SCUML REGISTRATION FOR BUSINESS IN NIGERIA
SCUML REGISTRATION: DOES YOUR BUSINESS NEED IT? You have registered your business with CAC. You have your Tax ID. But there is another important question: Does your business require SCUML registration? SCUML means Special Control Unit against Money Laundering . It is concerned with the registration, monitoring and AML/CFT compliance of relevant Designated Non-Financial Businesses and Professions (DNFBPs) in Nigeria. Some of the businesses/professions covered by the current framework include: 🏠 Real estate businesses 💎 Dealers in precious stones and metals 🚗 Automobile dealers 🏨 Hotels ⚖️ Legal practitioners and related professionals 📊 Accountants and accounting firms 💼 Consultants and consulting companies 🏗️ Construction companies 💍 Jewellery businesses 🛒 Certain dealers in high-value goods ✈️ Travel agencies and other listed sectors The exact applicability depends on the nature and activities of the business. 💡 WHY SHOULD AN ENTREPRENEUR CARE? If ...