Anti-Money Laundering (AML) Policy

Effective Date: January 1, 2026
Mswahili Technologies is committed to preventing money laundering, terrorist financing, and other financial crimes across its platforms, including Bantu Soko, Bantu Dereva, and Kadi.

1. Purpose

This policy establishes measures to detect, prevent, and report suspicious activities in compliance with applicable laws and international standards.

2. Customer Due Diligence (CDD)

We may verify user identities using information such as phone numbers, identification documents, and transaction history. Enhanced verification may be required for high-risk users or transactions.

3. Transaction Monitoring

We monitor transactions for unusual or suspicious patterns, including abnormal volumes, rapid movements of funds, or inconsistent behavior.

4. Reporting Obligations

Where required by law, we may report suspicious transactions or activities to relevant regulatory or law enforcement authorities without prior notice to the user.

5. Risk-Based Approach

We apply a risk-based approach to identify and mitigate financial crime risks, considering factors such as user behavior, geography, and transaction type.

6. Record Keeping

We retain records of transactions and identity verification data for a period required by applicable laws and regulatory obligations.

7. Prohibited Activities

Users must not use the platform for:

Money laundering or concealment of funds
Financing illegal activities or terrorism
Fraudulent or deceptive transactions

8. Enforcement

We reserve the right to suspend accounts, restrict transactions, or terminate services where suspicious activity is detected or legal requirements are triggered.

9. Updates to Policy

This AML Policy may be updated periodically to reflect regulatory changes and operational improvements.

Contact

Mswahili Technologies
Email: info@mswahili.com
Website: https://mswahili.com