Anti-Money Laundering (AML) Policy

FastPay.ng is committed to preventing money laundering, terrorist financing, fraud, and other financial crimes. We operate in compliance with applicable Nigerian financial regulations and industry best practices.

Our AML Commitment

We implement strict internal controls, monitoring systems, and compliance procedures designed to detect, prevent, and report suspicious financial activities.

Know Your Customer (KYC)

• Verification of customer identity during account registration
• Collection of valid identification information where required
• Ongoing monitoring of customer activity

Transaction Monitoring

• Automated systems to detect unusual transaction patterns
• Review of high-risk or suspicious transactions
• Immediate investigation of flagged activities

Reporting Obligations

Where required by law, FastPay.ng may report suspicious transactions to relevant regulatory or law enforcement authorities in Nigeria.

Compliance & Enforcement

Failure to comply with our AML requirements may result in account suspension, transaction restrictions, or permanent account termination.

Policy Updates

This AML Policy may be updated periodically to reflect regulatory changes and operational improvements.