The Corporate Affairs Commission (CAC) and the Special Control Unit Against Money Laundering (SCUML) have renewed their partnership to curb money laundering and terrorism financing in Nigeria.
Registrar-General/CEO of the CAC, Hussaini Ishaq Magaji, gave the assurance on Monday when he received the Director of SCUML, Harry Erin, during a courtesy visit to the Commission’s headquarters in Abuja.
Both agencies held extensive discussions on the impact of their long-standing cooperation and explored additional avenues to reinforce the partnership in line with national and international anti–money laundering standards.
Magaji approved SCUML’s request for a dedicated data-sharing platform through the provision of an Application Programming Interface (API), which will enhance verification processes and improve operational efficiency. He also pledged support for capacity-building initiatives to further strengthen SCUML staff.
He reaffirmed the Commission’s commitment to fully supporting the Federal Government’s ongoing efforts to eliminate financial crimes, stressing that seamless collaboration among regulatory agencies is essential to safeguarding the nation’s financial system.
The SCUML Director, Harry Erin, commended CAC for its continued support and emphasized that enhanced collaboration between the two agencies will significantly boost Nigeria’s compliance with global anti–money laundering and counter-terrorism financing (AML/CFT) obligations.
