks, stress assumptions, management actions, limitations and evidence of Board challenge.
Portfolio commentary
Reconcile controlled sources, explain asset-quality movement, concentrations, coverage, exceptions and accountable remediation owners.
Capital assessment, material risks, stress outcomes, deficiencies and corrective measures.
Draft · review requiredBorrower identity, facilities, performance status, reconciliations and authorised sign-off.
Data validation pendingNamed preparer/reviewer, source reconciliation, approval and immutable receipt.
Evidence checklistRegence prepares a draft; authorised officers remain responsible for approval and submission.
REGULATORY SOURCE CATALOGUE
Evidence before fluency.
Review the authority, verification state and available citation locations for the current CBN corpus.
OFFICIAL CBN SOURCE · ARCHIVED COPY
↗Frequently Asked Questions on the Current Reform of the Bureau de Change Sub-Sector
9 December 2025 · FPR/LAD/INT/001/002
OFFICIAL CBN EXPOSURE DRAFT · ARCHIVED COPY
↗Guidelines for Handling Authorised Push Payment Fraud
1 December 2025 · FPRD/PRD/INT/CCD/005/003
OFFICIAL CBN EXPOSURE DRAFT · ARCHIVED COPY
↗Guidelines on the Treatment of Dud Cheques by Banks and Other Financial Institutions
24 November 2025 · FPR/DIR/PUB/CIR/001/008
OFFICIAL CBN SOURCE · ARCHIVED COPY
↗Circular on Cash-Out Limits for Agent Banking Transactions
17 December 2024 · PSM/DIR/PUB/CIR/001/057
OFFICIAL CBN EXPOSURE DRAFT · ARCHIVED COPY
↗Nigeria Foreign Exchange Code
3 October 2024 · Exposure draft
OFFICIAL CBN SOURCE · ARCHIVED COPY
↗Retail Dutch Auction Foreign Exchange Sale Results — 6 August 2024
9 August 2024 · CBN Retail Dutch Auction System sales report
OFFICIAL CBN SOURCE · ARCHIVED COPY
↗FAQs on Dormant Accounts, Unclaimed Balances and Other Financial Assets
26 July 2024 · FPR/DIR/PUB/CIR/002/012
OFFICIAL CBN SOURCE · ARCHIVED COPY
↗Guidelines on Dormant Accounts, Unclaimed Balances and Other Financial Assets
19 July 2024 · FPR/DIR/PUB/CIR/002/011
OFFICIAL CBN SOURCE · ARCHIVED COPY
↗Money Laundering, Terrorism Financing and Proliferation Financing Risk Assessment Report
30 June 2024 · FPR/DIR/PUB/CIR/001/003 · Banks and other financial institutions
OFFICIAL CBN SOURCE · ARCHIVED COPY
↗Regulatory and Supervisory Guidelines for Bureaux De Change Operations
22 May 2024 · FPR/DIR/PUB/CIR/002/010
OFFICIAL CBN SOURCE · ARCHIVED COPY
↗List of Deposit Money Banks and Other Financial Institutions
7 May 2024 · Institutions listed as at 26 April 2024
OFFICIAL CBN SOURCE · ARCHIVED COPY
↗Review of Minimum Capital Requirements for Commercial, Merchant and Non-Interest Banks
28 March 2024 · FPR/DIR/PUB/CIR/002/009
OFFICIAL CBN SOURCE · ARCHIVED COPY
↗Revised Guidelines for Blacklisting for Banks and Other Financial Institutions
8 March 2024 · BSD/DIR/PUB/LAB/017/002
OFFICIAL CBN SOURCE · ARCHIVED COPY
↗Revised Regulatory and Supervisory Guidelines for Bureau De Change Operations
23 February 2024 · FPR/DIR/PUB/CIR/002/006
OFFICIAL CBN SOURCE · ARCHIVED COPY
↗Guidelines on Operations of Bank Accounts for Virtual Assets Service Providers
2 January 2024 · FPR/DIR/PUB/CIR/002/003
PARTIALLY VERIFIED
↗Baseline Standards for Automated AML Solutions
10 March 2026 · Issuance circular and controlled regulatory transcription
VERIFIED PRIMARY SOURCE
↗AML Baseline Implementation Guidance & Roadmap
31 March 2026 · Implementation guidance and roadmap requirements
USER-SUPPLIED PRIMARY SOURCE
↗Three-Tiered Know Your Customer Requirements
18 January 2013 · Circular FPR/DIR/CIR/GEN/02/001
OFFICIAL SOURCE CONSOLIDATION
↗CBN/NCS Import FX and Customs Documentation Controls
Official CBN and Nigeria Customs provisions for Form M, supported FX value, PAAR and shipment documents
CENTRAL-BANK SOURCES
↗CBN/BoG Credit File Assessment Controls
Credit policy, ratio analysis, repayment capacity, credit information and concentration governance
OFFICIAL INSTITUTIONAL SOURCES
↗AfCFTA/PAPSS/ICC Trade Finance Controls
Corridor eligibility, PAPSS processing and settlement, fees and UCP 600 article areas
CENTRAL-BANK CONTROL SOURCES
↗Fraud Investigation and Evidence Controls
Transaction chronology, related-party indicators, evidence gaps, escalation and quality assurance
OFFICIAL SUPERVISORY SOURCES
↗ICAAP and Board Reporting Controls
Board ownership, annual ICAAP, material risks, portfolio reporting, CRMS and return controls
FICTIONAL DEMO SOURCE
↗Meridian Bank AML/KYC Payment Control Standard
31 August 2026 · Fictional internal control standard for the demonstration case
24Documents
263Evidence chunks
768Embedding dimensions
Top 4Retrieval window
Margins and interest cover are positive, but the ratios depend on management records containing an unresolved NGN 210m sales-to-bank-inflow difference. Stress the ratios using verified cash receipts before relying on repayment capacity.