1. Introduction

 

Xclusiv Retail Marketplace Innovation ("the Platform") is committed to preventing the use of its services for money laundering, terrorist financing, or any other illegal activities. This Anti-Money Laundering (AML) Policy outlines our commitment to compliance with applicable laws and regulations, including those related to AML and counter-terrorism financing (CTF).

 

2. Compliance Officer

 

2.1. Xclusiv Marketplace designates a Compliance Officer responsible for overseeing the implementation and enforcement of this AML Policy. The Compliance Officer ensures that all employees and users of the Platform are aware of their obligations under this Policy and applicable AML laws and regulations.

 

3. Customer Due Diligence (CDD)

 

3.1. Xclusiv Marketplace conducts Customer Due Diligence (CDD) measures to verify the identity of users and to assess their risk level. This may include collecting and verifying information such as name, address, date of birth, and government-issued identification documents.

 

3.2. Enhanced Due Diligence (EDD) may be conducted for users identified as high-risk based on factors such as transaction volume, geographic location, or suspicious activity.

 

4. Transaction Monitoring

 

4.1. Xclusiv Marketplace implements transaction monitoring systems to detect and prevent suspicious activity. This includes monitoring for unusual patterns of transactions, large or frequent transactions, and transactions involving high-risk jurisdictions or individuals.

 

4.2. Any suspicious activity detected is promptly investigated, and appropriate action is taken, including reporting to the relevant authorities as required by law.

 

5. Record Keeping

 

5.1. Xclusiv Marketplace maintains accurate and up-to-date records of all transactions and customer interactions in accordance with applicable laws and regulations. These records are securely stored and made available to regulatory authorities upon request.

 

6. Training and Awareness

 

6.1. Xclusiv Marketplace provides regular training to employees on AML and CTF laws, regulations, and best practices. Training includes identifying suspicious activity, customer due diligence procedures, and reporting requirements.

 

7. Reporting Obligations

 

7.1. Xclusiv Marketplace complies with all reporting obligations under applicable AML and CTF laws and regulations. This includes reporting suspicious transactions to the appropriate authorities and cooperating with law enforcement agencies as required.

 

8. Compliance with Sanctions

 

8.1. Xclusiv Marketplace screens users and transactions against relevant sanctions lists to ensure compliance with sanctions laws and regulations. Transactions involving sanctioned individuals or entities are prohibited.

 

9. Whistleblower Policy

 

9.1. Xclusiv Marketplace encourages employees and users to report any suspected violations of this AML Policy or any illegal activities. Reports can be made anonymously, and protections are provided for whistleblowers against retaliation.

 

10. Review and Updates

 

10.1. This AML Policy is subject to periodic review and updates to ensure continued compliance with evolving legal and regulatory requirements. Any changes to the Policy will be communicated to employees and users in a timely manner.

 

11. Contact Information

 

11.1. For questions or concerns about this AML Policy, please contact the Compliance Officer at 6 Dan Adala Office Suites, UDB Road, Kano, Nigeria. support@xclusiv.info. www.xclusiv.info.

By using the Platform, users acknowledge their acceptance of and commitment to comply with this AML Policy. Failure to adhere to this Policy may result in account suspension or termination and may be reported to the relevant authorities.

1. Introduction

 

Xclusiv Marketplace ("the Platform") is committed to preventing the use of its services for money laundering, terrorist financing, or any other illegal activities. This Anti-Money Laundering (AML) Policy outlines our commitment to compliance with applicable laws and regulations, including those related to AML and counter-terrorism financing (CTF).

 

2. Compliance Officer

 

2.1. Xclusiv Marketplace designates a Compliance Officer responsible for overseeing the implementation and enforcement of this AML Policy. The Compliance Officer ensures that all employees and users of the Platform are aware of their obligations under this Policy and applicable AML laws and regulations.

 

3. Customer Due Diligence (CDD)

 

3.1. Xclusiv Marketplace conducts Customer Due Diligence (CDD) measures to verify the identity of users and to assess their risk level. This may include collecting and verifying information such as name, address, date of birth, and government-issued identification documents.

 

3.2. Enhanced Due Diligence (EDD) may be conducted for users identified as high-risk based on factors such as transaction volume, geographic location, or suspicious activity.

 

4. Transaction Monitoring

 

4.1. Xclusiv Marketplace implements transaction monitoring systems to detect and prevent suspicious activity. This includes monitoring for unusual patterns of transactions, large or frequent transactions, and transactions involving high-risk jurisdictions or individuals.

 

4.2. Any suspicious activity detected is promptly investigated, and appropriate action is taken, including reporting to the relevant authorities as required by law.

 

5. Record Keeping

 

5.1. Xclusiv Marketplace maintains accurate and up-to-date records of all transactions and customer interactions in accordance with applicable laws and regulations. These records are securely stored and made available to regulatory authorities upon request.

 

6. Training and Awareness

 

6.1. Xclusiv Marketplace provides regular training to employees on AML and CTF laws, regulations, and best practices. Training includes identifying suspicious activity, customer due diligence procedures, and reporting requirements.

 

7. Reporting Obligations

 

7.1. Xclusiv Marketplace complies with all reporting obligations under applicable AML and CTF laws and regulations. This includes reporting suspicious transactions to the appropriate authorities and cooperating with law enforcement agencies as required.

 

8. Compliance with Sanctions

 

8.1. Xclusiv Marketplace screens users and transactions against relevant sanctions lists to ensure compliance with sanctions laws and regulations. Transactions involving sanctioned individuals or entities are prohibited.

 

9. Whistleblower Policy

 

9.1. Xclusiv Marketplace encourages employees and users to report any suspected violations of this AML Policy or any illegal activities. Reports can be made anonymously, and protections are provided for whistleblowers against retaliation.

 

10. Review and Updates

 

10.1. This AML Policy is subject to periodic review and updates to ensure continued compliance with evolving legal and regulatory requirements. Any changes to the Policy will be communicated to employees and users in a timely manner.

 

11. Contact Information

 

11.1. For questions or concerns about this AML Policy, please contact the Compliance Officer at 6 Dan Adala Office Suites, UDB Road, Kano, Nigeria. support@xclusiv.info. www.xclusiv.info.

By using the Platform, users acknowledge their acceptance of and commitment to comply with this AML Policy. Failure to adhere to this Policy may result in account suspension or termination and may be reported to the relevant authorities.

1. Introduction

 

Xclusiv Marketplace ("the Platform") is committed to preventing the use of its services for money laundering, terrorist financing, or any other illegal activities. This Anti-Money Laundering (AML) Policy outlines our commitment to compliance with applicable laws and regulations, including those related to AML and counter-terrorism financing (CTF).

 

2. Compliance Officer

 

2.1. Xclusiv Marketplace designates a Compliance Officer responsible for overseeing the implementation and enforcement of this AML Policy. The Compliance Officer ensures that all employees and users of the Platform are aware of their obligations under this Policy and applicable AML laws and regulations.

 

3. Customer Due Diligence (CDD)

 

3.1. Xclusiv Marketplace conducts Customer Due Diligence (CDD) measures to verify the identity of users and to assess their risk level. This may include collecting and verifying information such as name, address, date of birth, and government-issued identification documents.

 

3.2. Enhanced Due Diligence (EDD) may be conducted for users identified as high-risk based on factors such as transaction volume, geographic location, or suspicious activity.

 

4. Transaction Monitoring

 

4.1. Xclusiv Marketplace implements transaction monitoring systems to detect and prevent suspicious activity. This includes monitoring for unusual patterns of transactions, large or frequent transactions, and transactions involving high-risk jurisdictions or individuals.

 

4.2. Any suspicious activity detected is promptly investigated, and appropriate action is taken, including reporting to the relevant authorities as required by law.

 

5. Record Keeping

 

5.1. Xclusiv Marketplace maintains accurate and up-to-date records of all transactions and customer interactions in accordance with applicable laws and regulations. These records are securely stored and made available to regulatory authorities upon request.

 

6. Training and Awareness

 

6.1. Xclusiv Marketplace provides regular training to employees on AML and CTF laws, regulations, and best practices. Training includes identifying suspicious activity, customer due diligence procedures, and reporting requirements.

 

7. Reporting Obligations

 

7.1. Xclusiv Marketplace complies with all reporting obligations under applicable AML and CTF laws and regulations. This includes reporting suspicious transactions to the appropriate authorities and cooperating with law enforcement agencies as required.

 

8. Compliance with Sanctions

 

8.1. Xclusiv Marketplace screens users and transactions against relevant sanctions lists to ensure compliance with sanctions laws and regulations. Transactions involving sanctioned individuals or entities are prohibited.

 

9. Whistleblower Policy

 

9.1. Xclusiv Marketplace encourages employees and users to report any suspected violations of this AML Policy or any illegal activities. Reports can be made anonymously, and protections are provided for whistleblowers against retaliation.

 

10. Review and Updates

 

10.1. This AML Policy is subject to periodic review and updates to ensure continued compliance with evolving legal and regulatory requirements. Any changes to the Policy will be communicated to employees and users in a timely manner.

 

11. Contact Information

 

11.1. For questions or concerns about this AML Policy, please contact the Compliance Officer at 6 Dan Adala Office Suites, UDB Road, Kano, Nigeria. support@xclusiv.info. www.xclusiv.info.

By using the Platform, users acknowledge their acceptance of and commitment to comply with this AML Policy. Failure to adhere to this Policy may result in account suspension or termination and may be reported to the relevant authorities.