Suspicious Transaction Alert: Protecting Your Business Account

If you receive an unexpected large sum of money into your business account, especially with a request to return some or all of it, proceed with caution. This scenario could be a potential money laundering attempt.

Steps to Take
1. Do not withdraw or transfer any funds  from the account until the situation is clarified.

2. Report the incident :  to the Special Control Unit against Money Laundering (SCUML) department of the Economic and Financial Crimes Commission (EFCC) via email (info@efcc.gov.ng) or visit their office.

3. Advise the sender  to contact their bank to initiate a refund or reversal of the transaction. This is the safest way to resolve the issue.

– Money laundering is a serious offense, and ignorance of the law is no excuse.

– Reporting the incident helps protect you and your business from potential legal implications.

– Letting the sender’s bank handle the reversal minimizes risks associated with the transaction.

Prioritize caution and follow the proper channels to resolve the issue. Your vigilance can help prevent potential legal and financial complications.