AML & KYC Policy

Rigzo Limited ("Rigzo", "we", "us", or "our") is committed to maintaining the highest standards of integrity, transparency, and regulatory compliance in the operation of our financial services platform.

As a digital financial platform that facilitates cryptocurrency transactions, digital asset storage, and fiat currency conversion, Rigzo implements robust Anti-Money Laundering (AML) and Know Your Customer (KYC) procedures designed to prevent the misuse of our services for unlawful activities.

This AML & KYC Policy outlines the procedures and safeguards implemented to detect, prevent, and respond to potential financial crime including money laundering, terrorist financing, fraud, and other illicit activities.

Rigzo is committed to complying with applicable laws and regulatory requirements relating to anti-money laundering, counter-terrorism financing, and financial crime prevention.

Our compliance framework aligns with applicable regulations including but not limited to:

Rigzo continuously reviews and updates its policies to remain aligned with regulatory expectations and industry best practices.

1. Nigeria Data Protection Act (NDPA)
2. Anti-Money Laundering (Prevention and Prohibition) Act, Nigeria
3. Financial Action Task Force (FATF) recommendations
4. Other applicable financial compliance obligations

To maintain the security and integrity of our platform, Rigzo requires users to complete identity verification before accessing certain services.

Users may be required to provide:

Verification procedures may be conducted directly by Rigzo or through trusted third-party identity verification providers.

Rigzo reserves the right to request additional information where necessary.

1. Full legal name
2. Date of birth
3. Residential address
4. Phone number and email address
5. Government-issued identification document
6. Bank Verification Number (BVN)
7. Bank account information
8. Selfie verification or biometric confirmation

Rigzo may implement tiered verification levels which determine the services and transaction limits available to users.

Verification levels may include:

Access to certain services such as higher transaction limits, withdrawals, or virtual card services may require enhanced verification.

Rigzo maintains internal monitoring systems designed to detect unusual or suspicious activity.

Monitoring procedures may include:

Transactions may be reviewed or temporarily restricted if suspicious activity is detected.

1. Automated transaction monitoring
2. Risk scoring of user activities
3. Blockchain transaction analysis
4. Monitoring of transaction patterns and velocity
5. Identification of suspicious wallet addresses

Rigzo actively monitors for activities that may indicate potential financial crime.

Examples of suspicious activities include:

Where necessary, Rigzo may report suspicious activity to appropriate regulatory authorities in accordance with applicable law.

1. Unusual transaction patterns
2. Rapid movement of funds through multiple accounts
3. Attempts to bypass verification procedures
4. Use of the platform for illegal or sanctioned activities
5. Transactions involving high-risk jurisdictions

Rigzo conducts screening against applicable sanctions lists and politically exposed persons (PEP) databases.

Users may be restricted or denied access to services if they appear on sanctions lists or present a heightened compliance risk.

Rigzo reserves the right to suspend or terminate accounts that violate applicable sanctions regulations.

Rigzo maintains records of identity verification, transactions, and compliance activities as required by applicable regulations.

These records may be retained for a minimum period required under applicable financial laws to support regulatory compliance and investigations.

Rigzo applies a risk-based approach to AML and KYC compliance.

This means that the level of verification, monitoring, and review applied to users may vary depending on:

Higher-risk activities may require additional due diligence.

1. Geographic location
2. Transaction behavior
3. Transaction volume
4. Regulatory risk factors

Rigzo reserves the right to restrict, suspend, or terminate accounts where:

Funds may be temporarily frozen where required by law or regulatory authorities.

1. False or misleading information is provided
2. Suspicious activity is detected
3. AML or KYC requirements are not satisfied
4. Regulatory obligations require such action

Users of the Rigzo platform are expected to:

Failure to comply with these obligations may result in account restrictions.

1. Provide accurate and truthful information
2. Comply with all applicable laws
3. Refrain from using the platform for illegal activities
4. Cooperate with verification and compliance requests

Rigzo may update this AML & KYC Policy from time to time to reflect changes in regulations, technology, or operational practices.

Updated versions will be posted on the Rigzo platform with the revised effective date.

For questions regarding this policy or compliance matters, please use the contact details provided below.