SCUML AML/CFT Compliance Guidelines for DNFIS

SCUML AML/CFT Compliance Guidelines for DNFIS. Special Control Unit against Money Laundering (SCUML) AML/CFT Compliance Guidelines for Designated Non-Financial Institutions (DNFIS).

The Special Control Unit against Money Laundering (SCUML) is charged with the responsibility of monitoring, supervising and regulating the activities of Designated Non-Financial Institutions (DNFIs) in line with the provisions of the Money Laundering (Prohibition) Act, 2011,(as amended) and the Terrorism (Prevention) Act (TPA) 2011 (as amended) as well as the SCUML Regulations 2013 and 2016.

SCUML AML/CFT Compliance Guidelines for DNFIS.

The Designated Non Financial Institutions (DNFIs) are required under the above stated laws and Regulations to carry out the following statutory obligations.

1. To register with SCUML
2. To make Currency Transactions Reports (CTRs ) to SCUML of any single transaction, lodgment or transfer of funds in excess of N5,000,000 or its equivalent in the case of an individual or N10,000,000 in the of body corporate within 7 days from the date of transaction via SCUML online reporting platform on the SCUML Website: www.scuml.org
3. To make Cash Based Transactions Reports (CBTRs) to SCUML on any single transaction in excess of $1,000 or its equivalent within 7 days from the date of transaction via SCUML
4. online reporting platform on the SCUML Website: www.scuml.org
5. To make Suspicious Transaction Reports (STRs) to the Nigeria Financial Intelligence Unit (NFIU) via (www.nfiu.gov.ng) (see SCUML Regulations 2013 for more details).

WHO ARE DESIGNATED NON-FINANCIAL INSTITUTION (DNFIS)?
Designated Non-Financial Institutions are:

1. Dealers in jewelry,
2. Dealers in luxury goods,
3. Importers and dealers in cars or any other automobile
4. Hotels and other Hospitality businesses
5. Supermarkets
6. Casinos, Pools Betting & other Lottery Businesses
7. Audit firms
8. Tax Consultants
9. Law firms, Notaries and other independent Legal Practitioners
10. Accountants and Accounting firms
11. Consultants and Consulting Companies
12. Clearing and Settlements Companies
13. Trust & Company Service Providers
14. Estate surveyors and Valuers
15. Dealers in Real Estate, Estate
16. Developers, Estate Agents and Brokers
17. Dealers in Precious Stones and Metals
18. Dealers in Mechanized farming equipment and machineries
19. Construction Companies
20. Non- Governmental Organizations (NGOs) – Non- Profit Organizations (NPOs))
21. Mortgage Brokers
22. Practitioners of Mechanized Farming

Professions as the Federal Ministry of Industry, Trade & Investment or appropriate regulatory authorities may from time to time designate

HOW TO REGISTER A DESIGNATED NON-FINANCIAL INSTITUTION IN NIGERIA

The registration is carried out through the SCUML online registration platform. DNFIs are advised to visit SCUML website www.scuml.org for guidance
 
NOTE: All pages of required documents are to be scanned in PDF (adobe reader). Ensure that all the documents are scanned and uploaded in a single file/document not exceeding 2MB,

SCUML’s MANDATE:

SCUML has the mandate to Monitor, Supervise and Regulate the activities of Designated Non Financial Institutions (DNFIs) in consonance with Nigeria’s Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) regime.

All DNFIs are obligated to register with SCUML and ensure compliance with the relevant sections of the ML (P) Act 2011, (as amended) in order to avoid sanctions for noncompliance. Note SCUML collaborates with the Economic and Financial Crimes Commission (EFCC) for the enforcement of the provisions of the Act through enforcement actions including prosecution of non-compliant DNFIs.

NOTE THAT DNFIS WILL BE SENSITIZED ON THEIR OBLIGATIONS UNDER THE MONEY LAUNDERING (PROHIBITION) ACT 2011 (AS AMENDED) PRIOR TO COLLECTION OF CERTIFICATES. DNFIS ARE EXPECTED TO LIAISE WITH THE SCUML OFFICE NEAREST TO THEM.
 
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FOR FURTHER ENLIGHTENMENT, DNFIs CAN CONTACT THE SCUML OFFICES THROUGH THE HOTLINES PROVIDED ABOVE OR THROUGH THE FOLLOWING e-mail addresses
 
1. Abuja Head Office: info@scuml.org

2. Lagos Zonal Office: lagos@scuml.org

3. Enugu Zonal Office:enugu@scuml.org

4. Kano Zonal Office):kano@scuml.org

5. Port Harcourt Zonal Office;

6. GombeZonal office: gombe@scuml.org

7. Ibadan Zonal Office: Ibadan@scuml.org

8. Kaduna Zonal Office : kaduna@scuml.org

9. Maiduguri Zonal Office : maiduguri@scuml.org

10. Benin Zonal office: benin@scuml.org

11. Uyo Zonal Office: uyo@scuml.org

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