Group Lauds Anti-money Laundering Efforts of EFCC

Group Lauds Anti-money Laundering Efforts of EFCC

Jewelry Marketers Association of Nigeria has lauded the anti-money laundering efforts of the Economic and Financial Crimes Commission, EFCC. Additionally, the group gave a thumb up to the Special Control Unit Against Money Laundering (SCUML), of the EFCC for its anti-money laundering sensitization efforts on Designated Non-Financial Institutions (DNFIs).

Speaking during a visit to the Head, SCUML, Hanafi Baba-Ahmed at the Wuse Zonal Office of the Commission, secretary general of the association, Muktar Mustapha Jega expressed happiness that their partnership with the EFCC has made it easier for the association members to effectively play their role in the fight against money laundering by reporting business transactions that do not follow due process as required by the law.

“In the past, when you are invited by the EFCC, people will think you stole something or committed a crime, but we now know that it is our responsibility to report our transactions to the Commission because they are our regulators,” Jega said. The Jewelry Marketers Association came alongside Association of Casino Operators of Nigeria.

In his response, Hannafi Baba-Ahmad, expressed happiness over the visit and noted that the sensitization being routinely carried out by SCUML on DNFIs was necessary in EFCC’s fight against the scourge of money laundering. He disclosed that the purpose of inviting the association and other DNFIs was towards a development of a joint anti-money laundering programme for 2020.

Other members of the delegation are Muhammad Aliyu, Waseel Safariyyah Global and Oni Mobolaji Johnson, Association of Casino Operators of Nigeria.