RystalPay is committed to preventing its platform and services from being used for money laundering, terrorist financing, fraud, or other financial crimes. We maintain appropriate controls to protect our customers and the integrity of the financial system.
RystalPay conducts appropriate Know Your Customer (KYC) procedures to verify the identity of customers and, where applicable, businesses and beneficial owners. Customers may be required to provide valid identification and other information necessary to comply with applicable laws and regulations.
We monitor customer accounts and transactions for unusual or suspicious activity. Based on our assessment, we may apply additional verification or enhanced monitoring to higher-risk customers or transactions.
Where we identify activity that may indicate money laundering, terrorist financing, fraud, or other unlawful activity, RystalPay may investigate, restrict or suspend the relevant account or transaction and report the matter to the appropriate regulatory or law-enforcement authorities where required by law.
RystalPay takes reasonable measures to identify and prevent transactions involving sanctioned individuals, entities or prohibited activities in accordance with applicable Nigerian laws and regulatory requirements.
We maintain appropriate customer and transaction records as required by applicable law and provide information to authorised regulatory and law-enforcement authorities where legally required.
RystalPay may update this AML Policy from time to time to reflect changes in our services, regulatory requirements and financial crime risks.
For questions regarding this policy, contact us at compliance@rystalpay.com.
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