SCUML Certificate Is Important: Get these facts

Biz Start-up

July 24, 2021

SCUML Certificate Is Important: Get these facts

SCUML Certificate Importance: Get these facts – Do you know that SCUMl certificate is very important for businesses in Nigeria? Then, get these facts about this all-important business instrument. This has become so important that without it you can not run a banking transaction in Nigeria. In fact, even on cash base transaction, it tells you how to handle it. This is what this post is all about. It’s all about also how you may be able to obtain your own certificate ASAP. Our previous publication on this subject matter has been on SCUML for Young Entrepreneurs and SCUML Application Form

Contents

1 The Facts:

The Facts:

The text that follows has no intention of marginalizing or blaming the economic sectors and activities exemplified below. On the contrary, the examples demonstrate how these companies can be victims of a perverse criminal system, which only recently began to receive due attention by the authorities and society in general.

And because they are targets of money launderers (criminals), companies that work in certain segments or develop certain activities need to take precautions, investing in anti-laundering systems, which invariably end up impacting the financial results of these organizations.

However, it is known that prevention is much better than cure. The cost of implementing Compliance tools that effectively prevent money laundering is infinitely less than the losses generated by reputational damage or the misfortunes and gravity of being prosecuted, and eventually being convicted by the courts.

Target Economic Sectors: SCUML Certificate Is Important: Get these facts

Well, we will see here, one by one, which are the most targeted economic sectors and activities used for money laundering. The Money laundry Act of Nigeria call them Designated Non-Financial Institutions. And they include:

Dealers in Jewelry,
Dealers in Luxury goods,
Importers and dealers in cars or any other automobile
Hotels and other Hospitality businesses
Supermarkets
Casinos, Pools Betting & other Lottery Business
Audit Firms
Tax Consultants
Law firms, Notaries and other independent Legal Practitioners
Accountants and Accounting Firms
Consultants and Consulting Companies
Clearing and Settlements Companies

Trust & Company Services Providers
Estate Surveyors and Valuers
Dealers in Real Estate, Estate Developers, Estate Agents and Brokers
Dealer in Precious Stones and Metals
Dealers in Mechanized farming equipment and machineries
Construction Companies
Non- Government Organization (NGOs) Non- Profit Organizations (NPOs) – Clubs, Sporting organizations, religious organizations etc.
Mortgage Brokers
Practitioners of Mechanized Farming and such other Businesses and Profession as the Federal Ministry of Industry, Trade & Investment or appropriate regulatory Authorities may from time to time designate

Compliance Tools:

People and companies operating in these markets should take greater care in their business, and should already have solid compliance tools in place to prevent money laundering.

Unfortunately, this is not the reality. Apart from some markets that are regulated, most small and medium entrepreneurs are still not aware of the importance of adopting compliance practices, waiting for the worst to happen and paying the price of the “it won’t work”.

How about you, would you rather keep your organization safe from criminal practices, or would you rather risk your reputation and even your freedom?

Get your SCUML Certificate Today:

This is easy. The registration is carried out through the SCUML online registration platform. So, you are required to visit SCUML website www.scuml.org for guidance

Before doing this you are required to get pages of required documents scanned in PDF (adobe reader). And, then ensure that all the document are scanned and uploaded in a single filled not exceeding 2MB

The Required documents include:

Certificate of Incorporation/Registration
Form CAC 1.1 (Form Co2& CO7 for old registration)
Memorandum and Article of Association
Tax Clearance Certificate or TIN print out
Company Profile
Incorporation of Trustees
Constitution as regards NPOs
Professional Certificate (for Professionals)

For Further Information On SCUML Certificate Is Important: Get these facts

You are very free to contact any of the following addresses for more information. And, after applying online, visit the indicated office of your choice to collect your certificate.

1.Abuja office: [email protected]

2.Lagos Zonal Office: [email protected]

3.Enugu Zonal Office: [email protected]

4.Kano Zonal Office: [email protected]

5.Port-Harcourt Office: [email protected]

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6.Gombe Zonal Office: [email protected]

7.Ibadan Zonal Office: [email protected]

8.Kaduna Zonal Office: [email protected]

9.Maiduguri Zn Off: [email protected]

10.Benin Zonal Office: [email protected]

11.Uyo Zonal Office: [email protected]

12.Sokoto Zonal Office: [email protected]

TO SUPPORT AND GROW YOUR BUSINESS READ ALSO:

Need to improve on the fight against money laundering

The anti-money laundering investigative process presents many challenges and actions we need to take to keep our compliance organizations running smoothly.

As a matter of fact, the Anti- money laundering professionals are responsible for ensuring the security of our organizations. And the smooth running of our operations. This involves identifying risks, monitoring activities and carrying out investigations into suspicious and high-risk activities and customers. Tackling all of these tasks without hampering business operations may be far from straightforward.

What can then done to make sure analysts are investigating the right business and the right customers? How do they ensure that collaboration with the company allows them to adapt to flourishing activities and the increase in the volume of data? These questions create a moving target as well as several fronts that require solutions.

Do wish to contact us for help?

That will be good. We shall be able to give you first-hand information on how to go about your SCUML certificate. Especially, while incorporating your business, there are certain information you may need to input or avoid.

Contact us on 09053130518 or [email protected]. Now, you can bookmark this page for further references. You can also share this post to reach you contacts. And if you like us on any of our social media platforms, you will ensure your regular updates.

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SCUML Certificate Is Important: Get these facts

The Facts: