FINANCIAL CRIMES: EFCC CHARGES DNFI's TO ABIDE BY THE LAWS

"Ensure that you do your businesses within the law prescribed", Kaduna EFCC Zonal Head, Mailafia Yakubu Tells DNFI's Operators. 

Operators of Designated  Non Financial  Institutions ( DNFI's) have been charged to carefully monitor and run their businesses  as prescribed by the law.



This was the charge by Mailafia Yakubu, Kaduna Zonal Head of the Economic and Financial Crimes Commission, EFCC while declaring open, a sensitization workshop organised by the Kaduna Zonal office on Wednesday .

Mailafia charged the DNFI's operators to ensure that they do businesses within the law prescribed and play their role in curbing Money Laundering within the zone.

Speaking also at the event, Head, Special Control Unit against Money Laundering, Mohammed Suleiman enjoined participants to monitor and run their businesses within the law to avoid been caught in any illegal activities.

He further stated in clear terms, that the Law is clear regarding (Money Laundering Prohibition  Act 2011 as Amended) laying emphasis on adherence to this Law which is not optional.

"It is the duty of all business owners to register their  businesses with SCUML and to ensure they report any suspicious  transaction, while making sure they adhere to the Know Your Customer (KYC) rule as, failure to follow the law will be met with severe sanctions as stipulated by the law", he stated.