European Union in collaboration with the British Council is equipping Civil Society Organisations (CSOs) to improve their compliance with the laws and regulatory frameworks particularly the Anti-Money Laundering law.
The training held at the behest of the EU-ACT program trained 20 CSOs in Adamawa state on the CAMA Law, Taxation, Pension Law and also SCUML.
Programme officer, (EU-ACT) Mr Chambers Umezulike, during his remark, said the training was reinforced by the outcome of the survey conducted where out of the 119 CSO responses, less than a third of the CSOs were compliant with the CAMA law, less than 10% of the CSOs were fully tax compliant and only 14% of the CSOs were SCUML compliant in the state and other eight states.
“10 focal states to improve CSOs’ awareness of the important regulations (CAMA, Taxation, Anti-Terrorism and Money Laundering, and Pension) and how they affect their operation; capacitate them on how to become effective in their compliance obligation to these regulations; as well as improve their compliance to them.
Report: @channelstelevision
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