SCUML ( Special Control Unit against Money Laundering ) is responsible for ensuring that certain businesses comply with laws to prevent money laundering and terrorism financing.
This Government Agency ( Scuml) enforces the Money Laundering Act and the Prevention of Terrorism Act. It monitors and supervises businesses to make sure they follow these laws.
SCUML works with a range of businesses, including bureau de change operators, casinos, financial institutions, real estate developers, and jewelry dealers. This agency goal is to prevent and detect money laundering and terrorism financing.
SCUML works to ensure that these businesses comply with the laws, and they have the authority to revoke licenses and prosecute individuals and businesses who violate the laws.
The Connection Between Efcc & Scuml
The EFCC and SCUML are linked by their shared goal of combating money laundering and terrorism financing.
The EFCC refers cases of money laundering and terrorism financing to SCUML for further investigation and regulatory action.
The two agencies also work together to create and implement policies and regulations related to anti-money laundering and counter-terrorism financing.
So while they have different roles and responsibilities, the EFCC and SCUML are closely connected in their efforts to prevent these crimes.
Importance of Scuml Certificate :
- It can help build trust and credibility with customers and partners.
- It can help protect the business from legal action or sanctions.
- It can be a requirement for certain businesses to operate legally or access certain services.
- It can help businesses to avoid costly penalties and fines for non-compliance.
- It can help businesses to stay compliant with anti-money laundering and counter-terrorism financing laws.
- It can help businesses to gain a competitive advantage by demonstrating a commitment to compliance.
What Categories Of Business Should Register For Scuml Certificate ?
1. Real Estate Agents
2. Super Market
3. Jewellery Brands
4. Luxury Goods Brands
5. Car Dealers
6. Chartered Accountant
7. Hotels, Casinos
8. Non Profit Organization
9. Audit Firms
10. Tax Consultants
Read This For More Updated Categories : Categories of Businesses that needs SCUML Certificate
Requirements Needed for my SCUML Application Online :
Business Name
• Certificate of Incorporation
• Status Report
• Tax Identification Number
• BVN, Bank Details Of Proprietor
Companies
• Certficate Of Incorporation
• Status Report
• Memart ( Memorandum and Articles of Association
• Tax identification number
• BVN, Bank Details of Director
• Old Companies Should Provide form CAC 2 & CAC 7
NGO's
• Certficate Of Incorporation
• Constitution
• Tax identification number
• Status Report
• Agreement Approval
Read More about Requirements: More Requirements
How do i Register For Scuml Certificate Online ?
• Visit the Scuml Official Website at Scuml.Org
• Click the Online Registration
• Fill all Details Required of You Correctly
• All Documents Given to You after Your CAC Registeration Should be Uploaded ; You are to merge all Documents Together and upload as a Single File.
Note: File Size for scuml Upload must not exceed 2mb.
How do I get my Scuml Certificate after Application Online ?
After a Successful Application on the Scuml Website, you are to wait for 10 - 21 Working Days, Which an email will be sent to you on approval of your certificate and directs you to the center for Collection of your Hardcopy Scuml.
As a Director or Properietor of the Business, you are to visit the location with your certificate of incorporation and Id card for a successful Collection.
See the Official Scuml Pickup Locations
How much do I pay to get my Scuml Certificate in 5 Working Days?
Omaglo Helps in Processing Scuml Certificate for 50,000 Naira ( Fifty Thousand Naira) , A soft copy will be sent to you for use on Corporate account opening etc , in 15 Working Days Your hardcopy will be sent to You via your location
