{"id":72237,"date":"2022-03-31T11:10:22","date_gmt":"2022-03-31T10:10:22","guid":{"rendered":"https:\/\/buzznigeria.com\/?p=72237"},"modified":"2024-01-13T12:36:07","modified_gmt":"2024-01-13T11:36:07","slug":"scuml-registration-portal-how-to-download-fill-and-submit-registration-form","status":"publish","type":"post","link":"https:\/\/buzznigeria.com\/scuml-registration-portal-how-to-download-fill-and-submit-registration-form\/","title":{"rendered":"SCUML Registration Portal: How to Download, Fill and Submit Registration Form"},"content":{"rendered":"

The SCUML registration portal is https:\/\/portal1.scuml.net\/mhatabz.php<\/a>. You can download, fill out, and submit the registration form on the SCUML website.<\/strong><\/p>\n

SCUML registration is essential for any non-financial institution in Nigeria. SCUML, which stands for Special Control Unit Against Money Laundering, is a body responsible for checkmating the activities of the Designated Non-Financial Institutions, otherwise known as DNFIs. DNFIs are high cash demanding companies presumed to be potentially exposed to huge fraud\/money laundering due to the business type.<\/p>\n

SCUML being a subunit of the Economic and Financial Crime Commission (EFCC)<\/a>, was established in September 2005 by the federal government of Nigeria. SCUML serves as a structure for curtailing money laundering and terrorist financing in the DNFI sector. It is also essential for the sanitization of the said sector to create an enabling environment for the promotion of commerce and investment.<\/p>\n

The body ensures adequate supervision of DNFIs, including registration, inspection on a risk-based approach, ensuring rendition of statutory reports (cash-based transaction reports, currency transaction reports, suspicious transaction reports), training, and workforce development. In other words, SCUML validates a business account, making sure it’s not used for money laundering.<\/p>\n

Businesses That Need SCUML Registration<\/strong><\/h2>\n
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A post shared by Streamflow Consulting (@streamflowconsulting)<\/a><\/p>\n<\/div>\n<\/blockquote>\n