ANTI-MONEY LAUNDERING POLICY

ANTI-MONEY LAUNDERING POLICY

 Introduction

   1.1 As a company, we are committed to carrying on business in accordance with the highest ethical standards. This includes complying with all applicable laws and regulations aimed at combating money laundering and terrorist financing. This Policy has been developed by IMO Rapid Transfer to reduce the risk of money laundering and terrorist financing, associated with its business and the sale of its products. This Policy explains our individual responsibility in complying with anti-money laundering and counter-terrorist financing laws ("AML Laws") around the world and ensuring that any third parties that we engage to act on our behalf do the same.

 1.2 The management of IMO RAPID TRANSFER is committed to complying with all laws. Any employee who violates the rules in this Policy or who permits anyone to violate this policy may be subject to appropriate disciplinary action, up to and including dismissal, and may be subject to personal civil or criminal fines.

 

What am I ask to do?

You may find that you are asked to confirm your identity and other personal details. IMO RAPID TRANSFER has established special verification systems involving your bank account, SSL/BVN or payment card to prove your identity. To safeguard the integrity of our payment system, your IMO RAPID TRANSFER account may also be subject to periodic transaction limits or transactions suspension depending on your user status.

When?

You could be asked to confirm your identity whether you are applying to be a new customer or have been a customer for some time. While our identity verification systems are designed to minimize any inconvenience for you, as a new user the verification process may take several days to complete.

Why?

Crime and terrorism need cash. Criminals turn the "dirty" cash made from drug trafficking, smuggling, scamming and robbery into clean money by using false identities or taking the names of innocent people - like you. Making sure that people are who they say they are is essential in the fight against crime and terrorism. This does not mean in any way that suspicion is falling on you. Any information about your identity is held confidentially and will help stop your identity being used falsely.

Who is involved?

HM Government and all organizations involved in financial services. All are united in their determination to stop the spread of financial crime as part of the international effort to crack down on financial crime - protecting us all against crime and terrorism.

Your co-operation is vital to the successful fight against crime and terrorism.

What the law requires:

  • We may be required to verify your identity and address.
  • We are required to keep full records of all transactions together with identification provided.
  • We are required to monitor any unusual or suspicious transactions of any size.
  • We have a legal obligation to report to the appropriate organization or Crime Agency (CID/SSS/EFCC/NSA) on any suspicious transaction.

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