Anti-Money Laundering (AML)
& Risk Policy

Maintaining a safe and compliant financial ecosystem.

Introduction

HwebPay is committed to the highest standards of Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) compliance. We operate in strict adherence to Nigerian financial regulations and international best practices.

Our AML Framework

1

Know Your Customer (KYC/KYB)

We verify the identity of every business and individual on our platform using government-issued IDs, bank verification numbers (BVN), and corporate registration documents.

2

Transaction Monitoring

Our automated systems monitor transactions in real-time for suspicious patterns, unusual volumes, or high-risk geographic locations.

3

Sanction Screening

We screen all merchants against global sanction lists (OFAC, UN, PEP) to ensure we do not facilitate restricted entities.

Risk Management

We categorize merchants based on their industry, transaction history, and business model. High-risk industries are subject to enhanced due diligence (EDD) and may have specific processing limits or rolling reserves.

Reporting

HwebPay cooperates fully with law enforcement and regulatory bodies. We file Suspicious Transaction Reports (STRs) and Currency Transaction Reports (CTRs) where required by law.

For more information on our compliance framework, please contact compliance@hwebpay.com