AML & KYC Policy

2. PURPOSE OF THIS POLICY

The purpose of this Policy is to:

• Prevent the use of MyPassyApp for illegal activities.
• Verify the identity of our users.
• Detect and report suspicious activity where required.
• Protect our users and our Platform from fraud and financial crime.
• Comply with applicable legal and regulatory obligations.

3. IDENTITY VERIFICATION (KYC)

Before users can access certain services, we may require identity verification.

Depending on the service being used, users may be asked to provide:

• Full name
• Date of birth
• Phone number
• Email address
• Selfie
• BVN
• One valid government-issued means of identification, such as:
  • NIN
  • Driver's License
  • International Passport
  • Voter's Card

We may request additional information where necessary to verify a user's identity.

4. ONGOING MONITORING

To help protect our Platform, we continuously monitor accounts and transactions for unusual or suspicious activity.

Monitoring may include:

• Login activity
• Transaction patterns
• Account behavior
• Multiple account detection
• High-risk transactions
• Unusual withdrawal or deposit activity

5. SUSPICIOUS ACTIVITY

We reserve the right to investigate activity that appears unusual or suspicious.

Examples include:

• Providing false information.
• Using fake or altered identification documents.
• Attempting to bypass verification requirements.
• Using another person's identity.
• Unusual transaction patterns.
• Suspected fraud or other criminal activity.

Where required by law, we may report suspicious activity to the appropriate authorities.

6. ACCOUNT RESTRICTIONS

To protect our users and comply with legal obligations, we may temporarily restrict, suspend or close an account if:

• Identity verification cannot be completed.
• Fraud is suspected.
• False information has been provided.
• Suspicious activity is detected.
• We are required to do so by law or a regulatory authority.

Where appropriate, we may request additional information before restoring access.

7. RECORD KEEPING

We maintain records of customer identification, transactions, and other information required for legal, regulatory, compliance, fraud prevention, audit, and security purposes.

8. USER RESPONSIBILITIES

Users are responsible for:

• Providing accurate and truthful information.
• Keeping account information up to date.
• Protecting their login credentials.
• Cooperating with verification requests when required.

9. CHANGES TO THIS POLICY

We may update this Policy from time to time.

When significant changes are made, we will update the Last Updated date and publish the revised Policy on our Platform.

10. CONTACT US

If you have any questions about this AML & KYC Policy, please contact us.

Passy Empire Ltd.

Email: [email protected]

Phone: +234 911 666 6667

Website: mypassyapp.co