Money laundering: EFCC tells POS agents to create customer’s database

The Economic and Financial Crimes Commission (EFCC) has charged Point of Sale (POS) operators to have a database for details of their customers. The Ilorin Zonal Commander of EFCC, Michael Nzekwe, disclosed this on Tuesday while playing host to members of the Kwara Association of Professional Point of Sale Agents (KAPPSA) at the commission’s Ilorin […]

The Economic and Financial Crimes Commission (EFCC) has charged Point of Sale (POS) operators to have a database for details of their customers.

The Ilorin Zonal Commander of EFCC, Michael Nzekwe, disclosed this on Tuesday while playing host to members of the Kwara Association of Professional Point of Sale Agents (KAPPSA) at the commission’s Ilorin office.

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He said the POS operators should carry out proper documentation of their clients before transactions are made to check money laundering and other illicit financial transactions.

The Chairman of KAPPSA, Opakunle Ridwan Ayinde, thanked the command for its efforts to sensitise the association through continuous engagements and training, which he said, would greatly sanitise the business.