AML / CFT Policy

InversePay Africa Limited. (InversePay) is committed to fighting money laundering and complying fully with anti-money laundering legislations. We understand that we have responsibilities to help fight the global battle against money laundering, and our commitment will supersede all other privacy obligations contained in our policies.

Money laundering is the process whereby the financial proceeds of a crime are disguised to give the impression of legitimate income. Often criminals target financial service providers through which they attempt to launder criminal proceeds without raising suspicion.

Accordingly, in order to comply with applicable AML/CTF legislations, InversePay has implemented systems and controls that meet the standards applicable to regulated sectors such as banking.

InversePay's AML and CTF framework includes establishing and maintaining a risk-based approach to customer due diligence, including customer identification, verification, and KYC procedures.

There is also an independent AML/CTF Compliance function at InversePay, executed by a designated Compliance Officer who regularly updates management and the board.

InversePay will identify and assess risks related to new products, technologies, service delivery channels, and new AML regulations affecting its services.

InversePay shall ensure timely and accurate rendition of all AML/CFT returns and exercise due diligence in identifying and reporting suspicious transactions.