The EFCC Issues a Money Laundering Warning to Automobile Dealers

The Economic and Financial Crime Commission (EFCC) has warned members of the Association of Motor Dealers of Nigeria (AMDON), Oyo State chapter, against doing business with criminals and money launderers through its Special Control Unit on Money Laundering (SCUMOL).

The warning was issued at a workshop designed to educate members about the activities of criminals and money launderers, as well as how to protect themselves under the Money Laundering Prohibition Act 2011. (as amended).


Mr Daniel Essie, Director, Special Control Unit on Money Laundering, who was represented by Mr Mathew Eno at the workshop, said that the Money Laundering Act was enacted to protect motor dealers’ businesses because they were vulnerable to money laundering activities.

Be the first to comment

Leave a Reply

Your email address will not be published.