SCUML Involves Stakeholders for FATF Onsite Visit and Sector Awareness

In preparation for Nigeria's upcoming Financial Action Task Force (FATF) Mutual Evaluation onsite visit, the Special Control Unit Against Money Laundering (SCUML) organized a targeted engagement session with key stakeholders, including selected Self-Regulatory Organizations (SROs) and the non-profit organization Spaces for Change.

The interactive meeting took place on Thursday, May 29, 2025, at the EFCC Conference Hall located on Awolowo Road, Ikoyi, Lagos. The discussion focused on the responsibilities of various sub-sectors in enhancing compliance with the Money Laundering (Prevention and Prohibition) Act, 2022, and preparing sectors for the FATF evaluation process. During his address, SCUML Director and Deputy Commander of the EFCC, DCE Harry Eri, stressed the vital gatekeeping roles of professional organizations and the necessity for coordinated outreach efforts to address compliance deficiencies. He further pointed out the importance of sanctions as both a deterrent and a means to strengthen adherence to Nigeria's anti-money laundering and counter-terrorism financing framework. Participants expressed their dedication to collaborating with SCUML in promoting transparency, increasing awareness, and supporting Nigeria's initiative to exit the FATF grey list. Representatives from various organizations attended, including the Chartered Institute of Taxation of Nigeria (CITN), the Nigerian Institution of Estate Surveyors and Valuers (NIESV) from Lagos and Ogun State chapters, the Institute of Chartered Accountants of Nigeria (ICAN), the Association of Corporate Trustees, and the NGO Spaces for Change.