The Wunti Al-Khair Foundation participated in a sensitization lecture organized by the Economic and Financial Crimes Commission (EFCC) through the Special Control Unit against Money Laundering (SCUML) at GOFCECON Annex, Gombe. The engagement brought together Non-Profit Organizations (NPOs) and Designated Non-Financial Businesses and Professions (DNFBPs) to strengthen awareness and compliance with Nigeria’s anti-money laundering and counter-terrorism financing regulations.
The lecture focused on educating participants about their obligations under the Money Laundering (Prevention and Prohibition) Act, 2022, and emphasized the importance of compliance with Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) frameworks.
During the session, facilitators highlighted the legal framework governing AML/CFT compliance, the responsibilities of NPOs in preventing money laundering and terrorism financing, reporting obligations, record-keeping requirements, and the consequences of non-compliance with SCUML regulations. Participants were also enlightened on SCUML’s mandate to monitor, supervise, and regulate the activities of NPOs and DNFBPs across the country.
Speaking on the significance of the engagement, organizers noted that the increasing global and national concerns surrounding the misuse of non-profit organizations for illicit financial activities make compliance awareness more critical than ever. The lecture therefore served as a timely intervention to equip organizations with the knowledge required to align their operations with national and international regulatory standards.
