Jan. 25, 2022

The Special Control Unit Against Money Laundering, SCUML, has urged the Association of Motor Dealers of Nigeria to ensure full compliance with Anti-Money Laundering laws and regulations as a way of preventing money laundering and terrorist financing in Nigeria.

in a statement on Tuesday by the Economic and Financial Crimes Commission, EFCC, delivering the charge during a sensitization visit to the Association in Sokoto, Chief Superintendent of EFCC, Ahmadu Bello, called on members to ensure proper documentation and report of transactions in line with SCUML regulations to avoid penalties.

CSE Bello assured them that, apart from enforcing compliance with regulation, SCUM Land the EFCC have moral responsibility to assist in safeguarding the investment of stakeholders in the sector from the activities of fraudsters.

The chairman of AMDON, Sokoto State Chapter, Alhaji Mansur Mohammed thanked the sensitization team for the visit, adding that they were now better informed about SCUML and the fight against money laundering.