The Economic and financial Crimes Commission (EFCC) has warned designated non-financial businesses and professions (DNFBPs) money laundering.
Businesses referred to as DNFBPs include casinos, real estate agents, dealers in precious metals, dealers in precious stones, lawyers, notaries and other independent legal professionals.
Speaking during a one-day sensitisation programme organised by the special control unit against money laundering, (SCUML) for DNFBPs, Michael Wetkaz, director of EFCC in Lagos, said businesses should not create room for criminally-minded people to thrive.
“The financial institutions, to a large extent, have been regulated; and the issues of terrorism have been of great concern, globally,” he said.
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”As a result, nations have tightened measures to ensure that the bad people have very limited space or even no space to operate, thereby helping to improve safety and security.
“But if you allow these criminal activities to pass through your businesses, it will worsen the insecurity situation in the country.”
He said the business operators should do their part and report financial activities that may threaten the security of the country.
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“Please, do your part and report activities that you are obligated to report. We are doing our part to sensitize you,” he said.
“We are doing our part to sensitize you. We do this, so you know what we are supposed to do and you are not caught on the wrong side of the law. We should all work together to make it difficult for the bad actors.”
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