The Special Unit Against Money Laundering, SCUML, of the Economic and Financial Crimes Commission, EFCC, has been declared Nigeria’s Most Effective Regulatory Agency of The Year 2025. Governance Today Nigeria, in collaboration with African Independent Good Governance Monitoring Network, AGMN, gave the award to the Unit for its “contribution to the fight against money laundering…
The Executive Chairman, Economic and Financial Crimes Commission, EFCC, has charged Designated Non Financial Institutions Businesses and Professions, DNFBPs on compliance and cooperation with the Commission in order to combat money laundering and terrorist financing in the country. Olukoyede made the call recently in Port Harcourt, Rivers State during A One-day Anti-Money Laundering/Combating Financing of…
The Economic and Financial Crimes Commission, EFCC, has reacted to the Vanguard newspaper editorial of July 29, which shed light on Special Control Unit against Money Laundering (SCUML), a unit of the anti-graft agency. The editorial, “EFCC’s SCUML certification conundrum,” provided critical and insightful probe into the workability of SCUML. The paper had alluded to…
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…
