Anti-Money Laundering Policy

Our obligations

Under the Money Laundering (Prevention and Prohibition) Act 2022, NaijaVerify is required to verify the identity of clients, maintain transaction records for a minimum of 5 years, and report suspicious transactions to the Nigerian Financial Intelligence Unit (NFIU).

Client identification (KYC)

All clients must complete their profile including full name and phone number. We reserve the right to request additional identification for high-value transactions. NIN collection is part of our KYC framework.

Suspicious transaction reporting

We are legally required to report to the NFIU any transaction we reasonably suspect is connected to money laundering. This obligation supersedes client confidentiality.

Transaction monitoring

We monitor platform activity for patterns consistent with money laundering risk. Unusual patterns may result in account suspension pending review.