Effective Date: 6/27/2025
Applies to: All users, staff, contractors, and partners of Afriancer.
Afriancer is committed to maintaining the highest standards of Anti-Money Laundering (AML), Counter-Terrorism Financing (CTF), and Know Your Customer (KYC) compliance in accordance with international and applicable local laws.
This policy outlines procedures for:
Preventing misuse of Afriancer for money laundering or terrorism financing.
Ensuring customer identification and transaction monitoring.
Complying with global AML/CTF obligations.
This policy applies to:
All registered users (freelancers and clients)
Internal staff, compliance officers, and vendors
Afriancer conducts:
Basic KYC: Verification of name, address, contact details.
Enhanced Due Diligence (EDD): For high-risk users, including ID verification and proof of address.
Ongoing Monitoring: Regular checks for suspicious activities or unusual transaction patterns.
Transactions are monitored using automated and manual reviews to detect:
Sudden spikes in activity
Repeated failed withdrawals or payments
Use of multiple accounts from the same IP
Afriancer will report:
Any suspicious activity to relevant financial intelligence units.
Activities relating to money laundering, fraud, or terrorism financing.
Reports are confidential and filed by the Compliance Officer.
Afriancer retains:
User KYC records for at least 5 years
Transaction logs and communications for audit and investigation purposes
Staff are trained regularly on:
AML/CTF obligations
Identifying and escalating red flags
Data handling and confidentiality
Failure to comply may result in:
Suspension or termination of account
Disciplinary action
Legal reporting to authorities
PEPs undergo enhanced scrutiny. Users are required to self-declare if they are PEPs or related to one.
This AML policy is reviewed annually or as required by law and operational changes.
Questions about this policy may be directed to:
Email: [email protected]
Compliance Officer: c m
Address: Jeda House, 5th Floor, Room J7