WrappedCBDC AML Policy Statement
Anti-Money Laundering (AML) Policy Statement
At WrappedCBDC Limited, we are committed to preventing and detecting money laundering and terrorist financing activities. We are committed to upholding the highest standards of Anti-Money Laundering (AML), Counter-Terrorist Financing (CTF), Counter Prolifering Financing (CPF), and Financial Crime Compliance. Our AML/CTF/CPF framework is designed to ensure compliance with Nigerian and global financial regulations, safeguarding the integrity of our platform and protecting users from illicit activities.
Our Commitment to Compliance
1. Know Your Business (KYB) & Due Diligence
We verify all users through robust KYB/Customer Due Diligence (CDD) procedures before granting access to our services.
2. Transaction Monitoring
We employ real-time monitoring to detect and prevent suspicious activities, ensuring compliance with regulatory requirements.
3. Sanctions & PEP Screening
We screen all users against international sanctions lists and Politically Exposed Persons (PEP) databases to mitigate risks.
4. Suspicious Activity Reporting (SARs/STRs)
We promptly report any suspected money laundering or financial crime to relevant authorities in compliance with the Nigerian Financial Intelligence Unit (NFIU) and global AML standards.
5. Regulatory Compliance
We adhere to AML/CTF/CPF laws set by the Central Bank of Nigeria (CBN), Securities Exchange Commission (SEC), the Nigerian Financial Intelligence Unit (NFIU), and global regulatory bodies, ensuring transparency and accountability. In addition, WrappedCBDC Limited is provisionally licensed by SEC as a Digital Asset Offering Platform for cNGN.
6. Ongoing AML Training
Our team undergoes continuous AML/CTF/CPF training to stay ahead of evolving compliance threats. We continuously review and update policies to adhere to AML requirements and protect the integrity of WrappedCBDC operations.
We remain committed to fostering a secure, transparent, and compliant digital financial ecosystem with cNGN. By using cNGN, users acknowledge and agree to comply with these practices, ensuring that our platform remains secure and transparent. We continuously review and improve our policies to address emerging risks and to maintain a secure digital currency ecosystem.
For inquiries about our AML/CTF/CPF policies, please contact compliance@cngn.co WrappedCBDC Limited Team