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TYPES OF BUSINESSES THAT REQUIRES SCUML

TYPES OF BUSINESSES THAT REQUIRES SCUML

SCUML Registration Categories in Nigeria is important for Businesses that falls under the EFCC Classification. SCUML stands for Special Control Unit Against Money Laundering and it is issued by the EFCC (Economic and Financial Crimes Commission) as proof that a bank account is not being used for money laundering activities. The certificate is granted after a thorough background check of the applicant company/business.

Categories of Businesses That Require SCUML

Financial Institutions: A financial institution (FI) is a company engaged in the business of taking care of financial and monetary transactions such as deposits, loans, investments, and currency exchange.

The following are financial institutions that require SCUML certificate in Nigeria;

  • Banks
  • Insurance companies
  • Microfinance banks
  • Mortgage institutions
  • Financial services providers

NPO Sector; NPO (non-profit organization) are organizations that focus on a specific social cause, such as in science, education, health, arts and recreation, and religion.A nonprofit organization is an entity that is created and operated for charitable or socially beneficial purposes rather than to make a profit.

The following non-profit organizations require SCUML certificate in Nigeria;

  • Clubs
  • Associations
  • Humanitarian/Charity organization
  • Religious/Faith based organization

Designated Non-Financial Businesses and Professions (DNFBPs): These are businesses that are not financial institutions but are at risk of being used for money laundering or terrorist financing

The following Non-Financial Businesses and Professions (DNFBPs) businesses require SCUML certificate in Nigeria;

  • Dealers in luxury goods.
  • Dealers in jewelry.
  • Importers and dealers in cars or any other automobile.
  • Hotels and other hospitality businesses.
  • Tax Consultants.
  • Audit firms.
  • Casinos, pools betting and other Lottery businesses.
  • Audit firms.
  • Accountants and Accounting Firms.
  • Consultants and Consulting companies.
  • Clearing and settlement companies.
  • Trust and company service providers.
  • Estate Surveyors and Valuers.
  • Dealers in Real Estate, Estates Developers, Estate Agents and Brokers.
  • Dealers in precious stones and metals.
  • Dealers in Mechanized farming equipment and machineries.
  • Construction companies.
  • Non-Governmental/Non-profit organizations.
  • Mortgage Brokers.
  • Practitioners of Mechanized farming and such other businesses and professions as the feder

The following non-profit organizations require SCUML certificate in Nigeria;

  • Clubs
  • Associations
  • Humanitarian/Charity organization
  • Religious/Faith based organization

What are the Requirements for SCUML Registration?

To obtain a SCUML certificate in Nigeria, you must provide the following:

1. Business Details:

  • Registered business name, CAC number, registration type (Company, Business Name, Incorporated Trustee, Limited by Guarantee)

  • Registered office address, sector, and main business objectives

2. Ownership & Management:

  • Full details of directors, trustees, proprietors, and persons with significant control (names, addresses, phone numbers, emails, valid ID, NIN, BVN if available)

3. Banking Details:

  • Bank name, account number, and account name for verification

4. Contact Information:

  • Official phone number, email address, and details of the authorized contact person

5. Core Documents (as applicable):

  • Certificate of Incorporation/Registration

  • CAC Status Report, MEMART, Constitution, or Partnership Agreement

  • Tax Identification Number (TIN) or Tax Exemption Certificate (for NPOs)

6. Sector-Specific Supporting Documents (where applicable):

  • Car Dealers: AMDON registration

  • Hotels: HOFA, state association, or NTDC registration

  • Casinos/Lotteries: National Lottery Commission or State Lotteries Board license

  • Audit Firms/Tax Consultants: ICAN, ANAN, or ACCA certificate

  • Estate Surveyors & Valuers: NIESV or NIQS certificate

  • Clearing & Forwarding Companies: CRFFN registration

  • Dealers in Precious Stones & Metals: Ministry of Solid Minerals permit, geologist’s certificate, NEPC or NIPC registration

  • Law Firms: Call to Bar or Legal Practicing Certificate

  • Consulting Firms: Relevant consulting certificate

The SCUML Registration Process: A Step-by-Step Guide

Although SCUML registration is free, it requires accurate document preparation and online submission. Here’s the simplified process:

Step 1: Confirm Your Eligibility
Ensure your business or organization falls under the DNFBP or NPO category. If unsure, review the eligible sectors or consult a professional.

Step 2: Gather All Required Documents
Prepare the general CAC documents (Certificate of Incorporation/Registration, MEMART or Constitution, TIN) and any sector-specific supporting documents (e.g., industry licenses, association registrations, professional certificates).
Tip: Merge all documents into a single PDF (max 2.5MB) before submission.

Step 3: Submit Your Application Online
Visit the official SCUML portal (scuml.org) to fill out the online form. Provide accurate details about your organization, ownership, banking information, and contact person, then upload your PDF file.

Step 4: Verification and Processing
SCUML reviews your submission. If the documents and details are complete, your application will be approved. Delays occur when documents are missing or inaccurate.

Step 5: Receive Your SCUML Certificate
Once approved, you’ll receive your SCUML certificate electronically. This certificate is your proof of compliance and is required for banking, contracts, and audits.

To know more about TYPES OF BUSINESSES THAT REQUIRES SCUML, Book a free advisory session with us today.

For  Business & Management Consultancy, kindly contact us at :

E-mail:         care@sowprofessional.com

Website:     www.sowprofessional.com

Phone:        07038254989     

Whassapp: 07038254989

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