EFCC storms SC Group in Abuja over alleged violation of money laundering regulations

In line with its mandate to curb the scourge of money laundering, the Special Control Unit against Money Laundering (SCUML), on Wednesday, September 20, 2023, carried out enforcement activities in the premises of SC Group, a Designated Non-Financial Business, located at Wuye, Abuja for alleged violation of money laundering regulations and refusal to pay the prescribed penalties.

The company is alleged to have consistently failed to file statutory reports to SCUML and emplace approved Anti Money Laundering, Combating the Financing of Terrorism and Combating Proliferation Financing, AML/CFT/CPF, policies.

In the course of the enforcement, Officers of SCUML pasted a notice of non-compliance to AML/CFT/CPF on the building.

The notice which warns members of the public to be cautious in carrying out business transactions with the company will be in place until the company is in full compliance with extant laws.