Abcm Connect is committed to maintaining the highest standards of compliance with anti-money laundering (AML) laws and regulations. This AML Policy outlines our commitment to preventing, detecting, and reporting any activities that may involve money laundering, terrorist financing, or other financial crimes.

 

  1. Purpose

The purpose of this policy is to:

 

Ensure compliance with all applicable AML laws and regulations.

Prevent the use of Abcm Connect’s platform for money laundering or other illegal activities.

Protect the integrity of our business and maintain trust with our users, partners, and stakeholders.

  1. Scope

This policy applies to all employees, partners, contractors, users, and stakeholders of Abcm Connect. It covers all services and transactions conducted through our platform.

 

  1. Key Principles

Know Your Customer (KYC): We verify the identity of all users and businesses registering on our platform to ensure they are legitimate.

Transaction Monitoring: We monitor transactions on our platform to detect unusual or suspicious activities.

Record Keeping: We maintain accurate and detailed records of user information and transactions for the required period, as mandated by law.

Suspicious Activity Reporting (SAR): We report any suspected money laundering activities to the relevant authorities.

  1. User Responsibilities

All users of Abcm Connect must:

 

Provide accurate and up-to-date information during registration.

Avoid using the platform for illegal or fraudulent activities.

Cooperate with any KYC verification or compliance requests.

  1. Prohibited Activities

The following activities are strictly prohibited on the Abcm Connect platform:

 

Use of the platform for money laundering or terrorist financing.

Conducting transactions involving funds derived from illegal activities.

Structuring transactions to evade reporting requirements.

Falsifying information or documents.

  1. Verification Process

We implement the following measures to verify users and businesses:

 

Collection of valid government-issued identification.

Validation of business registration documents, where applicable.

Enhanced due diligence for high-risk users or transactions.

  1. Reporting and Escalation

Any employee, partner, or stakeholder who becomes aware of suspicious activities must immediately report them to the compliance officer or designated AML officer. We will investigate and escalate the matter to the appropriate regulatory authorities as required.

 

  1. Training and Awareness

All employees and relevant personnel are trained regularly on AML compliance, recognizing suspicious activities, and their responsibilities under this policy.

 

  1. Penalties for Non-Compliance

Failure to comply with this policy may result in:

 

Suspension or termination of user accounts.

Legal action or reporting to authorities.

Disciplinary action for employees or partners.

  1. Continuous Improvement

Abcm Connect reviews and updates this policy regularly to ensure compliance with evolving laws, regulations, and industry best practices.

 

  1. Contact Information

If you have questions or concerns regarding this AML Policy, please contact us:

Email: support@abcmconnect.com

Address A: 19E Church Street, Adjacent Baba Nokia, Ayetoro Osogbo, Osun State.

Address B: No 2. Alh. Abioye Street, Dejo Babalola, Ayetoro Area, Osogbo, Osun State.