As part of efforts to curb money laundering in the country, the Kaduna Zonal Office of the Economic and Financial Crimes Commission, EFCC on December 20, 2018 held a sensitization workshop for operators of Designated Non-Financial Institutions, DNFIs, in the state.
Mohammed Suleiman, Head, Special Control Unit against Money Laundering, SCUML, Kaduna Zonal Office, who spoke on behalf of the acting Chairman, EFCC, Ibrahim Magu, charged them to ensure that they play their roles effectively in curbing money laundering activities in the state.
โWe urge you to carefully monitor and run your businesses as prescribed by the Law owing to the constant fraudulent activities carried out by corrupt persons through your institutionsโ, he said.
He noted that the instances of money launderers utilizing DNFIs to engage in illegal activities were on the rise, thus necessitating the need to have the engagement.
Emphasizing the need to adhere strictly to the Money Laundering (Prohibition) Act 2011, Suleiman said it was mandatory for business owners to register their businesses with SCUML.
โYou are also to ensure that you duly and dutifully report any suspicious transactions, while ensuring you adhere strictly to the Know-Your-Customer rule as failure to follow the law will be met with sanctions as stipulated by the lawโ, he said.
