SCUML Registration in Nigeria.

SCUML Registration in Nigeria

What is SCUML?

SCUML is special control unit on money laundry, a unit under the Economic and Financial Crimes Commission, Nigeria.

SCUML is charged with the responsibility of monitoring, supervising and regulating the activities of Designated Non Financial Institutions (DNFIs) in line with the Money Laundering (Prohibition) Act ML(P)Act 2011 and the Prevention of Terrorism Act (PTA) 2011.

In Nigeria, certain businesses with certain business objectives are required to provide a SCUML certificate in order to successfully run a corporate bank account, failure to obtain SCUML might result in a post no debit order on corporate bank accounts.

What are the requirements for SCUML?

In November, 2020, the Economic and Financial Crimes Commission updated its requirements for SCUML, especially for Companies, thereby making it more stringent to obtain SCUML certificate for business owners.

The Not for profit sector was not affected by the new requirements. Some of the added requirements are noted below as follows:

when applying, make sure you have the following information handy:

1. All basic data, used during the company registration, e.g Address, RC, phone number, Email address and a pdf file of all company or incorporated trustees documents as the case may be, and also ensure that the file size is not more than 2MB.
2. The BVN of at least 1 director, Tax Identification Number (TIN) and account number of the company or individual director.
3. Valid means of Identification of at least 1 director would be required for pick up.

Note: Any company that has the following business objective (Mining, oil/Gas,
Export, Investment and Pharmacy) in their MEMAT should ensure that the
necessary Approvals/Authorization/licences are attached to their applications.

The following are business objects requiring SCUML:

DEALERS IN LUXURY GOODS

LIMITED LIABILITIES

• Certificate of Incorporation
• Memorandum and Articles of Association
• Form CAC 1.1 (CAC 2 and CAC 7 FOR OLD REGISTRATION)
• Tax Identification Number (TIN)
• BVN, Bank Name and Account Number

BUSINESS NAME

• Certificate of Incorporation
• Form BN-01 (Proprietor’s Particulars)
• Tax Identification Number (TIN)
• BVN, Bank Name and Account Number

DEALERS IN JEWELERY

LIMITED LIABILITIES

• Certificate of Incorporation
• Memorandum and Articles of Association
• Form CAC 1.1 (CAC 2 and CAC 7 FOR OLD REGISTRATION)
• Tax Identification Number (TIN)
• BVN, Bank Name and Account Number

BUSINESS NAME

• Certificate of Incorporation
• Form BN-01 (Proprietor’s Particulars)
• Tax Identification Number (TIN)
• BVN, Bank Name and Account Number

ADDITIONAL REGISTRATION REQUIREMENT

• Evidence of Registration with Jewelery Marketers Association of Nigeria (JMAN)

CAR DEALERS

LIMITED LIABILITIES

• Certificate of Incorporation
• Memorandum and Articles of Association
• Form CAC 1.1 (CAC 2 and CAC 7 FOR OLD REGISTRATION)
• Tax Identification Number (TIN)
• BVN, Bank Name and Account Number

BUSINESS NAME

• Certificate of Incorporation
• Form BN-01 (Proprietor’s Particulars)
• Tax Identification Number (TIN)
• BVN, Bank Name and Account Number

ADDITIONAL REGISTRATION REQUIREMENT

• Evidence of Registration with Association of Motor Dealers of Nigeria (AMDON) SUPERMARKET

LIMITED LIABILITIES

• Certificate of Incorporation
• Memorandum and Articles of Association
• Form CAC 1.1 (CAC 2 and CAC 7 FOR OLD REGISTRATION)
• Tax Identification Number (TIN)
• BVN, Bank Name and Account Number

BUSINESS NAME

• Certificate of Incorporation
• Form BN-01 (Proprietor’s Particulars)
• Tax Identification Number (TIN)
• BVN, Bank Name and Account Number

HOTELS AND HOSPITALITY BUSINESS

LIMITED LIABILITIES

• Certificate of Incorporation
• Memorandum and Articles of Association
• Form CAC 1.1 (CAC 2 and CAC 7 FOR OLD REGISTRATION)
• Tax Identification Number (TIN)
• BVN, Bank Name and Account Number

BUSINESS NAME

• Certificate of Incorporation
• Form BN-01 (Proprietor’s Particulars)
• Tax Identification Number (TIN)
• BVN, Bank Name and Account Number

ADDITIONAL REGISTRATION REQUIREMENT

• Registration with Hotel Owners Forum Abuja (HOFA) or
• Nigeria Tourism Development Corporation (NTDC)

CASINOS, POOL BETTING & LOTTERY BUSINESSES

LIMITED LIABILITIES

• Certificate of Incorporation
• Memorandum and Articles of Association
• Form CAC 1.1 (CAC 2 and CAC 7 FOR OLD REGISTRATION)
• Tax Identification Number (TIN)
• BVN, Bank Name and Account Number

BUSINESS NAME

• Certificate of Incorporation
• Form BN-01 (Proprietor’s Particulars)

Tax Identification Number (TIN)

ADDITIONAL REGISTRATION REQUIREMENT

• License from the National Lottery Commission

AUDIT FIRMS

LIMITED LIABILITIES

• Certificate of Incorporation
• Memorandum and Articles of Association
• Form CAC 1.1 (CAC 2 and CAC 7 FOR OLD REGISTRATION)
• Tax Identification Number (TIN)
• BVN, Bank Name and Account Number

BUSINESS NAME

• Certificate of Incorporation
• Form BN-01 (Proprietor’s Particulars)
• Tax Identification Number (TIN)
• BVN, Bank Name and Account Number

ADDITIONAL REGISTRATION REQUIREMENT

• Professional certificate with ICAN or ANAN or ACCA

TAX CONSULTANTS

LIMITED LIABILITIES

• Certificate of Incorporation
• Memorandum and Articles of Association
• Form CAC 1.1 (CAC 2 and CAC 7 FOR OLD REGISTRATION)
• Tax Identification Number (TIN)
• BVN, Bank Name and Account Number

BUSINESS NAME

• Certificate of Incorporation
• Form BN-01 (Proprietor’s Particulars)
• Tax Identification Number (TIN)
• BVN, Bank Name and Account Number

ADDITIONAL REGISTRATION REQUIREMENT

• Professional certificate with ICAN or ANAN or ACCA or CITN

ACCOUNTING FIRMS

LIMITED LIABILITIES

• Certificate of Incorporation
• Memorandum and Articles of Association
• Form CAC 1.1 (CAC 2 and CAC 7 FOR OLD REGISTRATION)
• Tax Identification Number (TIN)
• BVN, Bank Name and Account Number

BUSINESS NAME

• Certificate of Incorporation
• Form BN-01 (Proprietor’s Particulars)
• Tax Identification Number (TIN)
• BVN, Bank Name and Account Number

ADDITIONAL REGISTRATION REQUIREMENT

• A professional certificate with ICAN or ANAN or ACCA

ESTATE SURVEYORS AND VALUERS

LIMITED LIABILITIES

• Certificate of Incorporation
• Memorandum and Articles of Association
• Form CAC 1.1 (CAC 2 and CAC 7 FOR OLD REGISTRATION)

Tax Identification Number (TIN)

• BVN, Bank Name and Account Number

BUSINESS NAME

• Certificate of Incorporation
• Form BN-01 (Proprietor’s Particulars)
• Tax Identification Number (TIN)
• BVN, Bank Name and Account Number

ADDITIONAL REGISTRATION REQUIREMENT

• Nigerian Institution of Estate Surveyors and Valuers (NIESVs), or Nigeria Institute of Quantity Surveyors Certificate (NIQS)

REAL ESTATE DEALERS

LIMITED LIABILITIES

• Certificate of Incorporation
• Memorandum and Articles of Association
• Form CAC 1.1 (CAC 2 and CAC 7 FOR OLD REGISTRATION)
• Tax Identification Number (TIN)
• BVN, Bank Name and Account Number

BUSINESS NAME

• Certificate of Incorporation
• Form BN-01 (Proprietor’s Particulars)
• Tax Identification Number (TIN)
• BVN, Bank Name and Account Number

ADDITIONAL REGISTRATION REQUIREMENT

• REDAN Certificate

MECHANIZED FARMING

LIMITED LIABILITIES

• Certificate of Incorporation

Memorandum and Articles of Association

• Form CAC 1.1 (CAC 2 and CAC 7 FOR OLD REGISTRATION)
• Tax Identification Number (TIN)
• BVN, Bank Name and Account Number

BUSINESS NAME

• Certificate of Incorporation
• Form BN-01 (Proprietor’s Particulars)
• Tax Identification Number (TIN)
• BVN, Bank Name and Account Number

CONSTRUCTION COMPANIES

LIMITED LIABILITIES

• Certificate of Incorporation
• Memorandum and Articles of Association
• Form CAC 1.1 (CAC 2 and CAC 7 FOR OLD REGISTRATION)
• Tax Identification Number (TIN)
• BVN, Bank Name and Account Number

BUSINESS NAME

• Certificate of Incorporation
• Form BN-01 (Proprietor’s Particulars)
• Tax Identification Number (TIN)
• BVN, Bank Name and Account Number

ADDITIONAL REGISTRATION REQUIREMENT

• COREN Membership Certificate or Nigerian Society of Engineers Membership Certificate etc
• REDAN Certificate

MORTGAGE BROKERS

LIMITED LIABILITIES

Certificate of Incorporation

• Memorandum and Articles of Association
• Form CAC 1.1 (CAC 2 and CAC 7 FOR OLD REGISTRATION)
• Tax Identification Number (TIN)
• BVN, Bank Name and Account Number

BUSINESS NAME

• Certificate of Incorporation
• Form BN-01 (Proprietor’s Particulars)
• Tax Identification Number (TIN) BVN, Bank Name and Account Number

CONSULTING COMPANIES

LIMITED LIABILITIES

• Certificate of Incorporation
• Memorandum and Articles of Association
• Form CAC 1.1 (CAC 2 and CAC 7 FOR OLD REGISTRATION)
• Tax Identification Number (TIN)
• BVN, Bank Name and Account Number

BUSINESS NAME

• Certificate of Incorporation
• Form BN-01 (Proprietor’s Particulars)
• Tax Identification Number (TIN)
• BVN, Bank Name and Account Number

ADDITIONAL REGISTRATION REQUIREMENT

• Relevant Consulting certificate

CLEARING & FORWARDING COMPANIES

LIMITED LIABILITIES

• Certificate of Incorporation
• Memorandum and Articles of Association

Form CAC 1.1 (CAC 2 and CAC 7 FOR OLD REGISTRATION)

• Tax Identification Number (TIN)
• BVN, Bank Name and Account Number

BUSINESS NAME

• Certificate of Incorporation
• Form BN-01 (Proprietor’s Particulars)
• Tax Identification Number (TIN)
• BVN, Bank Name and Account Number

ADDITIONAL REGISTRATION REQUIREMENT

• Evidence of registration with Nigeria Ports Authority (NPA)

DEALERS IN PRECIOUS STONES AND METALS

LIMITED LIABILITIES

• Certificate of Incorporation
• Memorandum and Articles of Association
• Form CAC 1.1 (CAC 2 and CAC 7 FOR OLD REGISTRATION)
• Tax Identification Number (TIN)
• BVN, Bank Name and Account Number

BUSINESS NAME

• Certificate of Incorporation
• Form BN-01 (Proprietor’s Particulars)
• Tax Identification Number (TIN)
• BVN, Bank Name and Account Number

ADDITIONAL REGISTRATION REQUIREMENT

• Exploration License/permit (Ministry of Solid Minerals)
• License from a Certified Geologist
• For Exporting: Nigerian Export Promotion Council (NEPC)
• For Importing: Nigerian Investment Promotion Commission (NIPC)

LAW FIRMS

BUSINESS NAME

• Certificate of Incorporation
• Form BN-01 (Proprietor’s Particulars)
• Tax Identification Number (TIN)
• BVN, Bank Name and Account Number

ADDITIONAL REGISTRATION REQUIREMENT

• Call to Bar Certificate or Legal Practicing certificates

NON-PROFIT ORGANIZATIONS (NPOS)

·  NPOs are made up of

1. Charitable / Humanitarian Organizations
2. International
3. Local ii. Religious Organizations iii.       Associations/Clubs/Societies

TRUSTS/NGO

• Certificate of Incorporation/Registration
• Incorporation of Trustees or CAC7 and CAC 2
• Identification of Trustees with a valid means of identification
• Constitution/Memorandum & Articles of Association
• Tax Identification Number (TIN) or Tax Exemption
• Particulars of Settlors
• Particulars of Protector (if any)
• Copy of cooperation Agreement (For international NGOs)
• Trust Deed Agreement
• BVN, Bank Name and Account Number

RELIGIOUS ORGANIZATIONS

• Certificate of Incorporation/Registration
• Incorporation of Trustees
• Identification of Trustees with a valid means of identification · Constitution
• Tax Identification Number (TIN) or Tax Exemption
• Letter of Authority from the General Overseer of the church
• Details of other activities engaged in (Charities/Humanitarian activities)
• BVN, Bank Name and Account Number

ASSOCIATION/CLUBS/SOCIETIES

• Certificate of Incorporation/Registration
• Copy of Constitution/Bye-Laws etc
• Particulars of the trustees
• Reliable means of Identification of at least two of the trustees
• Tax Identification Number (TIN) or Tax Exemption · BVN, Bank Name and Account Number.

Published by Starlion Legal

For further information on how to process your SCUML certificate, call us on +2347057663782 or send us a mail on starlionlegal@yahoo.com