Anti-money laundering legislation in effect in most countries makes it necessary for Abijan Exchange to make public its anti-money laundering policy to ensure we comply with money laundering regulations and not accept payments that expose our company to possible criminal fines and penalties.
Money laundering is the act of converting money or other monetary instruments gained from illegal activity into money or investments that appear to be legitimate so that its illegal source cannot be traced.
Abijan Exchange views Money Laundering as a serious criminal offence, and as such, complies with regulatory requirements intended to forestall and prevent money laundering. These include:
• Identifying customers.
• Retaining transaction and identification records for a minimum period of five years.
• Training staff continuously in terms of anti-money laundering regulations.
• Monitoring and reporting any and all suspicious activities.
• Supervise and oversee that all transactions and information in the system is correct and complies with applicable laws.
Please note that Abijan Exchange has the right to refuse a transaction at any time should suspicion arise that it may be connected to money laundering or any other criminal activity. In addition, e-Naira will report this suspicious activity in order to comply with said regulations, and internationally accepted laws and customs which also prohibits Abijan Exchange from disclosing this information.