Effective Date: 12th September, 2025.
Last Updated: 20th September, 2025.

At JaoTech Gworld Limited, we are committed to maintaining the highest standards of compliance with applicable Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations in Nigeria and across the international jurisdictions where we operate.

This AML/KYC Policy is designed to protect our company, clients, and partners against fraud, money laundering, terrorist financing, cybercrime, and illicit financial activities.

1. Purpose of the Policy

The purpose of this policy is to:

1. Establish clear AML/KYC procedures for all clients engaging with JaoTech Gworld Limited.

2. Ensure compliance with Nigerian regulations including:

Central Bank of Nigeria (CBN) AML/CFT guidelines.

Nigeria Data Protection Regulation (NDPR).

Companies and Allied Matters Act (CAMA).

Cybercrime (Prohibition, Prevention, etc.) Act, 2015.

3. Comply with international frameworks such as:

FATF (Financial Action Task Force) recommendations.

EU AML Directives.

FinCEN (U.S. Financial Crimes Enforcement Network) guidelines.

4. Prevent the misuse of our services for money laundering, terrorist financing, fraud, scams, or unlawful activity.

2. Scope of Application

This policy applies to all services provided by JaoTech Gworld Limited, including:

IT, software, and blockchain solutions.

Website, mobile app, and fintech development.

Training programs and digital services.

Consulting and advisory engagements.

Payments received in fiat currency (Naira, USD, EUR, GBP, etc.) or cryptocurrency (BTC, ETH, USDT, and others).

3. Customer Identification (KYC)

Before engaging in business with any client, JaoTech Gworld Limited requires the following:

3.1. Individual Clients

Full legal name.

Valid government-issued identification (Passport, National ID Card, Driver’s License, Voter’s Card).

Proof of address (Utility bill, bank statement, tenancy agreement).

Contact details (email, phone, residential address).

Selfie or liveness check (for crypto-related engagements).

3.2. Corporate/Business Clients

Certificate of Incorporation (CAC in Nigeria or international equivalent).

Memorandum & Articles of Association (where applicable).

Proof of registered address.

Board resolution authorizing the business relationship.

Identification documents of directors and ultimate beneficial owners (UBOs).

4. Risk-Based Approach

We adopt a risk-based approach (RBA) to compliance:

Low-Risk Clients: Individuals with transparent ID and low transaction volume.

Medium-Risk Clients: Businesses in regulated industries or with moderate crypto exposure.

High-Risk Clients: Politically Exposed Persons (PEPs), clients from sanctioned jurisdictions, or those dealing in large crypto/fiat transfers.

Enhanced Due Diligence (EDD) will be applied where risk is high.

5. Transaction Monitoring

JaoTech Gworld Limited continuously monitors client activity to detect:

Unusual transaction patterns.

Large or unexplained transfers.

High-frequency crypto conversions.

Transactions involving sanctioned wallets, blacklisted addresses, or high-risk countries.

Monitoring tools may include blockchain analytics, AML screening databases, and internal compliance reviews.

6. Prohibited Activities

We strictly prohibit use of our services for:

Money laundering or terrorist financing.

Fraud, Ponzi schemes, pyramid schemes, or scams.

Use of sanctioned digital wallets or entities (OFAC, EU, UN, CBN blacklists).

Illegal online gambling or unlicensed financial activities.

Child exploitation, human trafficking, arms/drugs trade, or related crimes.

7. Reporting & Cooperation with Authorities

Suspicious transactions will be reported to the Nigerian Financial Intelligence Unit (NFIU) and other relevant regulators.

We will cooperate with law enforcement agencies (EFCC, Interpol, CBN, SEC, NDIC, etc.) when required.

Clients may be asked to provide additional documentation at any time.

8. Data Protection & Privacy

All personal data collected for AML/KYC purposes will be handled in compliance with the Nigeria Data Protection Regulation (NDPR) and international privacy laws like GDPR.

Information will only be shared with regulators or law enforcement where legally required.

9. Consequences of Non-Compliance

If a client fails or refuses to provide necessary documentation, or if suspicious activity is detected:

Services may be withheld or terminated.

Accounts may be frozen pending investigation.

Refunds will not be issued where compliance obligations are breached.

Reports may be filed with regulatory authorities.

10. Policy Updates

This AML/KYC Policy is subject to periodic updates in line with changes to Nigerian or international laws, financial regulations, or company procedures.

11. Contact Information

For AML/KYC-related inquiries, clients may contact:

JaoTech Gworld Limited
No. 2, Victory Junction, New Lagos Road, Benin City, Edo State, Nigeria.
Email: jaotechgworld@gmail.com
Phone: +2349065972816