- January 22, 2020
- Posted by: admin
- Category: Business plans, CAC, Finance & accounting
SCUML is charged with the responsibility of monitoring, supervising and regulating the activities of Designated Non-Financial Institutions (DNFIs) in line with the Money Laundering (Prohibition) Act ML(P)Act 2011 and the Prevention of Terrorism Act (PTA) 2011.
Money Laundering is a process by which criminals attempt to hide or disguise the true origin and ownership of their ill-gotten wealth to make it look legitimate. The purpose is to avoid prosecution, conviction, and confiscation of the ill-gotten wealth
i. Certificate of Incorporation. ii. Article and Memorandum of Association. iii. Tax Clearance Certificate ( Not Applicable to NGOs). iv. Audited Financial Report. v. Authorized Operational License ( Not Applicable to NGOs). vi. Company/Organization Profile. vii. Constitution ( For NGOs Only) vii. Agreement Signed between the NGO and the National Planning Commission ( For International NGOs Only)
Dealers in Jewelleries, Dealers in Luxury Goods, Chartered/Professional Accountants, Audit Firms, Tax Consultants, Clearing and Settlement Companies, Legal Practitioners, Trust and Company Service Providers. Estate Surveyors and Valuers, Hotels and Hospitality industry, Dealers and Miners of Precious Stones and Metals, Pool Betting, Casino and Lottery, Supermarkets, Non-Governmental Organizations, Consultants and Consulting companies, Construction Companies, Estate Agents, Dealers in Real Estate, Importers and Dealers in cars and vehicles Dealers in Mechanized farming equipment and machinery. Practitioners of mechanized farming and any other business(es) as may be designated from time to time by the Federal Ministry of Trade and Investment or SCUML