Anti-Money Laundering Policy

1. Commitment

Dollars Cards is committed to preventing money laundering, terrorist financing and other financial crimes. We maintain a risk-based programme aligned with applicable Nigerian and international standards, including guidance from the FATF and the Central Bank of Nigeria.

2. Customer Due Diligence (CDD)

We verify the identity of every customer using reliable, independent sources. CDD is performed at onboarding and refreshed periodically or when a trigger event occurs.

3. Know Your Customer (KYC)

KYC standards, accepted documents and verification steps are described in the KYC Policy.

4. Enhanced Due Diligence (EDD)

Additional verification is required for higher-risk customers, including politically exposed persons (PEPs), customers from higher-risk jurisdictions, and unusually large or complex activity patterns.

5. Transaction monitoring

Automated and manual monitoring is applied to wallet, conversion and card activity. Rules cover velocity, high value, decline probing, geographic anomalies and known fraud typologies.

6. Suspicious activity reporting

Where activity gives reasonable grounds for suspicion, we file reports with the Nigerian Financial Intelligence Unit (NFIU) and other authorities as required by law. Tipping off is strictly prohibited.

7. Sanctions screening

Customers and counterparties are screened against applicable sanctions lists at onboarding and on an ongoing basis. We do not provide Services to sanctioned individuals or entities.

8. Record keeping

KYC records, transaction records and internal investigations are retained for at least five (5) years after the end of the customer relationship or the date of the transaction.

9. Training and governance

All employees receive AML training appropriate to their role. A designated Compliance Officer oversees the programme and reports to senior management.

10. Cooperation with authorities

We cooperate with lawful requests from regulators and law enforcement and may freeze funds or restrict accounts where legally required.

11. Contact

Compliance queries: compliance@dollarscards.com.