Non-Financial Businesses Must Get Registered- EFCC 4 years ago 28

The Economic and Financial Crimes Commission (EFCC) has directed hoteliers, owners of casinos, jewelry shops, and law firms to register with the anti-corruption agency before opening accounts in banks as directed by the Central Bank of Nigeria (CBN).

A statement yesterday by the spokesman of the commission Wilson Uwujaren listed institutions categorized as Designated Non-Financial Businesses and Professions (DNFBPs) to show evidence of registering with the Special Control Unit against Money Laundering (SCUML) domiciled within (EFCC) before opening accounts in commercial banks.

He added that the anti corruption campaign has received a boost with the directive by the CBN, making registration with SCUML a key Know Your Customer requirement for opening accounts for( DNFBPs) in financial institutions.

“The directive contained in a circular referenced FPR/CIR/GEN/VOL.1.028  dated 2nd of August, 2012 and titled Additional Know Your Customer Requirement in Respect of Designated Non-financial Businesses and Professions (DNFBPs), mandates all financial institutions, prior to establishing business relationships with (DNFBPs), to obtain evidence of registration with SCUML.” EFCC said. Home Page

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