KYC, AML & Account Review Policy

1. Information requests

SW Global Pay may request identity, business, transaction or source information where reasonably necessary to operate safely, comply with applicable law, satisfy payment-provider requirements or investigate suspicious activity.

Verification requirements may depend on account activity, transaction volume, risk profile, payment-provider requirements and the features requested.

2. Review methods

SW Global Pay may use manual review or approved verification providers.

Until an automated verification provider is enabled, accounts are not represented as automatically KYC-verified.

3. Working with regulated providers

The Central Bank of Nigeria applies a risk-based approach to anti-money-laundering and counter-terrorist-financing supervision of the banks, payment service providers and other institutions it regulates. SW Global Pay works with regulated payment providers and may adopt controls those providers require. SW Global Pay does not claim to hold its own Central Bank of Nigeria licence.

4. Restrictions

SW Global Pay may restrict or suspend an account where identification cannot be verified, activity appears suspicious, information is inconsistent or a provider or regulator requires further review.