Know Your Customers, EFCC Warns POS Operators
Fred Omotara, Lagos
The Economic and Financial Crimes Commission (EFCC) has charged Point of Sale (POS) operators to put modalities in place to ensure that a proper ‘Know Your Customer’ (KYC) is carried out on customers who approach them for transactions.
Speaking in Uyo, Akwa Ibom State on Thursday, the Uyo Zonal Commander of the EFCC, Assistant Commander, ACE Bawa Hamidu Saidu warned that it is important that POS operators know who they conduct financial transactions for to avoid getting implicated in shady financial transactions.
According to ACE Bawa Hamidu Saidu, while speaking when Executives of the Association of Point Of Sale, POS, Operators led by their President, Ndifreke Bassey, paid him a visit in his office in Uyo, “POS operators need to put modalities in place to ensure that a proper ‘Know Your Customer’, KYC, is carried out on customers who approach them for transactions.
“It is important inorder not to get caught in the web of shady financial transactions deals “