| What Is SCUML? Why Is It Important? And How To Get It by CaseySmartz(m): 1:50am On Jan 23 |
WHAT IS SCUML
1.
The Special Control Unit against Money Laundering (SCUML) was established in 2005 as a specialized Unit to monitor, supervise and regulate the activities of Designated Non-Financial Institutions in Nigeria.
2.
What are DNFIs?
DNFIs (Designated Non-Financial Institutions) in Nigeria. These include dealers in jewellery, cars and luxury goods, hotels, chartered/ professional accountants, audit firms, tax consultants, legal practitioners, supermarkets, casinos (betting pools) and hotels. Others include estate surveyors and valuers, precious stones and metals dealers and non-governmental organisations (NGOs) or such businesses as the Federal Ministry of Industry, Trade and Investment or appropriate regulatory authorities may from time to time designate.
3.
What are the operations of SCUML?
These operations include:
✔️Registration of DNFIs
✔️On-site and off-site inspection of all DNFIs
✔️Collection, evaluation, and escalation of CTRs and STRs
✔️Filing CTRs and STRs resulting from their operations.
✔️Establishment of a database on DNFIs and their financial transactions for use in combating money laundering and terrorism financing.
WHY SHOULD YOU REGISTER FOR SCUML??
Here's why;
I'll explain to you using a story...
You own or manage a 4 Star Hotel...
One of the best in town.
It has a spa, gym, tennis court, basket ball court, indoor pool, outdoor pool, hot tubs, conference room, fine dining, limousine services...
The rooms are very spacious with large beds and premium bedding, large flat screens TVs, bathrobes, and slippers.
The cheapest room there costs about 50k per night.
One day, you're minding your business and supervising a new staff at reception desk when the phone rings.
The person calling says he wants to host a business conference during a particular time at your hotel and asks if he can book online... You confirm that he can.
So he pays online for a number of his business partners. He books all the rooms and also pays extra for the conference room.
You are ecstatic!
It's a lot of money for the hotel and a lot of commission for you.
A week later, the man calls back.
Something has happened and the conference will no longer be taking place.
To your dismay, he wants a refund.
Your policy states that a 70% refund will be made for cancellations received 21 days before date of arrival... so you are then compelled to refund him back his money after deducting your 30%.
He gives you the details of a third party who the payment should be made to.
You make the payment.
What you are unaware of, is that your hotel has just been used to launder illegal money.
Money Laundering is a crime that carries up to 14 years jail sentence, if convicted.
Ignorance of the law is not an excuse.
There's also another way...
Because running a hotel is a cash intensive operation, hotels risk criminals paying for their bills with ill-gotten cash... no questions asked.
This is why if you run a hotel business, you are required by law to register with SCUML (Special Control Unit Against Money Laundering), and comply with reporting requirements.
Today is another opportunity to remind you that:
If you own or run any business that falls under any of the categories listed below:
- Automotive Dealers
- Businesses in the Hospitality Industry
- Casinos and Pools Betting
- Clearing and Settlement Companies
- Construction Companies
- Consultants and Consulting Companies
- Dealers in Jewelries
- Dealers in Mechanized Farming Equipment, Farming Equipment and Machineries
- Dealers in Precious Metals and Precious Stones
- Dealers in Real Estate, Estate Developers, Estate Agents and Brokers
- High Value Dealers
- Hotels
- Legal Practitioners and Notaries
- Licensed Professional Accountants and Tax Consultants
- Mortgage Brokers
- Practitioners of Mechanized Farming
- Supermarkets
- Trust and Company Service Providers
You are MANDATED by law to register with The Special Control Unit Against Money Laundering(SCUML), and comply with reporting requirements.
Failure to do so can earn you up to 14 years in jail.
Ignorance is not an excuse.
Note:
These are the meanings of those acronyms.
STR= Suspicious Transaction Reports
CTR= Currency Transaction Reports
Hey you, I just got a CTR about you and I think it is a STR.
Hehehe! No be smol tin!😂
4.
What are the necessary documents needed for SCUML registration?
✔️Certificate of Incorporation
✔️Article and Memorandum of Association
✔️Tax Clearance Certificate (Not applicable to NGOs)
✔️Audited Financial Report
✔️Authorised Operational Licence (Not applicable to NGOs)
✔️Company/Organization Profile
✔️Constitution (for NGOs only)
✔️Agreement signed between the NGO and the National Planning Commission (for international NGOs only).
Please send your enquiries to helpdesk@scuml.org and/or infoscuml@efcc.gov.ng.
Other enquiries/complaints not relating to SCUML and it's activities should be sent to info@efcc.gov.ng.
I still remain your no.1 CAC Registration Boss
Whatsapp| +2348024211041
📝 Smartbiz Enterprise 1 Like 1 Share 
|
| Re: What Is SCUML? Why Is It Important? And How To Get It by CaseySmartz(m): 1:35am On Jan 25 |
CaseySmartz:
WHAT IS SCUML
1.
The Special Control Unit against Money Laundering (SCUML) was established in 2005 as a specialized Unit to monitor, supervise and regulate the activities of Designated Non-Financial Institutions in Nigeria.
2.
What are DNFIs?
DNFIs (Designated Non-Financial Institutions) in Nigeria. These include dealers in jewellery, cars and luxury goods, hotels, chartered/ professional accountants, audit firms, tax consultants, legal practitioners, supermarkets, casinos (betting pools) and hotels. Others include estate surveyors and valuers, precious stones and metals dealers and non-governmental organisations (NGOs) or such businesses as the Federal Ministry of Industry, Trade and Investment or appropriate regulatory authorities may from time to time designate.
3.
What are the operations of SCUML?
These operations include:
✔️Registration of DNFIs
✔️On-site and off-site inspection of all DNFIs
✔️Collection, evaluation, and escalation of CTRs and STRs
✔️Filing CTRs and STRs resulting from their operations.
✔️Establishment of a database on DNFIs and their financial transactions for use in combating money laundering and terrorism financing.
WHY SHOULD YOU REGISTER FOR SCUML??
Here's why;
I'll explain to you using a story...
You own or manage a 4 Star Hotel...
One of the best in town.
It has a spa, gym, tennis court, basket ball court, indoor pool, outdoor pool, hot tubs, conference room, fine dining, limousine services...
The rooms are very spacious with large beds and premium bedding, large flat screens TVs, bathrobes, and slippers.
The cheapest room there costs about 50k per night.
One day, you're minding your business and supervising a new staff at reception desk when the phone rings.
The person calling says he wants to host a business conference during a particular time at your hotel and asks if he can book online... You confirm that he can.
So he pays online for a number of his business partners. He books all the rooms and also pays extra for the conference room.
You are ecstatic!
It's a lot of money for the hotel and a lot of commission for you.
A week later, the man calls back.
Something has happened and the conference will no longer be taking place.
To your dismay, he wants a refund.
Your policy states that a 70% refund will be made for cancellations received 21 days before date of arrival... so you are then compelled to refund him back his money after deducting your 30%.
He gives you the details of a third party who the payment should be made to.
You make the payment.
What you are unaware of, is that your hotel has just been used to launder illegal money.
Money Laundering is a crime that carries up to 14 years jail sentence, if convicted.
Ignorance of the law is not an excuse.
There's also another way...
Because running a hotel is a cash intensive operation, hotels risk criminals paying for their bills with ill-gotten cash... no questions asked.
This is why if you run a hotel business, you are required by law to register with SCUML (Special Control Unit Against Money Laundering), and comply with reporting requirements.
Today is another opportunity to remind you that:
If you own or run any business that falls under any of the categories listed below:
- Automotive Dealers
- Businesses in the Hospitality Industry
- Casinos and Pools Betting
- Clearing and Settlement Companies
- Construction Companies
- Consultants and Consulting Companies
- Dealers in Jewelries
- Dealers in Mechanized Farming Equipment, Farming Equipment and Machineries
- Dealers in Precious Metals and Precious Stones
- Dealers in Real Estate, Estate Developers, Estate Agents and Brokers
- High Value Dealers
- Hotels
- Legal Practitioners and Notaries
- Licensed Professional Accountants and Tax Consultants
- Mortgage Brokers
- Practitioners of Mechanized Farming
- Supermarkets
- Trust and Company Service Providers
You are MANDATED by law to register with The Special Control Unit Against Money Laundering(SCUML), and comply with reporting requirements.
Failure to do so can earn you up to 14 years in jail.
Ignorance is not an excuse.
Note:
These are the meanings of those acronyms.
STR= Suspicious Transaction Reports
CTR= Currency Transaction Reports
Hey you, I just got a CTR about you and I think it is a STR.
Hehehe! No be smol tin!😂
4.
What are the necessary documents needed for SCUML registration?
✔️Certificate of Incorporation
✔️Article and Memorandum of Association
✔️Tax Clearance Certificate (Not applicable to NGOs)
✔️Audited Financial Report
✔️Authorised Operational Licence (Not applicable to NGOs)
✔️Company/Organization Profile
✔️Constitution (for NGOs only)
✔️Agreement signed between the NGO and the National Planning Commission (for international NGOs only).
Please send your enquiries to helpdesk@scuml.org and/or infoscuml@efcc.gov.ng.
Other enquiries/complaints not relating to SCUML and it's activities should be sent to info@efcc.gov.ng.
I still remain your no.1 CAC Registration Boss
Whatsapp| +2348024211041
📝 Smartbiz Enterprise Dear business owner, are you aware that one of the most beneficial steps you can take for your business this year is registering it? See obtaining your CAC certificate opens up numerous opportunities for your business. It allows you easy access to government loans and grants. It facilitates the establishment of a corporate account and adds a professional touch to your business dealings. This, in turn, contributes to earning the respect and trust of foreign clients and investors. Furthermore, having a registered business provides the advantage of limited liability, offering a layer of protection. Your business name is also secured for a lifetime. Time is of the essence, send a DM now. Don’t forget that it is crucial for your own benefit to prioritize registering your business. Take the necessary steps to register your business today before delving into your branding efforts. Reach out to me via WhatsApp |+2348024211041 1 Like 1 Share 
|
| Re: What Is SCUML? Why Is It Important? And How To Get It by favor914: 11:27pm On Jan 25 |
Thank You, very educative. 1 Like |
| Re: What Is SCUML? Why Is It Important? And How To Get It by Obierika(m): 9:46am On Jan 26 |
Ok 1 Like |
| Re: What Is SCUML? Why Is It Important? And How To Get It by CaseySmartz(m): 1:19pm On Jan 26 |
CaseySmartz:
Dear business owner, are you aware that one of the most beneficial steps you can take for your business this year is registering it?
See obtaining your CAC certificate opens up numerous opportunities for your business.
It allows you easy access to government loans and grants. It facilitates the establishment of a corporate account and adds a professional touch to your business dealings.
This, in turn, contributes to earning the respect and trust of foreign clients and investors.
Furthermore, having a registered business provides the advantage of limited liability, offering a layer of protection. Your business name is also secured for a lifetime.
Time is of the essence, send a DM now.
Don’t forget that it is crucial for your own benefit to prioritize registering your business.
Take the necessary steps to register your business today before delving into your branding efforts.
Reach out to me via WhatsApp |+2348024211041 A client reached out to me to file his company's annual returns. Only for us at Smartbiz Enterprise to discover the shocking news of our lives. August last year, the Corporate Affairs Commission (CAC) on several occasions published their intention to delete Businesses, Companies, and NGOs from the portal first by striking them off for refusal to file their annual returns up to date. The deadline was December 31, 2023. Later we got another publication that the deadline has been shifted to April 2024. So, everybody went to relax. Both agents and customers got a deep breath because the deadline was shifted to April this year. Omoh! Today only to discover that CAC didn't keep to their word ooo. This client reached out to me only for us to see "STRUCK-OFF" So, here are 10 implications when the status of a registered entity whether it's; Business name, Company, or NGO on the Corporate Affairs Commission (CAC) Registration portal is showing STRUCK-OFF." 1. The company has ceased to exist. 2. All the bank account associated with this business, company, or NGO is automatically frozen. 3. All operating licenses are automatically invalid. 4. All the directors and shareholders of that company is considered wanted by the law. 5. To revive that company again, and remove that STRUCK-OFF bandage. First, the company will have to go to court and present themselves. 6. After that, the company will be fined a huge sum of money to pay. 7. All the company directors will be fined a huge sum of money to pay. 8. All the company shareholders will be fine a huge sum of money too. 9. It means, on your path as a customer run away from such company. Don't give them your money. They are fraudulent. Avoid them. 10. If they refuse to pay, both the directors and shareholders of the company may see themselves behind bars after the commission sues them. So, you see. These days, before you give your money to any registered company. Abeg, try to check their current status on the CAC portal. As a matter of fact, every Nigerian should make the CAC search portal (search.cac.gov.ng) their most visited site this year to avoid *"I didn't know"* The commission is out ooo against those entity who refused to file their returns for years. Abeg, if you register your Business name, Company, or NGO. By all means, go and file your annual returns. This thing is not hard. Reach out to agents, consultants, and service providers who are into the business of CAC Registrations and file your returns through them. WhatsApp| +2348024211041 
|
| Re: What Is SCUML? Why Is It Important? And How To Get It by Obierika(m): 3:08pm On Jan 26 |
CaseySmartz:
A client reached out to me to file his company's annual returns.
Only for us at Smartbiz Enterprise to discover the shocking news of our lives.
August last year, the Corporate Affairs Commission (CAC) on several occasions published their intention to delete Businesses, Companies, and NGOs from the portal first by striking them off for refusal to file their annual returns up to date.
The deadline was December 31, 2023.
Later we got another publication that the deadline has been shifted to April 2024.
So, everybody went to relax.
Both agents and customers got a deep breath because the deadline was shifted to April this year.
Omoh!
Today only to discover that CAC didn't keep to their word ooo.
This client reached out to me only for us to see "STRUCK-OFF"
So, here are 10 implications when the status of a registered entity whether it's; Business name, Company, or NGO on the Corporate Affairs Commission (CAC) Registration portal is showing STRUCK-OFF."
1. The company has ceased to exist.
2. All the bank account associated with this business, company, or NGO is automatically frozen.
3. All operating licenses are automatically invalid.
4. All the directors and shareholders of that company is considered wanted by the law.
5. To revive that company again, and remove that STRUCK-OFF bandage. First, the company will have to go to court and present themselves.
6. After that, the company will be fined a huge sum of money to pay.
7. All the company directors will be fined a huge sum of money to pay.
8. All the company shareholders will be fine a huge sum of money too.
9. It means, on your path as a customer run away from such company. Don't give them your money. They are fraudulent. Avoid them.
10. If they refuse to pay, both the directors and shareholders of the company may see themselves behind bars after the commission sues them.
So, you see. These days, before you give your money to any registered company. Abeg, try to check their current status on the CAC portal.
As a matter of fact, every Nigerian should make the CAC search portal (search.cac.gov.ng) their most visited site this year to avoid *"I didn't know"*
The commission is out ooo against those entity who refused to file their returns for years.
Abeg, if you register your Business name, Company, or NGO. By all means, go and file your annual returns.
This thing is not hard.
Reach out to agents, consultants, and service providers who are into the business of CAC Registrations and file your returns through them.
WhatsApp| +2348024211041 The economy is very harsh at the moment and most businesses are struggling so how do they expect them to come file returns? A man whose roof is on fire does not waste time chasing rats in the house 1 Like 1 Share |
| Re: What Is SCUML? Why Is It Important? And How To Get It by CaseySmartz(m): 4:20am On Jan 27 |
Obierika:
The economy is very harsh at the moment and most businesses are struggling so how do they expect them to come file returns?
A man whose roof is on fire does not waste time chasing rats in the house It's understandable that economic challenges make annual returns filing difficult. Prioritizing urgent matters, like a struggling business, is crucial. But if you understand the consequences of being "struck-off", you'd understand that filing annual returns is an important step in saving a struggling business. |
| Re: What Is SCUML? Why Is It Important? And How To Get It by CaseySmartz(m): 3:26pm On Feb 01 |
CaseySmartz:
WHAT IS SCUML
1.
The Special Control Unit against Money Laundering (SCUML) was established in 2005 as a specialized Unit to monitor, supervise and regulate the activities of Designated Non-Financial Institutions in Nigeria.
2.
What are DNFIs?
DNFIs (Designated Non-Financial Institutions) in Nigeria. These include dealers in jewellery, cars and luxury goods, hotels, chartered/ professional accountants, audit firms, tax consultants, legal practitioners, supermarkets, casinos (betting pools) and hotels. Others include estate surveyors and valuers, precious stones and metals dealers and non-governmental organisations (NGOs) or such businesses as the Federal Ministry of Industry, Trade and Investment or appropriate regulatory authorities may from time to time designate.
3.
What are the operations of SCUML?
These operations include:
✔️Registration of DNFIs
✔️On-site and off-site inspection of all DNFIs
✔️Collection, evaluation, and escalation of CTRs and STRs
✔️Filing CTRs and STRs resulting from their operations.
✔️Establishment of a database on DNFIs and their financial transactions for use in combating money laundering and terrorism financing.
WHY SHOULD YOU REGISTER FOR SCUML??
Here's why;
I'll explain to you using a story...
You own or manage a 4 Star Hotel...
One of the best in town.
It has a spa, gym, tennis court, basket ball court, indoor pool, outdoor pool, hot tubs, conference room, fine dining, limousine services...
The rooms are very spacious with large beds and premium bedding, large flat screens TVs, bathrobes, and slippers.
The cheapest room there costs about 50k per night.
One day, you're minding your business and supervising a new staff at reception desk when the phone rings.
The person calling says he wants to host a business conference during a particular time at your hotel and asks if he can book online... You confirm that he can.
So he pays online for a number of his business partners. He books all the rooms and also pays extra for the conference room.
You are ecstatic!
It's a lot of money for the hotel and a lot of commission for you.
A week later, the man calls back.
Something has happened and the conference will no longer be taking place.
To your dismay, he wants a refund.
Your policy states that a 70% refund will be made for cancellations received 21 days before date of arrival... so you are then compelled to refund him back his money after deducting your 30%.
He gives you the details of a third party who the payment should be made to.
You make the payment.
What you are unaware of, is that your hotel has just been used to launder illegal money.
Money Laundering is a crime that carries up to 14 years jail sentence, if convicted.
Ignorance of the law is not an excuse.
There's also another way...
Because running a hotel is a cash intensive operation, hotels risk criminals paying for their bills with ill-gotten cash... no questions asked.
This is why if you run a hotel business, you are required by law to register with SCUML (Special Control Unit Against Money Laundering), and comply with reporting requirements.
Today is another opportunity to remind you that:
If you own or run any business that falls under any of the categories listed below:
- Automotive Dealers
- Businesses in the Hospitality Industry
- Casinos and Pools Betting
- Clearing and Settlement Companies
- Construction Companies
- Consultants and Consulting Companies
- Dealers in Jewelries
- Dealers in Mechanized Farming Equipment, Farming Equipment and Machineries
- Dealers in Precious Metals and Precious Stones
- Dealers in Real Estate, Estate Developers, Estate Agents and Brokers
- High Value Dealers
- Hotels
- Legal Practitioners and Notaries
- Licensed Professional Accountants and Tax Consultants
- Mortgage Brokers
- Practitioners of Mechanized Farming
- Supermarkets
- Trust and Company Service Providers
You are MANDATED by law to register with The Special Control Unit Against Money Laundering(SCUML), and comply with reporting requirements.
Failure to do so can earn you up to 14 years in jail.
Ignorance is not an excuse.
Note:
These are the meanings of those acronyms.
STR= Suspicious Transaction Reports
CTR= Currency Transaction Reports
Hey you, I just got a CTR about you and I think it is a STR.
Hehehe! No be smol tin!😂
4.
What are the necessary documents needed for SCUML registration?
✔️Certificate of Incorporation
✔️Article and Memorandum of Association
✔️Tax Clearance Certificate (Not applicable to NGOs)
✔️Audited Financial Report
✔️Authorised Operational Licence (Not applicable to NGOs)
✔️Company/Organization Profile
✔️Constitution (for NGOs only)
✔️Agreement signed between the NGO and the National Planning Commission (for international NGOs only).
Please send your enquiries to helpdesk@scuml.org and/or infoscuml@efcc.gov.ng.
Other enquiries/complaints not relating to SCUML and it's activities should be sent to info@efcc.gov.ng.
I still remain your no.1 CAC Registration Boss
Whatsapp| +2348024211041
📝 Smartbiz Enterprise Happy new month business owners! As we step into this brand new month, I'm certain you're geared up to propel your business forward. I want to emphasize that registering your business is not just a choice but an absolute necessity. You might wonder why, and I'll explain: 1. Failing to do so could result in the unpleasant surprise of waking up one day to find that your business name legally belongs to someone else. 2. Skipping the registration process might lead to the realization that your products bear a name already legally claimed by another entity. This could render all your branding efforts futile. 3. If you wish to avoid the scenario where all the time, effort, and resources invested in promoting a name go down the drain, taking immediate steps to register your business is crucial. Don't waste any more time, as delaying this could result in encountering the aforementioned issues and more. I'm just a DM away. Reach out via WhatsApp at +2348024211041. Happy new month once again. 
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