Effective Date: 1st December 2024

At Amazing Promises (“we,” “our,” or “us”), we are committed to complying with Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations to ensure transparency, prevent financial crimes, and maintain the integrity of our operations. This policy outlines our procedures for verifying customer identities and monitoring transactions.

1. Purpose

The AML & KYC policy aims to prevent money laundering, terrorist financing, and other illegal activities, verify the identity of customers, and ensure compliance with applicable regulations while maintaining detailed records of customer transactions and activities.

2. Customer Verification (KYC)

We collect and verify customer information as part of our KYC procedures. For individuals, this includes full name, address, date of birth, and valid identification such as a passport or government-issued ID. For businesses, it includes company registration details, ownership structure, and identification of directors and beneficial owners. Verification is conducted using reliable sources, and additional information may be requested if necessary. We also monitor customer transactions to detect suspicious behavior.

3. Transaction Monitoring (AML)

Transactions are assessed based on customer profiles, transaction value, and geographic factors to identify potential risks. Any suspicious activities are reported to the appropriate regulatory authorities. All customer information and transaction records are securely maintained for a minimum of five years or as required by law.

4. Compliance and Training

Our staff is trained on AML and KYC regulations to ensure compliance and effective implementation of policies. Regular audits are conducted to evaluate the effectiveness of these measures.

5. Customer Responsibilities

Customers are required to provide accurate and complete information during the onboarding process, update us with any changes to their details, and comply with requests for additional documentation or clarification.

6. Non-Compliance

Failure to comply with our AML & KYC requirements may result in suspension or termination of services and reporting to regulatory authorities if suspicious activities are identified.

7. Contact Us

If you have questions or need assistance with our AML & KYC processes, please contact us.

Address: Plot 518 Katampe, Opposite Unique Estate, Katampe, Abuja

Email: info@amazingpromises.com

At Amazing Promises, we are dedicated to fostering a secure and compliant financial environment. Thank you for your cooperation in helping us achieve this goal.