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AML & KYC Policy

AFRICHANGE TECHNOLOGIES LIMITED (“AFRICHANGE”), has registered with the Financial Transactions Reports Analysis Centre of Canada ("FINTRAC") as a money service business and able to provide foreign exchange dealings and money transfer services to customers resident in Canada.

In accordance with the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (“PCMLTFA” or the “Act”) and associated regulations, Africhange has implemented a compliance program that includes:

  • Compliance officer: The appointment of a chief anti-money laundering officer to supervise the AML/KYC team
  • Compliance policies and procedures including AML/Compliance policy, Executing Know Your Customer (“KYC”) procedures, Ongoing monitoring and business relationship, Record keeping requirements, Transaction reporting requirements
  • Risk assessment to evaluate all risks related to money laundering and terrorist financing
  • Ongoing compliance training program for our AML/KYC Compliance team
  • Two-year effectiveness review of our Policy

For more information on our AML/KYC policy, please send an email to [email protected]