SCUML Registration www.scuml.org Portal | SCUML Requirements. What is SCUML? Special Control Unit on Money Laundering (SCUML) is collaborating with Economic and Financial Crimes Commission (EFCC). 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 (TPA) 2011 (as amended) as well as the SCUML Regulations 2013 and 2016.

SCUML Registration www.scuml.org Portal

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

• To register with SCUML
• 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
• 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 online reporting platform on the SCUML Website: www.scuml.org
• 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 that are suppose to register with SCUML are businesses below:

• Dealers in jewelry,
• Dealers in luxury goods,
• Importers and dealers in cars or any other automobile
• Hotels and other Hospitality businesses
• Supermarkets
• Casinos, Pools Betting & other Lottery Businesses
• Audit firms
• Tax Consultants
• Law firms, Notaries and other independent Legal Practitioners
• Accountants and Accounting firms
• Consultants and Consulting Companies
• Clearing and Settlements Companies
• Trust & Company Service Providers
• Estate surveyors and Valuers
• Dealers in Real Estate, Estate Developers, Estate Agents and Brokers
• Dealers in Precious Stones and Metals
• Dealers in Mechanized farming equipment and machineries
• Construction Companies
• Non- Governmental Organizations (NGOs) – Non- Profit Organizations (NPOs))
• Mortgage Brokers
• Practitioners of Mechanized Farming and such other Businesses and Professions as the Federal Ministry of Industry, Trade & Investment or appropriate regulatory authorities may from time to time designate

SCUML Registration Requirements

As a business owner, what and what do you need to register your business SCUML? SCUML registration can be done on their various offices in Nigeria or can carried out through the SCUML online registration platform. DNFIs are advised to visit SCUML website  for guidance.

SCUML Registration Requirements are as follows:

• Certificate of Incorporation/Registration
• Form CAC1.1 (Form Co2& CO7 for old registration)
•  Memorandum and Article of Association
• Tax certificate or TIN print out
• Company profile
• Incorporation of Trustees
• Constitution as regards NPOs
• Professional Certificate ( for Professionals)

As at the time of this post, SCUML offices are located as below?

ABUJA HQ:
No.1 Obosi Crescent, Off Ogidi Street off Ladoke Akintola Boulevard Garki 2, Abuja.

Benin City:
No.1, Court Road, GRA, Benin City, Edo State.

ENUGU:
Plot 106 FGC Road, Independence Layout, Enugu

GOMBE:
NO.4 EFCC Street, New GRA, Gombe.

IBADAN:
No.16,Rev’d Oyebode Crescent Iyaganku GRA, Ibadan

KADUNA:
No. 4 Wurno Road off Rabah Road, Kaduna

KANO:
GP 360 Bida Road Civic Centre

LAGOS:
15, Awolowo Road, Ikoy, Lagosi

MAIDUGURI:
Plot 80 Baba Shehu Lamin opp El Kanemi College Tudun Wada Layout, Maiduguri

Port Harcourt:
No. 8 Bank Road, Off Moscow Road, Port Harcourt, Rivers State

Uyo:
No 3 Akparawa Crescent Off Edet Akpan Avenue ,Ewet Housing Estate, Uyo, Akwa Ibom State.

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. HIGHLIGHTS OF RELEVANT SECTIONS OF THE MONEY LAUNDERING (PROHIBITION) ACT, 2011(AS AMENDED) AS IT RELATES TO DNFI’s

Section 1:
Limitation to Make and Accept Cash

Section 2:

Duty to Report International transfer of Funds & Securities

Section 3:

• Identification of customers
• (Part III of SCUML Regulations Emphasizes on the Need To Know Your Customer).

Section 4:
Duties Incumbent upon Casinos

Section 5:

• Registration with SCUML
• Rendition of Occasional Cash Based Transactions( CBTRS)

Section 6
Suspicious Transaction Reporting (Part IV of the SCUML regulations)

Section 7
Preservation of Records

Section 8
Mandatory Disclosure by DNFI

SECTION 9
Arouse Awareness Among Employees.

Section 10

• Mandatory Disclosure by DNFI
• Penalty /Fine

Section 15 & 16

• Money Laundering Offences
• Other offences

SCUML Registration Procedure on Portal www.scuml.org Portal

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 CAC 1.1 (CAC2 and CAC7 for old registration)
• Evidence of tax Registration

BUSINESS NAMES:

• Certificate of Incorporation
• Form BN-O1 (Proprietor’s Particulars)
• 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
• Evidence of tax Registration(TIN Number and Printout OR Tax Exemption)

STATE REGISTRATIONS:

• Certificate of Registration from State
• Constitution
• Copies of valid Identification of at least 3 executive members
• Evidence of tax Registration (TIN Number and Printout OR Tax Exemption)

INTERNATIONAL NGOs/NPOs:

• Evidence of Registration with National Planning Commission (NPC)
• Constitution
• Organisational Profile
• Evidence of tax Registration (TIN Number and Printout OR Tax Exemption)

SCAN AND UPLOAD ALL ORIGINALS OF REQUIRED DOCUMENTS IN A SINGLE FILE 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 ORIGIVCAL CAC CERTIFICATE MUST BE SIGHTED BEFORE COLLECTION OF SCUML CERTIFICATE

For further enquiries: 08186886219, 08183754112 e-mail: [email protected]