Our Commitment to Legal Compliance and Financial Integrity
JaoTech Gworld Limited is fully committed to the prevention of money laundering, terrorist financing, and financial crime. This AML/KYC Policy sets out the procedures we follow to verify the identity of our clients, assess transaction risk, and comply with Nigerian and international law.
CompanyJaoTech Gworld Limited
RC NumberRC 8808001
Effective DateSeptember 21, 2025
AddressNo.2, Victory Junction, New Lagos Road, Benin City, Edo State, Nigeria
01 Introduction
JaoTech Gworld Limited is a registered technology solutions company incorporated under Nigerian law (RC 8808001). As a company that provides FinTech services, cryptocurrency solutions, blockchain products, and other digital financial tools, we are committed to operating with the highest standards of legal compliance and financial integrity.
This Anti-Money Laundering and Know Your Customer Policy ("AML/KYC Policy") describes the procedures and controls we maintain to detect, prevent, and report money laundering, terrorist financing, and other forms of financial crime in connection with our services.
02 Legal and Regulatory Framework
Our AML/KYC procedures are designed to comply with the following regulatory frameworks:
Money Laundering (Prevention and Prohibition) Act, Nigeria
Central Bank of Nigeria (CBN) AML/CFT Guidelines
Nigeria Financial Intelligence Unit (NFIU) Regulations
FATF Recommendations (International)
Nigeria Data Protection Regulation (NDPR)
Companies and Allied Matters Act (CAMA)
We keep our compliance framework updated as Nigerian and international regulations evolve. Where our services reach international clients, we apply equivalent international standards.
03 Scope of This Policy
This policy applies to:
- All clients engaging JaoTech Gworld Limited for FinTech, blockchain, or cryptocurrency services.
- All clients making payments in cryptocurrency to JaoTech Gworld Limited.
- All clients making large-value payments above thresholds set by applicable law.
- Business clients and organisations where enhanced due diligence is required.
- Any transaction or engagement that presents indicators of financial crime risk.
Standard service clients and training program enrollees may not require full KYC verification unless their transactions trigger risk thresholds or payment method requirements.
04 Know Your Customer (KYC) Procedures
JaoTech Gworld Limited conducts KYC checks to verify the identity of clients before providing certain services or processing certain payments. Our KYC process includes the following stages:
01
Customer Identification
We collect basic identifying information, full name, date of birth, nationality, residential address, phone number, and email address, to establish who you are before engaging our services.
02
Document Verification
We request and verify one or more government-issued identity documents and, where required, proof of address. See Section 5 for the list of acceptable documents.
03
Risk Assessment
We assess the risk level associated with the client and the transaction based on factors including country of origin, transaction value, payment method, and nature of the service requested.
04
Enhanced Due Diligence (EDD)
For high-risk clients, large-value transactions, or crypto payments, we apply enhanced due diligence including source of funds verification, beneficial ownership identification, and additional document checks.
05
Ongoing Monitoring
We monitor client relationships and transaction patterns on an ongoing basis to detect unusual or suspicious activity and to ensure our risk assessments remain current and accurate.
05 Documents We May Request
For Individual Clients
- National Identity Card (NIN slip or e-ID card)
- International Passport (bio-data page)
- Driver's Licence
- Bank Verification Number (BVN) confirmation
- Proof of residential address, utility bill, bank statement, or tenancy agreement not older than 3 months
- Selfie or live photograph for biometric verification where required
For Business Clients and Organisations
- Certificate of Incorporation or equivalent registration document
- Memorandum and Articles of Association
- CAC Form CO7 or equivalent showing directors and shareholders
- Tax Identification Number (TIN)
- Proof of registered business address
- Identity documents for directors, beneficial owners, and authorised signatories
We will only request the minimum documentation necessary for the level of verification required. All documents are handled with strict confidentiality and stored securely in accordance with our Privacy Policy.
06 Cryptocurrency Payments and AML
JaoTech Gworld Limited accepts cryptocurrency payments including Bitcoin (BTC), Ethereum (ETH), USDT, Pi Coin, and CORE. Given the anonymous nature of some cryptocurrency transactions, we apply enhanced AML controls for all crypto payments:
- All cryptocurrency payments above a minimum threshold will require identity verification before the service is rendered.
- We may request proof of the origin of cryptocurrency funds for large-value transactions.
- We reserve the right to refuse cryptocurrency payments from wallets associated with sanctioned entities, mixers, or high-risk sources identified through blockchain analytics.
- Clients are required to confirm that the cryptocurrency they send is from legitimate sources and is not the proceeds of crime.
- We do not knowingly accept payments from wallets on international sanctions lists or those flagged by relevant financial intelligence authorities.
Important: Providing false information about the source of cryptocurrency funds or attempting to use our services to launder illicit funds is a serious criminal offence under Nigerian law and will be reported to the relevant authorities.
07 Risk Assessment and Client Categorisation
We assess risk at the client and transaction level using the following factors:
- Low Risk: Individual Nigerian clients paying for standard services via bank transfer or Paystack with verifiable identity.
- Medium Risk: International clients, clients paying in cryptocurrency, or transactions above NGN 5,000,000 equivalent.
- High Risk: Clients from high-risk jurisdictions as defined by FATF, politically exposed persons (PEPs), clients with unusual transaction patterns, or clients unable to provide satisfactory documentation.
High-risk clients are subject to enhanced due diligence and may be required to provide additional documentation, undergo additional verification steps, or accept delayed service commencement pending completion of checks.
08 Suspicious Activity Reporting
JaoTech Gworld Limited is committed to reporting suspicious activity to the appropriate Nigerian authorities in accordance with the law. We will report suspicious transactions or activities where we have reasonable grounds to suspect:
- Funds are the proceeds of criminal conduct.
- A transaction is connected to terrorist financing or the evasion of sanctions.
- A client has provided false or misleading identity information.
- A transaction has no apparent legitimate business purpose.
- A client is attempting to structure transactions to avoid reporting thresholds.
Reports will be made to the Nigerian Financial Intelligence Unit (NFIU) and, where applicable, to law enforcement agencies. We are prohibited by law from tipping off a client that a report has been or may be made.
Tipping Off Notice: If you are subject to a suspicious activity investigation, we are legally prohibited from informing you of that investigation. This is required under Nigerian AML law.
09 Data Storage and Security
All identity documents and verification data collected as part of our KYC process are:
- Stored securely with access restricted to authorised personnel only.
- Retained for a minimum of five years from the end of the client relationship, or longer where required by law.
- Protected by technical and organisational security measures consistent with our Privacy Policy.
- Never sold to third parties or used for any purpose other than compliance and service delivery.
Please refer to our Privacy Policy for full details on how we handle and protect personal data.
10 Right to Decline Services
JaoTech Gworld Limited reserves the right to decline, suspend, or terminate services to any client in the following circumstances:
- The client fails or refuses to provide required KYC documentation within a reasonable timeframe.
- The client provides false, incomplete, or misleading identity information.
- A transaction triggers AML risk flags that cannot be resolved to our satisfaction.
- The client is identified on a sanctions list or is a prohibited person under applicable law.
- We have reasonable grounds to suspect financial crime in connection with the client or transaction.
Where permitted by law, we will notify the client that their service request has been declined. No refund is available for payments already made where services are declined on AML/KYC grounds following a good-faith compliance assessment.
11 Staff Awareness and Training
All JaoTech Gworld Limited team members who handle client payments, identity verification, or financial transactions receive training on AML/KYC obligations. This training covers recognition of suspicious activity, proper handling of identity documents, reporting procedures, and applicable legal obligations. Training is reviewed and updated regularly.
12 Record Keeping
We maintain records of all KYC documentation, transaction records, and compliance assessments for a minimum period of five years from the date of the transaction or the end of the client relationship, whichever is later. Records are retained in a secure, accessible format to facilitate regulatory inspections or law enforcement requests where required by law.
13 Your Rights Under This Policy
- You have the right to know that KYC checks are being conducted before they are carried out, except where disclosure is prohibited by law.
- You have the right to access the personal data we hold about you in connection with KYC, subject to legal retention and disclosure obligations.
- You have the right to request correction of inaccurate KYC data we hold about you.
- You have the right to withdraw from a transaction or engagement if you are not comfortable with our verification requirements, subject to the refund terms in our Refund Policy.
14 Policy Updates
This AML/KYC Policy will be reviewed and updated periodically to reflect changes in Nigerian law, international standards, and our business operations. The current version is always available at jaotechgworld.com. Continued use of our services after an update constitutes acceptance of the revised policy.
15 Contact Us
For questions about our AML/KYC procedures, verification requirements, or compliance matters, please contact us using the details below.