Money laundering: EFCC warns designated non-financial business operators

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EFCC News

Money Laundering

The Economic and Financial Crimes Commission, EFCC, has issued a stern warning to Designated Non-Financial Businesses and Professions, DNFBPs, to conduct their dealings in line with provisions of the Money Laundering Prohibition and Prevention Act, 2022.

The spokesperson for EFCC, Dele Oyewale, disclosed this in a statement posted on the website of the Commission on Thursday. Oyewale explained that the Acting Director, Lagos Directorate of the EFCC, Michael Wetkaz, gave the charge at a sensitization programme organised by the EFCC Special Control Unit Against Money Laundering, SCUML, for DNFBPs.

reports that DNFBPs includes casinos, real estate agents, dealers in precious metals, dealers in precious stones, lawyers, notaries and other independent legal professionals. Speaking at the event on Wednesday in Lagos, Wetkaz also spoke on the global efforts to keep terrorism at bay. Wetkaz urged the participants not to create room in their respective businesses for criminally-minded people to thrive.

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