AML Policy

At SkyDrive, we are dedicated to providing a secure and compliant environment for all digital transactions. Our Anti-Money Laundering (AML) Policy is designed to prevent, detect, and mitigate any potential misuse of our platform, whether for money laundering, fraud, or terrorist financing activities.

As a Virtual Top-Up (VTU) and bill management app with an integrated wallet system, SkyDrive complies with the highest standards of regulatory requirements. We adhere to all relevant laws and regulations in Nigeria and Ghana, following the guidelines provided by each country’s financial regulatory bodies. To maintain a secure platform, we have implemented the following measures:

1. Customer Due Diligence (CDD)

All users on SkyDrive are required to complete a comprehensive Know Your Customer (KYC) process. This involves submitting valid identification, proof of address, and other necessary documentation to verify the identity of each user. These measures help us confirm that all users meet our standards of compliance and trustworthiness.

2. Ongoing Monitoring

SkyDrive continuously monitors transactions on our platform. Transactions that appear unusual or deviate from a user’s normal behavior are flagged for further investigation by our compliance team. This proactive monitoring allows us to swiftly address any potential risks or irregular activities.

3. Reporting Suspicious Activities

SkyDrive is committed to promptly reporting any suspicious transactions to the appropriate regulatory authorities. By doing so, we ensure that any potential illicit activities are intercepted and addressed as quickly as possible to maintain the safety and integrity of our platform.

4. Employee Training

Our team members undergo regular training to stay updated on the latest AML practices and regulatory requirements. This training equips them with the knowledge to identify, assess, and respond to AML risks effectively.

5. Record Keeping

SkyDrive retains transactional and user verification records for a minimum of five years. This policy supports transparency and compliance with regulatory authorities, aiding in any audits or investigations that may arise in the future.

6. User Vigilance

We ask all our users to remain vigilant and ensure that their transactions align with the legal standards of their respective countries. Any attempts to engage in illegal or suspicious activities on SkyDrive will lead to immediate account suspension and legal action as necessary.

SkyDrive is committed to building and maintaining the trust of our users by providing a secure platform for all digital transactions. We actively collaborate with regulatory bodies to uphold the integrity of our services and safeguard our community.

Contact Us If you have any questions regarding this AML Policy, please reach out to us through our website at www.skydrive.one or via our customer support on the SkyDrive app.

SkyDrive values your trust and remains steadfast in our commitment to creating a safe, compliant, and user-friendly platform for all.