Comply With Money Laundering Act, EFCC Urges DNFIs
The Kaduna Zonal Office of the Economic and Financial Crimes Commission, EFCC, on Wednesday, March 20, 2019 held a sensitization exercise for operators of Designated Non-Financial Institutions, DNFIs on the need to adhere strictly to the Money Laundering (Prohibition) Act.
Speaking at the event, Mailafiya Yakubu, Head of the EFCC Kaduna Zone, tasked participants on the need to carefully monitor and run their businesses as prescribed by the law.
“You need to ensure that you carry out your businesses within the confines of the law, and play your role in curbing money laundering activities,” he said.
On his own part, Mohammed Suleiman, Head, Special Control Unit against Money Laundering, SCUML, enjoined the operators to ensure that they keep proper record of their customers and report any suspicious transactions.
“It is the duty of all business owners to register their businesses with SCUML and to ensure they report any suspicious transaction, while making sure they adhere to the Know Your Customer (KYC) rule as failure to follow the law will be met with severe sanctions as stipulated by the law,” he said.
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