Effective date: 2022-11-15
Money laundering refers to a financial transaction scheme that aims to conceal illicitly obtained money's identity, source, and destination.
Money obtained from crimes such as extortion, insider trading, drug trafficking, and illegal gambling needs to be "cleaned" to appear to have been derived from legal activities so that banks and other financial institutions will deal with it without suspicion.
Gojigi as a responsible company frowns at and is committed to fighting money laundering, and fully complying with anti-money laundering laws in Nigeria. Gojigi will take all reasonable and appropriate steps to prevent persons engaged in money laundering, fraud, or other financial crimes from utilizing our products and services.
Our AML policies, procedures and internal controls are designed to ensure compliance with all applicable BSA regulations and FINRA rules and will be reviewed and updated on a regular basis to ensure appropriate policies, procedures and internal controls are in place to account for both changes in regulations and changes in our business.
In complying with the extant money-laundering laws and regulations, and international best practices for Gift-exchange businesses, we:
a. created a compliance unit which is headed by a compliance officer who spearheads the company’s anti-money laundering policy implementation in line with government policies;
b. are dedicated to the development of vetting systems to manage and mitigate risks of money laundering, discover suspicious transactions and report such transactions to the relevant authorities;
c. review and identify areas of potential money-laundering risks and report such threats to the relevant authorities;
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