RegAlert2026-09-25
Added · Updated
Circular on Mandatory Filing of Suspicious Transaction and Suspicious Activities Reports
The Special Control Unit Against Money Laundering directs all Designated Non-Financial Businesses and Professions to register on the Nigeria Financial Intelligence Unit simplified GoAML platform to file Suspicious Transaction Reports and Suspicious Activities Reports. These reports must be filed immediately within 24 hours for transactions involving unjustifiable frequency, unusual complexity, lack of economic justification, or inconsistency with known patterns. Self-Regulatory Bodies are required to disseminate this directive to their members, while failure to report qualifying transactions subjects entities to administrative sanctions and potential prosecution.
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ECONOMIC AND FINANCIAL CRIMES COMMISSION
SPECIAL CONTROL UNIT AGAINST MONEY LAUNDERING
Head Office: No.5 Fomella Street, off Adetokunbo Ademola Crescent Wuse II, Abuja.
Tel: 0809 6492 000 Email: info@scuml.org
EFCC/SCUML/HQ/04/VOL. 1/045
25th September, 2026
CIRCULAR TO ALL DESIGNATED NON-FINANCIAL BUSINESSES AND PROFESSIONS (DNFBPs) AND SELF-REGULATORY BODIES (SRBs) ON MANDATORY FILING OF SUSPICIOUS TRANSACTION (STR) AND SUSPICIOUS ACTIVITIES REPORTS (SAR).
The Special Control Unit Against Money Laundering (SCUML), pursuant to its statutory mandate under the Money Laundering (Prevention and Prohibition) Act, 2022, and other extant AML/CFT/CPF laws and regulations, hereby directs all Designated Non-Financial Businesses and Professions (DNFBPs) to register on the Nigeria Financial Intelligence Unit (NFIU) simplified GoAML platform on www.nfiu.gov.ng/rapidaml/register which enables the filing of Suspicious Transaction Report (STR) and Suspicious Activities Report (SAR).
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Source: Economic and Financial Crimes Commission — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
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EFCC published 3 documents in the last 30 days. We email you each new one the day it's published.