KYC & AML Policy — Servora Enterprise Limited™

Effective date: [Effective date]

1. Purpose

This policy is designed to prevent misuse of ServoraPrise services for money laundering, terrorist financing, fraud, or other financial crimes, while enabling secure and legitimate commerce.

2. When We Verify

We perform identity verification for users, vendors, and agents before transactions. The level of verification depends on risk and transaction value.

3. Verification Steps

1. Basic verification: name, email, phone.
2. Identity documents: National ID/NIN, Driver’s Licence, or International Passport.
3. Proof of address: Utility bill or Bank statement (not older than 3 months).
4. Liveness selfie / facial recognition for higher-risk accounts.
5. Source of funds documentation for large transactions (e.g., bank statement, crypto wallet history).

4. Risk-Based Approach

We assess transaction and customer risk. For high-risk or politically exposed persons (PEPs), we apply enhanced due diligence including senior management review and additional documentation. We may impose limits, request further information, or decline transactions.

5. Reporting & Record Keeping

We report suspicious transactions to the Nigerian Financial Intelligence Unit (NFIU) and comply with lawful regulatory requests. KYC records and transaction logs are retained for at least 5 years after the end of a business relationship.

6. Refusal & Suspension

We reserve the right to refuse service, suspend accounts, or freeze funds where illicit activity is suspected.

7. Compliance Oversight

A designated compliance officer monitors adherence to this policy and regulatory obligations.

8. Contact

For compliance inquiries, contact:
Email: privacy@servoraprise.com