AML/KYC Policy
Learn how Billey complies with Anti-Money Laundering and Know Your Customer regulations.
1. Policy Statement & Purpose
Billey Technologies Limited is committed to complying with applicable Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations in Nigeria.
2. Scope
This policy applies to all users, employees, contractors, and partners using or supporting the Billey platform.
3. Compliance Officer
Billey maintains internal compliance procedures and designated officers responsible for AML/KYC oversight.
4. Customer Identification & KYC
- Identity verification before account activation.
- Collection of government-issued identification.
- Verification of phone numbers and email addresses.
- Enhanced due diligence where necessary.
5. Transaction Monitoring
Transactions may be monitored for suspicious activity, fraud prevention, and compliance with regulatory requirements.
6. Suspicious Activity Reporting
Billey reserves the right to report suspicious transactions or activities to relevant regulatory and law enforcement agencies where required by law.
7. Record Retention
User identification and transaction records may be retained for periods required by applicable financial regulations.
8. Risk-Based Approach
Billey applies a risk-based compliance framework to evaluate users, transactions, and business relationships.
9. Contact Information
- Billey Technologies Limited
- compliance@billey.com
- Lagos, Nigeria
