SCUML means Special Control Unit Against Money Laundering
The Special Control Unit against Money Laundering (SCUML) is department under EFCC charged with the responsibility of registering monitoring, and supervising the activities of Designated Non-Financial Businesses and Professions ( DNFBPs) in line with the Money Laundering (Prevention& Prohibition) Act, 2022
And it’s important that such businesses tagged as DNFBPs obtain a SCUML certificate for smooth operations. In fact, such a business won’t be able to open a bank account without her SCUML certificate.
SCUML certificate is often applied for after CAC Registration has been completed. A company that is not fully registered with CAC cannot obtain a SCUML certificate.
Examples of such businesses are:
- Dealers in Jewellery, Cars and Luxury Goods, Precious Stones and Metals
- Real Estate, Estate Developers, Estate Surveyors and Valuers, Estate Agents
- Chartered Accountants, Audit Firms, Tax Consultants
- Clearing and settlement Companies
- Hotels, Casinos, Supermarkets
- Construction Companies
- NGOs
- Dealers in Mechanized farming equipment and machinery
- Pool Betting and Lottery
- Legal Practitioners, Trust and Company Service Providers
Want to get the SCUML certificate? Contact us today on 08109733748 or visit www.femisewo.com.