In accordance with the Money Laundering (Prohibition) Act 2004, now known as the Money Laundering(Prohibition) Act 2011, the Special Control Unit Against Money Laundering (SCUML) is a government organization. The only duty of this organization is to keep an eye on, oversee, and control the operations of Designated Non-Financial Institutions (DNFIs).
The EFCC issues the SCUML certificate, which confirms the organization's legitimacy and acts as evidence that the bank account isn't being used for money laundering. It may not be permitted for any organization that is a DNFI but has not registered with SCUML to have a bank account with any financial institution.
Who is covered by DNFIs?
DNFIs are defined as dealers in the underlisted, under Section 25 of the ML Act
1. Real Estate agents
2. Estate Developers
3. Estate Surveyors and Valuers
4. Estate Agent
5. Chartered Accountants
6. Jewellery
7. Cars and luxurious goods dealers
8. Precious stones and metals dealers
9. Audit Firms
10. Tax Consultants
11. Clearing and Settlement Companies
12. Hotels
13. Casinos
14. Supermarkets
15. Dealers in mechanised farming equipment and machineries
16. Non Governmental Organisations (NGOs)
17. Practitioners of Mechanised Farming
How do I enroll?
Visit SCUML website, www.scuml.org click on the tab “Register online”. Fill the registration Form and attach the required documents listed below:
LIMITED LIABILITY COMPANIES:
· Certificate of Incorporation
· Memorandum and Article of Association (MEMART)
· Form CAC2 and CAC7
· Evidence of tax Registration
BUSINESS NAMES:
· Certificate of Incorporation
· Form BN-O1 (Proprietor’s Particulars)
· Tax Evidence of tax Registration
Note: professional companies are to also provide professional certificates e.g. Law firms, Accounting firms, Audit firms, etc.
NON-GOVERNMENTAL ORGANIZATION (NGOS)/NON-PROFIT ORGANIZATIONS (NPOS):
· Certificate of Incorporation/Registration
· Incorporation of Trustees OR CAC7
· Constitution OR Memorandum & Article of Association
STATE REGISTRATIONS:
· Certificate of Registration from State
· Constitution
· Copies of valid Identification of at least 3 executive members
INTERNATIONAL NGOs/NPOs:
· Evidence of Registration with National Planning Commission (NPC)
· Constitution
· Organisational Profile.
SCAN AND UPLOAD ALL REQUIRED DOCUMENTS USING PORTABLE DOCUMENT FOLDER (PDF), ATTACHMENT MUST NOT EXCEED 2MB OR 2000KB.
NOTE: UPON SUCCESSFUL APPROVAL OF APPLICATION(S),DNFIS WILL UNDERGO A SENSITIZATION SESSION AND ORIGINAL CAC CERTIFICATE MUST BE SIGHTED BEFORE COLLECTION OF SCUML CERTIFICATE.
What happens next?
Once your application is successful, your organisation will receive its own unique SCUML registration number and a SCUML registration certificate.
For more information, please visit the official SCUML website.
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