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Tag: SCUML

  • SCUML  Seals Two Companies In Sokoto

    SCUML  Seals Two Companies In Sokoto

    SCUML  Seals Two Companies In Sokoto

     

    The Special Control Unit Against Money Laundering, SCUML,  on Monday, September, 29 2025 sealed the premises of two Designated Non-Financial Businesses and Professions, DNFIBPs, Iman Multi Structures Ltd and Daraja Motors  for non -compliance with the provisions of the Money Laundering

    (Prevention and Prohibition) Act 2022 and EFCC AML/CFT/CPF regulations 2024.

    Both DNFBPs were initially sanctioned and fined on June 18, 2025 and August 13, 2025 respectively  for non-compliance with regulations but failed to make payment to the government.

    Investigations by Scuml Zonal Coordinator, Assistant Commander of the EFCC, ACE Ahmadu Bello showed that the ultimatum to pay the fine offered the two organisations expired over a month ago.

     The premises will remain sealed until compliance with extant regulations is made

  • SCUML Seals Kaduna Hotel For Breaching Money Laundering Act

    SCUML Seals Kaduna Hotel For Breaching Money Laundering Act

    SCUML Seals Kaduna Hotel For Breaching Money Laundering Act

    The Special Control Unit against Money Laundering, SCUML, of the Kaduna Zonal Directorate of the Economic and Financial Crimes Commission, EFCC has sealed up Hampton Hilton Hotel and Apartments, Kaduna, for non-compliance with the Money Laundering (Prevention & Prohibition) Act, 2022 and Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) regulations of the Financial Action Task Force, FATF for Designated Non-Financial Businesses and Professions, DNFBPs.

    The entity was found to have committed multiple infractions in the course of the first evaluation carried out on it, on June 4, 2024, leading to the issuance of administrative sanctions to it by SCUML. 

    It was also found to have committed further infractions following the compliance evaluation of June 13, 2025, for which it was slammed N2,300,000.00 (Two Million Three Hundred Thousand Naira) fine, payable within seven days and with instruction to ensure full compliance with the Money Laundering (Prevention & Prohibition) Act, 2022 and AML/CFT regulations or face further consequences.

     While it refused to pay the fine, it, as well, dishonoured SCUML’s invite to show up for compliance evaluation, resulting in the sealing of the premises.

    The Special Control Unit against Money Laundering, SCUML,  ensures DNFBPs’ compliance with Money Laundering (Prevention & Prohibition) Act, 2022 and AML/CFT regulations.

  • SCUML Pastes AMF/CFT Non-Compliance Notice On Huge Dream Properties Ltd

    SCUML Pastes AMF/CFT Non-Compliance Notice On Huge Dream Properties Ltd

    SCUML Pastes AMF/CFT Non-Compliance Notice On Huge Dream Properties Ltd

    In line with its mandate to ensure that the scourge of money laundering is curbed in the nation, the Special Control Unit against Money Laundering, SCUML, on Monday,  March 24, 2025 pasted a notice of non-compliance with Anti Money Laundering/ Combating the Financing of Terrorism AML/CFT requirements on Huge Dream Properties Limited.

    Huge Dream Properties Limited, a real estate firm with projects in various locations within the Federal Capital Territory,  FCT,  was  initially visited on October 9, 2023 and it was discovered that it was not compliant to the AML/CFT requirements as enshrined in the Money Laundering (Prevention and Prohibition) Act, 2022,  MLPPA, 2022.

    A further visit to the entity on March 12, 2025 revealed that the company still contravened the provisions of MLPPA 2022 therefore making it vulnerable to money laundering activities.

    Owing to this, officers of SCUML visited the premises of the affected business and pasted a notice of non-compliance to AML/CFT policies and procedures on the company.

    The notice will remain pasted till the company meets full compliance with the relevant laws.  The notice also advises members of the public to tread with caution in carrying out business transactions with the company.

  • SCUML Seals Tongyi Group For Alleged Non-compliance With Anti-money Laundering Laws

    SCUML Seals Tongyi Group For Alleged Non-compliance With Anti-money Laundering Laws

    SCUML Seals Tongyi Group For Alleged Non-compliance With Anti-money Laundering Laws

    The Special Control Unit against Money Laundering, SCUML of the Economic and Financial Crimes Commission, EFCC on Tuesday, June 4, 2024 sealed up Tongyi Group, located in Ebitu Ukiwe Street, Jabi, Abuja for alleged non-compliance with Anti-Money Laundering/Combating Financing of Terrorism, (AML/CFT) regulations.

    Officers of SCUML shut down the construction and mining entity after it paid no heed to a series of the Unit’s attempts to be compliant with AML/CFT regime.

    By SCUML’s regulations,  the seal of non-compliance and closure pasted on the business premises would remain in force until the company embraces full compliance with Nigeria’s anti-money laundering and terrorists financing laws. By shutting down the company,  SCUML warned members of the public to be wary of carrying out business transactions with it.

    Tongyi Group allegedly violated Nigeria’s Money Laundering Protection and Prohibition Act 2022 as well as the Terrorism Protection and Prohibition Act 2022 all of which are under the AML/CFT regime by refusing to sign SCUML’s checklist and to send statutory reports to the Unit, which form parts of measures SCUML put in place to mitigate money laundering and terrorists financing activities in the country.

    SCUML, a Unit of the EFCC monitors, supervises, regulates and assesses the activities of Designated Non-Financial Businesses and Professions (DNFBPs) and Non-Profit Organisations (NPOs), which are vulnerable to money laundering and terrorists financing.