Anti-Money Laundering & Counter-Terrorist Financing Statement

ZERTH PAY is firmly committed to preventing money laundering, terrorist financing, and all forms of financial crime in accordance with Nigerian and international laws.

1. Our Commitment

ZERTH PAY has established robust policies, controls, and procedures to detect and deter money laundering and terrorist financing in line with the CBN’s AML/CFT Regulations and the Nigerian Financial Intelligence Unit (NFIU) directives.

2. Objectives

  • Prevent the use of our platform for money laundering or terrorist financing
  • Identify and report suspicious transactions to relevant authorities
  • Comply fully with all regulatory reporting obligations

3. Customer Due Diligence (CDD)

ZERTH PAY employs strict Know Your Customer (KYC) procedures to verify the identity of all users, merchants, and agents before providing services. This includes:

  • Identity verification (e.g., NIN, BVN, valid ID)
  • Ongoing monitoring of user activity
  • Enhanced due diligence for high-risk users or transactions

4. Monitoring & Reporting

We monitor transactions in real-time for unusual patterns or suspicious behavior. If a transaction is deemed suspicious, it is reported to the Nigerian Financial Intelligence Unit (NFIU) through the appropriate channels.

5. Staff Training

All ZERTH PAY employees and agents undergo regular training on AML/CFT awareness, detection techniques, and reporting procedures, in line with CBN guidelines.

6. Regulatory Compliance

ZERTH PAY adheres strictly to all applicable Nigerian and international financial regulations, including:

  • CBN AML/CFT Regulations (2022)
  • NFIU Act
  • NDIC Guidelines
  • FATF Recommendations

7. Risk-Based Approach

We use a risk-based approach to assess and mitigate potential exposure to money laundering and terrorist financing threats, ensuring that high-risk accounts and services receive appropriate scrutiny.

8. Cooperation with Authorities

ZERTH PAY fully cooperates with regulatory bodies, law enforcement, and the judiciary when investigating suspected illicit activities and fulfills all obligations under Nigerian law.

9. Contact

If you suspect a suspicious transaction or need to report unusual activity, contact:

Email: compliance@zerthpay.com

Phone: +234 [Your AML Reporting Line]

Last updated: April 15, 2025

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