Anti-Money Laundering and Counter-Terrorist Financing Policy (AML/CTF)
Our Commitment
Akua Technology Holding LTD maintains zero tolerance for activities related to money laundering, terrorist financing, and financial fraud. We are committed to the highest standards of legal compliance and operational integrity.
What We Do
Identification and Verification
- We conduct rigorous identity verification processes (KYC) for all our clients
- We apply due diligence procedures appropriate to each partner's risk profile
- We maintain updated information on the ownership structure and governance of our clients
Continuous Monitoring
- We use automated systems to monitor transactions in real-time
- We perform behavioral analysis to identify suspicious patterns
- We continuously verify international sanctions lists and politically exposed persons (PEPs)
Risk Assessment
- We adopt a risk-based approach to classify clients and transactions
- We apply controls proportional to the identified risk level
- We periodically review the risk profiles of our partners
Our Responsibilities
Reporting Suspicious Activities
We investigate and report to competent authorities any activity that may indicate:
- Money laundering
- Terrorist financing
- Financial fraud
- Violations of international sanctions
Training
All our employees receive annual training on:
- Identification of suspicious activities
- Compliance procedures
- Applicable regulations
- Industry best practices
Record Keeping
- We maintain detailed records for at least 5 years
- We ensure documentation availability for regulatory audits
- We protect information confidentiality
Regulatory Compliance
We fully comply with:
- Bank Secrecy Act (BSA)
- USA PATRIOT Act
- Financial Action Task Force (FATF) Recommendations
- Local legislation in each jurisdiction where we operate
Enforcement Actions
We reserve the right to:
- Suspend or terminate relationships with non-compliant clients
- Block suspicious transactions
- Report relevant findings to authorities and payment card networks
- Remove merchants from our platform when necessary
Our Values
- Transparency: We maintain clear and documented processes
- Integrity: We act ethically in all operations
- Accountability: We protect our clients and the financial system
- Vigilance: We continuously monitor to prevent financial crimes
Communication Channel
Employees, partners, and clients can report suspicious activities through our official compliance channels, ensuring confidentiality and protection against retaliation.
This document is a simplified version intended to provide an overview of Akua’s principles and commitments on this matter. The company maintains full and detailed versions of its policies in its internal database, which may be shared with clients, suppliers, partners, investors, or regulatory authorities upon request.
This policy is reviewed annually and updated as necessary to reflect regulatory changes and industry best practices.
Last updated: November 2025
