The Economic and Financial Crimes
Commission (EFCC) has directed individuals and organizations who own hotels,
casinos, jewellery 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).
The Commission’s spokesman, Wilson Uwujaren stated on Monday that the listed institutions categorized as Designated Non-Financial Businesses and Professions (DNFBPs) are to show evidence of registering with the Special Control Unit against Money Laundering (SCUML) domiciled within the EFCC before opening accounts in commercial banks.
Mr. Uwujaren added that the registration with SCUML has received support from the CBN to make it a key ‘Know Your Customer’ requirement for opening 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.
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