MANDATE OF SCUML

SCUML has the mandate to monitor, supervise and regulate the activities of DNFBPs in Nigeria in consonance with the Nigeria’s AML/CFT regime. The DNFBPs as defined under section 30 of the Money Laundering Prevention and Prohibition Act, 2011 are:

  • Dealers in Jewelry
  • Car dealers
  • Dealers in luxury goods
  • Audit firms
  • Tax consultants
  • Clearing and settlement companies
  • Supermarkets
  • Casinos, Pool Betting and lottery businesses
  • Law firms, notaries, and other independent legal practitioners
  • Accountants and Accounting Firms
  • Trust and Company Service Providers
  • Estate Surveyors and Valuers
  • Dealers in precious stones and metals
  • Importers and dealers in cars or any other automobiles
  • Construction companies
  • Consultants and consulting companies
  • Hospitality Industry
  • Real estate agents, Estate developers, Estate Agents and Brokers
  • Mortgage Brokers
  • Dealers in mechanized farming equipments and machineries
  • Practitioners of mechanized farming.