SCUML (Special Control Unit Against Money Laundering) Certificate - Business Name
NGN 60,000.0
28 days
Compliance Registration
Description
Information about the compliance service
The Special Control Unit Against Money Laundering (SCUML) registration is a requirement for Designated Non-Financial Institutions (DNFIs) in Nigeria under the Money Laundering (Prevention and Prohibition) Act, 2022. An evidence of this registration is required to open a corporate bank account for any entity qualified as DNFI in Nigeria.
Requirements
Info and documents needed for this service
Below are documents required to obtain a SCUML certificate:
1. CAC Certificate of Registration
2. Status Report of the Business Name
3. Evidence of Tax Identification Number (TIN) Registration Printout
4. Bank Verification Number (BVN) of all proprietors of the Business Name
5. Bank details of at least 1 proprietor of the Business Name
6. Valid ID of at least 1 proprietor of the company.
7. Professional certification depending on scope of service.
1. CAC Certificate of Registration
2. Status Report of the Business Name
3. Evidence of Tax Identification Number (TIN) Registration Printout
4. Bank Verification Number (BVN) of all proprietors of the Business Name
5. Bank details of at least 1 proprietor of the Business Name
6. Valid ID of at least 1 proprietor of the company.
7. Professional certification depending on scope of service.
Process
Steps involved in this compliance service
- Upload Documents: Scan and upload the required documents.
- Pay and Submit: Submit the application for review after making payment. We will notify you if EFCC requests a clarification or additional documents.
- Issuance of Certificate: Upon approval, EFCC will issue a SCUML certificate required for opening or maintaining corporate bank accounts.
FAQs
Frequently asked questions about this service
FAQs for SCUML Registration
1. What is SCUML registration?
SCUML registration is a mandatory compliance process for DNFIs in Nigeria to prevent money laundering and terrorist financing.
SCUML registration is a mandatory compliance process for DNFIs in Nigeria to prevent money laundering and terrorist financing.
2. Who must register with SCUML?
Businesses classified as DNFIs, such as real estate agents, car dealers, hotels, accountants, legal practitioners, and dealers in luxury goods, are required to register.
Businesses classified as DNFIs, such as real estate agents, car dealers, hotels, accountants, legal practitioners, and dealers in luxury goods, are required to register.
3. How long does the registration process take?
The process typically takes 3-4 weeks, depending on the completeness of the application and document verification.
The process typically takes 3-4 weeks, depending on the completeness of the application and document verification.
4. Can I register offline?
No, SCUML registration is done entirely online.
No, SCUML registration is done entirely online.
5. Will I be required to pick up the certificate physically?
No, EFCC no longer issues hard copies of SCUML Certificates. We will share a soft copy which you can print for your records.
No, EFCC no longer issues hard copies of SCUML Certificates. We will share a soft copy which you can print for your records.
6. What happens if I don't register with SCUML?
Failure to register with SCUML may result in penalties, including restrictions on operating corporate bank accounts and possible legal action.
Failure to register with SCUML may result in penalties, including restrictions on operating corporate bank accounts and possible legal action.
7. Do I need to renew my SCUML registration?
No, SCUML registration does not require annual renewal. However, you must notify SCUML of any changes to your business details.
No, SCUML registration does not require annual renewal. However, you must notify SCUML of any changes to your business details.