EFCC cautions tourism operators on money laundering

The Economic and Financial Crimes Commission (EFCC) has cautioned operators of tourism business in the South- East against non-compliance with extant anti-money laundering regulations for Designated Non-Financial Institutions. The Enugu Zonal Head of the Commission, Ibrahim Bappa, according to EFCC spokesman Dele Oyewale, gave the caution in Enugu on Friday, July 10, 2020 while addressing […]

The Economic and Financial Crimes Commission (EFCC) has cautioned operators of tourism business in the South- East against non-compliance with extant anti-money laundering regulations for Designated Non-Financial Institutions.

The Enugu Zonal Head of the Commission, Ibrahim Bappa, according to EFCC spokesman Dele Oyewale, gave the caution in Enugu on Friday, July 10, 2020 while addressing executive members of Society of Tourism Proprietors of Nigeria (STPN), Enugu State Chapter,  who were at the Commission’s Enugu office at the instance of the Special Control Unit Against Money Laundering (SCUML).

While warning the operators of dire consequences from the EFCC if such attitude persists among their members in the zone, Bappa noted that their compliance with the required protocols was not only necessary for the success of their businesses, but a patriotic duty that will preserve the country’s economy and image.