FAQ About Smartbiz Enterprise
What is SCUML?
SCUML is Special Control Unit Against Money Laundering.
It is totally different from CAC Registration.
SCUML was created as part of the measures for the implementation of the Financial Action Task Force (FATF) Recommendations on Anti- Money Laundering/Combating the Financing of Terrorism (AML/CFT) in Nigeria.
You know some entities are involved in some businesses that may allow for easy laundry of funds and as such this Certificate is necessary.
Once you have this Certificate it means that an investigation has been carried out on the Business and your business activities are pure and clean.
The following Businesses are required to have a SCUML Certificate
*Audit Firms*
*Cars & Vehicles*
*Chartered Accountants*
*Clearing and Settlement*
*Construction Company*
*Consultants and consulting company*
*Dealers in jewelries and Luxury*
*Dealers in Real Estate*
*Estate Surveyors and Valuers*
*Hotel & Hospitality*
*Legal Practitioners*
*Mechanized Farming*
*Mortgage Brokers*
*Non Profit Organisations*
*Pool,Betting,Lottery and Casino*
*Precious Stones & Metals*
*Supermarket*
*Tax Consultant*
*Trust and Company Services*
