SCUML Registration And Certificate

This article discusses everything you need to know about SCUML: Requirements, Registration, Certificate, and meaning. We present the information in detail. So, if this is what you are looking for, continue reading. You are in the right place!

Registration, requirement, and certificate are all important aspects of many different types of organizations and activities.

Registration typically refers to the process of signing up or enrolling in something, such as a class or event.

Requirements, on the other hand, are the specific criteria or conditions that must be met in order to participate in something or be considered eligible for a particular opportunity.

A certificate is a document that serves as proof or evidence of someone’s accomplishments, skills, or qualifications. In many cases, obtaining a certificate may require meeting certain requirements and completing a registration process.

All of these elements play a crucial role in ensuring that individuals or organizations are able to participate in and benefit from various opportunities and activities.

SCUML

SCUML means Special Control Unit on Money Laundry, is a regulatory department in (EFCC). It’s a standard definitive section established to supervise, monitor, and regulate the illegalities in Designated Non-Financial Institutions (DNFI) as regards submission to Nigeria Anti Money Laundering and Combating the Financing of Terrorism AML/CFT regime.

SCUML is considered a definitive regulative department because it meets the Financial Action Task Force (FATF) requirements.

The (FATF) requires Countries to implement 40 Recommendations that are considered an International standard for combating money laundering and terrorist financing (AML/CFT) as well as financing of the money proliferation of weapons of mass destruction (WMD)

It was established in September 2005 by the Federal Government of Nigeria in inherence with the provision of the money laundering (Prohibition ) Act 2004, which was later amended in 2011.

Later, SCUML was created as part of the principal implementation of the Financial Action Task Force (FATF) recommendations on Anti Money laundering/Combating Financing.

It is statutorily under the Federal Ministry of Trade and Investment but operationally domiciled within the economic and Financial Crime Commission(EFCC). The commission is in charge of the operational activities of the Unit in line with Sections 6(C) and 7(2) of the Establishment Act of (EFCC), 2004.

Importance of SCUML

SCUML is essential because it carries out these functions in Nigeria:

  1. Carry out Registration of DNFIs in Nigeria.
  2. Collection of statutory reports: cash base transaction reports (CBTRs) and Currency Transaction Reports (CTRs) for steady directing to the Nigeria Financial Intelligence Unit (NFIU).
  3. Supervising and monitoring the activities of DNFIs as it relates to AML/CFT.
  4. SCUML Registration and Certificate are essential if you are operating or intending to establish a legit Designated Non-Financial Institution in Nigeria.
  5. SCUML Certification provides smooth running of DNFIs with Financial Institutions and identification of criminal Establishments in Nigeria.
  6. Inspection off-site and on-site of DNFIs.
  7. The anti-graft department collects comprehensive information about all Non Financial organization operations to supervise their illegalities.
  8. An organization operating without SCUML Registration and Certificate will be disqualified and regarded as a criminal entity with its administrators.
  9. For the SCUML department to supervise and monitor Non-Financial Institutions was a great decision for AML/CFT fight.
  10. Indeed, many organization operating in Nigeria claims to be legit establishment but some are money launderers.
  11. SCUML carry out sensitization of DNFIs in Nigeria on their compliance obligations, under Money Laundering (Prohibition) Act 2011 as(amended) and guidelines implementation
  12. It’s making sure that all DNFIs comply with the AML/CFT Laws and Regulations, By taking the necessary enforcement actions.
  13. They Create and Keep a comprehensive database of DNFIs and their Financial transactions to support tactical, strategic analysis, operational as well as policy options in combating money laundering and financial transactions.
  14. Assisting Law enforcement agencies with criminal investigations by providing vital information relating to DNFIs’ money trails to boast the war against economic and financial crimes within DNFIs in Nigeria.
  15. They work in conjunction with stakeholders to ensure all DNFIs in the Nigerian sector comply with AML/CFT measures.

Businesses That Require Registration Of SCUML Certificate.

Many organizations have been Designated by SCUML, in case you are to start up or you are already operating such an organization in Nigeria, then you need to Register and Certify your organization with SCUML.

Businesses that require SCUML, registration are as follows:

  • Real Estate Dealers
  • Estate Developers
  • Estate Surveyors and Value
  • Estate Agents
  • Chartered Accountants Firm
  • Audits Firms
  • Tax Consultants
  • Clearing and Forwarding Companies
  • Hotels and Hospitality
  • Casinos/Betting/Pools/Lotteries
  • Dealer in Mechanized Farming
  • Equipment and Machinery
  • Supermarkets
  • Practitioners in Mechanization Farming
  • Dealers in Luxury Goods
  • Dealers in Cars
  • Dealers in Jewelry
  • Construction Companies
  • Mortgage Banks
  • Dealers in Precious stones and Metals
  • Law Firms
  • Consultant Firms
  • Non Profit Organizations (NPOs)
  • Religious organizations/Clubs/Societies
  • Trust/NGO
  • Charities/Humanitarian organizations

See Also The Nigerian Ports Authority

Other businesses may be included as the Federal Ministry of Trade and Investments or appropriate regulatory authorities may decide from time to time to Designate.

Subsequently, money lending firms and a few others have been added to the categories.

Section 25 of the Money Laundering (Prohibition) Act defines Designated Non-Finance Institutions (DNFIs).

SCUML Registration And Certificate

Do you want to register for SCUML? In case you have a business that requires SCUML Certificate.

What you need to do is to log in to the SCUML website. www.scuml.org and complete the online registration form.

Also, you can visit the SCUML Registration offices head office in Abuja and several offices. SCUML offices are in Lagos, Kano, Port Harcourt, Enugu, Maiduguri, Ibadan, Gombe, Uyo, and Kaduna.

All applicants must attach the required document depending on the type of establishment.

How Much Does SCUML Certificate Cost?

If you care to know how much SCUML Registration Costs, the information is here for you, SCUML Registration and Certificate are free of charge on their website.

How long it takes to approve SCUML Certificate?

It takes 21 working days for approval and issues of the SCUML Certificate.

Where Can I Collect my SCUML Certificate?

During SCUML registration, there is a pre-choice option for Institutions to choose which office location they wish to collect their certificate.

SCUML, Certificates can only be collected by the directors of an organization.

Below are the basic Registration requirements for SCUML Certificate.

Registration Requirements For SCUML Certificate

The general Registration requirements for SCUML Certificate are classified into different categories under the DNFIs, depending on the type of establishments.

Automobiles Dealers

Limited Liabilities
  • Certificate of Incorporation/Registration
  • Memorandum/Article of Associations
  • Form CAC1.1 (CAC2 and CAC7 For Old Registrations)
  • Bank Verification Number (BVN) Account Number and Bank Name
  • Tax Identification Number (TIN)
Business Name
  • Certificate of Incorporation
  • Bank Verification Number (BVN) Bank Name and Account Name
  • Tax Identification Number (TIN)
  • Form BN-01 (Proprietor Particulars
Extra Requirements For Registration f SCUML Certificate
  • Proof of Registration with the Association of Motors Dealers of Nigeria (AMDON)

Supermarket

Limited Liabilities
  • Memorandum and Articles of Association
  • Certificate of Incorporation
  • Form CAC 1.1 (CAC 2 and CAC 7 For Old Registration)
  • Bank Verification Number (BVN) Account Number and Bank Name
  • Tax Identification Number (TIN)
Business Name
  • Certificate of Incorporation
  • Bank Verification Number (BVN) Account Number and Bank Name
  • Tax Identification Number (TIN)
  • Form 1.1 BN-01 (Proprietors And Particulars)

Laws Firms

  1. Memorandum And Articles Of Association
  2. Certificate of Incorporation
  3. Form CAC 1.1 (CAC 2 And CAC 7 For Old Registration)
  4. Bank Verification Number (BVN) Account Number and Bank Name
  5. Tax Identification Number (TIN)
Business Name
  1. Certificate of Incorporation
  2. Bank Verification Number (BVN) Account Number and Bank Name
  3. Tax Identification Number (TIN)
  4. Form 1.1 BN-01 (Proprietors and Particulars)
Extra Requirement For SCUML Registration and Certificate
  • Legal Practicing Certificate or Call to Bar Certificate

Non-Profit Organizations (NPOs)

NPOs are Made of:

  1. Charity/Humanitarian Organization: Local and International
  2. Associations/Clubs/Societies
  3. Religious organizations. (NPOs)
Associations/Clubs/Societies
  • Certificate of Incorporation/Registration
  • Copy of Constitutions/Bye-Laws
  • Particulars of the trustees
  • Reliable means of Identification, at least two of the trustees
  • Tax Identification Number (TIN) or Tax Exemption
  • Bank Verification Number (BVN), Bank Name, and Account Number
Trust/NGO
  • Certificate of Incorporation/ Registrations
  • Incorporation of Trustee or CAC7 and CAC2
  • Identification of Trustee with valid means of Identification
  • Constitution/Memorandum and Articles of Association
  • Tax Identification Number (TIN) or Tax Exemption
  • Bank Verification Number (BVN) Account Number and Bank Name
  • Particulars of settlor
  • Particular of Protection if there is any
  • Copy of cooperation Agreements (for International NGOs)
  • Trustee Deed Agreements,
Religious Organizations
  • Certificate of Incorporation/Registration
  • Incorporation of Trustee
  • Trustee with valid means of Identification
  • Constitutions
  • Tax Identification Number (TIN) or Tax Exemption
  • Bank Verification Number (BVN) Account Number and Bank Name
  • Letter of Authority from the General overseer of the church
  • Details of other activities from Charity and Humanitarian

Dealers In Luxury Goods

Limited Liabilities
  • Certificate of Incorporation
  • memorandum and Articles of Association
  • FormCAC1.1 (CAC 2 and CAC 7 Old Registration)
  • Bank Verification Number (BVN), Bank Name Account Number
  • Tax Verification Number (TIN)
Business Name
  • Certificate of Incorporation
  • Bank Verification Number (BVN) Account Name and Bank Name
  • Tax Identification Number (TIN)
  • Form BN-01 (proprietors Particulars)

Hotel And Hospitality Businesses

Limited Liabilities
  • Memorandum and Articles of Association
  • Form CAC1.1 (CAC 2 and CAC 7 For Registration
  • Bank Verification Number (BVN) Account Number and Bank Name
  • Tax Identification Number (TIN)
Business Name
  • Certificate of Incorporation
  • Bank Verification Number (BVN) Account Number and Bank Name
  • Tax Identification Number (TIN)
  • Form BN-1 (Proprietors Particulars)
Extra Requirements for SCUML Registration and Certificate
  • Registration with Nigerian Tourism and Development Corporation

Dealers In Jewelry

Limited Liabilities
  1. Memorandum and Articles of Association
  2. Certificate of Incorporation
  3. Form CAC1.1 (CAC 2 and CAC 7 For old Registration).
  4. Bank Verification Number (BVN) Account Number Bank Name
  5. Tax Identification Number (TIN)
Business Name
  1. Certificate of Incorporation
  2. Bank Verification Number (BVN) Account Number and Bank Name
  3. Tax Identification Number (TIN)
  4. Form BN-01 (proprietors and Particulars)
Extra Requirements for SCUML Registration and Certificate
  • Proof of Registration with the Jewelry Marketers Association of Nigeria (JMAN)

Casinos/Lottery/Pool Betting Business

Liabilities Liabilities
  • Memorandum and Articles of Association
  • Certificate of Incorporation
  • Form CAC1.1 (CAC 2 and CAC 7 For old Registrations)
  • Bank Verification Number (BVN) Account Number and Bank Name
  • Tax Identification Number (TIN)Business Name Business Name
Business Name
  • Certificate of Incorporation
  • Bank Verification Number (BVN) Account Number and Bank Name
  • Tax Identification Number (TIN)
  • Form BN-01 (Proprietors Particulars)

Audits Firms

Limited Liabilities
  • Memorandum and Articles of Association
  • Certificate of Incorporation
  • Form CAC1.1 (CAC 2 and CAC 7 For Old Registration
  • Bank Verification Number (BVN) Account Number and Bank Name
  • Tax Identification Number (TIN)
Business Name
  • Certificate of Incorporation
  • Bank Verification Number (BVN) Account Number and Bank Name
  • Tax Identification Number (TIN)
  • Form BN-01 (Proprietors Particulars)
Extra Requirements for SCUML Registration and Certificate
  • Professional Certificate with ICAN or ANAN OR ACCA

Accounting Firms

Limited Liabilities
  • Memorandum and Articles of Association
  • Certificate of Incorporation
  • From CAC 1.1 (CAC 2 and CAC 7 For Old Registration)
  • Bank Verification Number (BVN) Account Number and Bank Name
  • Tax Verification Number (TIN)
Business Name
  • Certificate of Incorporation
  • Bank Verification Number (BVN) Account Number and Bank Name
  • Tax Identification Number (TIN)
  • Form BN-01 (Proprietors Particulars)
Extra Requirements for SCUML Registration and Certificate
  • Professional Certificate with ICAN or ANAN or ACCA or CITN

Tax Consultants

Limited Liabilities
  • Memorandum and Articles of Association
  • Certificate of Incorporation
  • Form CAC 1.1 (CAC 2 and CAC 7 For Old Registration)
  • Bank Verification Number (BVN) Account Number and Bank Name
  • Tax Identification Number (TIN)
Business Name
  1. Certificate of Incorporation
  2. Bank verification Number (BVN). Account Number and Bank Name
  3. Tax Identification Number (TIN)
  4. Form BN-01 (Proprietors and Particulars)
Extra Requirements for SCUML Registration and Certificate
  • Professional Certificate with ANAN or ICAN or ACCA

Estate Surveyors and Valuers

Limited Liabilities
  • Memorandum and Articles of Association
  • Certificate of Incorporation
  • Form CAC 1.1 (CAC2 and CAC 7 For Old Registration)
  • Bank Verification Number (BVN) Account Number and Bank Name
  • Tax Identification Number (TIN)
Business Name
  • Certificate of Incorporation
  • Bank verification Number (BVN). Account Number and Bank Name
  • Tax Identification Number (TIN)
  • Form BN-o1 (Proprietors Particulars)Business Name
Extra Requirements for SCUML Registration and Certificate
  • Nigeria Institution of Quantity Surveyors Certificate (NIQS) or Nigerian Institution of Estate Surveyors and Valuers(NIESVs)

Real Estate Dealers

Limited Liabilities
  • Memorandum and Articles of Association
  • Certificate of Incorporation
  • Form CAC 1.1 (CAC 2 and CAC 7 For Old Registration)
  • Bank Verification Number (BVN) Account Number and Bank Name
  • Tax Identification Number (TIN)
Business Name
  • Certificate of Incorporation
  • Bank Verification Number (BVN) Account Number and Bank Name
  • Tax Identification Number (TIN)
  • Form BN-01 (Proprietors and Particulars)
Extra Requirements for SCUML Registration and Certificate
  • REDAN Certificate

Mechanized Farming

Limited Liabilities
  • Memorandum and Articles of Association
  • Certificate of Incorporation
  • Form CAC 1.1 (CAC 2 and CAC 7 For Old Registrations)
  • Bank Identification Number (BVN) Account Number and Bank Name
  • Tax Identification Number (TIN)
Business Name
  • Certificate of Incorporation
  • Bank Verification Number (BVN) Account Number and Bank Name
  • Tax Identification Number (TIN)
  • Form BN-01 (Proprietors Particular)

Construction Companies

Limited Liabilities
  • Memorandum and Articles of Association
  • Certificate of Incorporation
  • Form CAC 1.1 (CAC 2 and CAC 7 For Old Registration)
  • Bank Verification Number (BVN) Account Number and Bank Name
  • Tax Identification Number (TIN)
Business Name
  • Certificate of Incorporation
  • Bank Verification Number (BVN) Account Number and Bank Name
  • Tax Identification Number (TIN)
  • Form BN-01 (Proprietors and Particulars)
Extra Requirements for SCUML Registration and Certificate
  • Membership Certificate or Nigerian Society of Engineers COREN

Mortgage Brokers

Limited Liabilities
  • Memorandum and Articles of Association
  • Certificate of Incorporation
  • Form CAC 1.1 (CAC 2 and CAC 7 For Old Registration)
  • Bank Verification Number (BVN) Account Number and Bank Name
  • Tax Identification Number (TIN)
Business Name
  • Certificate of Incorporation
  • Bank Verification Number (BVN) Account Number and Bank Name
  • Tax Identification Number (TIN)
  • Form BN-01 (Proprietors Particulars)

Consulting Companies

Limited Liabilities
  • Memorandum and Articles of Association
  • Certificate of Incorporation
  • Form CAC 1.1 (CAC 2 and CAC 7 For Old Registration)
  • Bank Verification Number (BVN) Account Number and Bank Name
  • Tax Identification Number (TIN)
Business Name
  • Certificate of Incorporation
  • Bank Verification Number (BVN) Account Number and Bank Name
  • Tax Identification Number (TIN)
  • Form BN-01 (Proprietors Particulars)
Extra Requirements for SCUML Registration and Certificate
  • Consulting Certificates that are Relevant

Clearing And Forwarding Companies

Limited Liabilities
  • Memorandum and Articles of Association
  • Certificate of Incorporation
  • Form CAC 1.1 (CAC 2 and CAC 7 For Old Registration)
  • Bank Verification Number (BVN) Account Number and Bank Name
  • Tax Verification Number (TIN)
Business Name
  • Certificate of Incorporation
  • Bank Verification Number (BVN) Account Number and Bank Name
  • Tax Identification Number (TIN)
  • Form BN-01 (Proprietors and Particulars)
Extra Requirements for SCUML Registration and Certificate
  • Proof of Registration with the Council For The Regulation Of Freight Forwarding In Nigeria (CRFF)

Dealers In Precious Stones And Metals

Limited Liabilities
  • Memorandum and Articles of Asociation
  • Certificate of Incorporation
  • Form CAC 1.1 (CAC 2 and CAC 7 For Old Registration)
  • Bank Verification Number (BVN) Account Number and Bank Name
  • Tax Identification Number (TIN)
Business Name
  • Certificate of Incorporation
  • Bank Verification Number (BVN) Account Number and Bank Name
  • Tax Identification Number (TIN)
  • Form BN-01 (Proprietors and Particular

More Requirements for Registration of SCUML Certificate

some Companies will need extra Approval/License/Authorization before they can qualify for SCUML Registration and Certificate

  1. Exploration permit/License/Authorization from (the Ministry of Solid Minerals
  2. License from a Certified Geologist
  3. Nigerian Export Promotion License, For Exporting

Companies wishing to operate in areas such as:

  • Mining,
  • Exports, Investments
  • Pharmacy
  • Oil/Gas

Also, License approval from the Ministry of Solid Minerals and a registered Geologist will be required for Enterprises that explore precious stones and metals.

The failure of any of the organizations listed above to register with SCUML may not only make such organizations unqualified to sustain bank accounts with the financial institutions. But may also bring criminal cases against such an entity and its administrators. They may be regarded as criminal organizations.

It is essential to register with SCUML to avoid being penalized.

Before establishing or managing organizations in Nigeria, it is essential to comply with SCUML Registration and be certified.

It is one of the vital aspects when setting up or operating an institution in Nigeria.

Conclusion

SCUML Registration requirements and certificates are crucial aspects of many different industries and fields. These processes help to guarantee that businesses operate in compliance with relevant laws and regulations and have the necessary skills and knowledge to provide high-quality products and services.

Obtaining the necessary registrations, meeting requirements, and getting the appropriate certificates can be complex and time-consuming, but they are crucial for ensuring the success and legitimacy of a business.

FAQ

What is SCUML?

SCUML Means Special Control Unit against Money Laundering.

It is a Special Unit in EFCC that supervises and Regulate Non-governmental organizations in Nigeria.

What is DNFI?

DNFI Means Designated Non-Financial Institution.

What Are SCUML Regulations?

SCUML enforces the Money Laundering (Prohibition) Act 2011 as amended, Terrorism Prevention Act 2013.

Also, some legislation relevant to Anti Money Laundering and Combating the Financing of Terrorism (AML/CFT).

What is Money Laundering?

What is Money Laundering?

Money laundering means suppressing the source of the illegally earned money and converting the money into a genuine business.

Source: Businessanthem.com

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