Description

In this course, I walked you through all you need to know about the EFCC SCUML CERTIFICATE application and how to process the registration without rejection.

What is a SCUML CERTIFICATE?

A SCUML certificate is the Special Control Unit against Money Laundering (“SCUML”) certificate issued to organizations in compliance with the provisions of the Money Laundering (Prohibition) Act, 2004 which was subsequently repealed and amended to Money Laundering (Prohibition) Act 2011(as amended).

SCUML was created as part of the measures for the implementation of the Financial Action Task Force (FATF) Recommendations on Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT) in Nigeria.

BUSINESSES THAT NEEDS SCUML CERTIFICATE TO OPERATE CORPORATE ACCOUNT

Designated Nọn Financial Institutions (DNFIs)

The following non-financial businesses require SCUML certificate to operate a business account in Nigeria;

1. Dealers in luxury goods.
2. Dealers in jewellery.
3. Importers and dealers in cars or any other automobile.
4. Hotels and other hospitality businesses.
5. Tax consultants.
6. Audit firms.
7. Casinos, pools betting and other Lottery businesses.
8. Accountants and Accounting Firms.
9. Consultants and Consulting companies.
10. Clearing and settlement companies.
11. Trust and company service providers.
12. Estate Surveyors and Valuers.
13. Dealers in Real Estate, Estates Developers, Estate Agents and Brokers.
14. Dealers in precious stones and metals.
15. Dealers in Mechanized farming equipment and machinery.
16. Construction companies.
17. Non-Governmental/Non-profit organisations.
18. Mortgage Brokers.
19. Practitioners of
Mechanized farming and such other businesses and professions as the federal Ministry of Trade and Investment or appropriate regulatory authorities may from time to time designate.

You can make a good income processing SCUML Certificate for these businesses.