The Director General of Kenya’s Financial Reporting Centre, FRC, Saitoti Kimerei Maika, has commended the Special Control Unit Against Money Laundering (SCUML) of the Economic Financial Crimes Commission (EFCC) in its strategic efforts in implementing the anti-money laundering and countering financing of terrorism frameworks in Nigeria. The frameworks, which are in line with the Money Laundering (Prevention and Prohibition) Act, 2022, and the Terrorism (Prevention) Act, 2022, comply with international standards set by the Financial Action Task Force (FATF).

The Special Control Unit Against Money Laundering, SCUML, on Monday, September, 29 2025 sealed the premises of two Designated Non-Financial Businesses and Professions, DNFIBPs, Iman Multi Structures Ltd and Daraja Motors for non -compliance with the provisions of the Money Laundering(Prevention and Prohibition) Act 2022 and EFCC AML/CFT/CPF regulations 2024. Both DNFBPs were initially sanctioned and fined on June 18, 2025 and August 13, 2025 respectively for non-compliance with regulations but failed to make payment to the government.

The Special Unit Against Money Laundering, SCUML, of the Economic and Financial Crimes Commission, EFCC, was declared Nigeria’s Most Effective Regulatory Agency of The Year 2025, in Abuja. Governance Today Nigeria, in collaboration with African Independent Good Governance Monitoring Network, AGMN, gave the award to the Unit for its “contribution to the fight against money laundering and countering terrorist financing through its regulatory standpoint”.

EFCC Seals Tongyi Mining Company Over 'Anti Money Laundering, Terrorism Breach' ~ OsazuwaAkonedo #Abuja #EFCC #Laundering #Money #SCUML #Terrorism #Tongyi Economic And Financial Crimes Commission, EFCC Has Sealed Off The Tongyi Group Of Company, A...

According to vanguard,While Nigeria’s Corporate Affairs Commission (CAC) and Ministry of Interior have introduced technological innovations that ease access to government services, the Economic and Financial Crimes Commission’s (EFCC) Special Control Unit against Money Laundering (SCUML) portal has become a source of growing frustration for businesses and Non-Profit Organisations (NPOs). Despite CAC’s AI-powered portal allowing for instant business name reservations and the Ministry’s online passport system streamlining applications, SCUML’s certification process remains mired in inefficiencies.