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.