CE-FATF-ENG NEWSLETTER (June) 2017
Outcome of Engagement Meeting with SCUML:
An engagement meeting initiated by the Nigeria Network of NGOs (NNNGO) aimed at fostering a strong working relationship as well as collaboration with one of the regulatory bodies in the country was held on 16th of May, 2017.
A team comprising a member of the Board of Trustees, the Executive Director, the Administrative and Membership Officer as well as relevant staff of the Network paid a courtesy call to the head office of the Special Control Unit against Money Laundering (SCUML) located in the capital city, Abuja.
In continuance of its work on sensitizing Nigerian Civil Society Organizations (CSO) on the Financial Action Task Force (FATF) Recommendation 8 coupled with the need to support the struggle of CSOs regarding how best to enhance the regulatory environment in which they work, NNNGO sought audience with SCUML to highlight issues relating to the challenges of registering with SCUML, sensitization on Money Laundering (ML) and Terrorist Financing (TF), Financial Accountability, National Risk Assessment (NRA) and noncompliance to the 2011 Anti-Money Laundering Laws (AML).
The engagement meeting with SCUML was therefore seen as an opportunity to chart a way forward on how best to sort out these issues.
The importance of NNNGO’s work and its impact were acknowledged especially in number of its members who have registered with SCUML.
The SCUML team therefore gave assurance of its commitment to deepen collaboration with the Network especially in organizing workshops focused on creating awareness about financial crimes in the sector. This was centered on the urgent need for adequate and unrelenting sensitization in the area of donor monitoring so as to decrease the level of vulnerability of CSOs in Nigeria to ML and TF.
The National Risk Assessment (NRA) conducted in 2016 was mentioned as a background to issues of noncompliance within the third sector; Faith-based organizations were particularly identified as non-compliant while SCUML gave assurance of the organization’s willingness in improving compliance within the sector.
Addressing the issue of difficulty in registering on SCUML website, guidelines were provided to the delegation on how best to access the portal in order to allow for a smooth registration experience. To do this, organizations must give a brief profile of their institutions and ensure that all scanned documents to be uploaded are compressed to 2MB.
An e-mail would then be sent immediately, acknowledging the receipt of the application. Following a careful review, a certificate of registration is made ready for collection within ten working days and issued at the location indicated by the organization undergoing registration.
The importance of registering with SCUML was further reiterated at the meeting as the certificate is needed to open organizational bank account by nonprofits.
Published with the support of OSIWA
This newsletter is published as part of the civic engagement on the Financial Action Task Force evaluation on Nigeria project supported by OSIWA. All opinions expressed are that of the authors and does not reflect that of OSIWA or NNNGO or any other organization(s) mentioned.
About CE-FATF-ENG: CE-FATF-ENG stands for civic engagement on the Financial Action Task Force evaluation on Nigeria.
This newsletter is part of the CE-FATF_ENG project implemented by NNNGO with the support of Open Society Initiative for West Africa (OSIWA).
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