Anti-Money Laundering
Waje Game of Anti-Money Laundering and Combating Terrorist Financing
Policy Effective Date:[insertdate]
Introduction:
Waje Game recognizes the importance of preventing money laundering and
terrorism financing and is committed to the highest standards of
Anti-Money Laundering and Combating Terrorist Financing in Nigeria.
Waje Game is subject to applicable legislation designed to prevent Money
Laundering. This legislation includes legislation such as Terrorism
Prevention Act 2103, Money Laundering Prohibition Act, 2022 (as
amended), and others. This Policy establishes standards that every
employee, user, contractor and business partner of Waje Game should
observe.
Our Policy
a. To prevent Money Laundering, Waje Game implements processes and
procedures to conduct appropriate customer due diligence based on the
following “Know Your Customer” principles:
a. Customer provided documentation (personal
details and means of identification);
b. Information on the customer obtained from
reliable and independent sources (Ownership Checking)
Waje Game requires a valid original document bearing each user’s name
and address (international passport, driving license or national
identity card)
b. In order to perform any transaction, Waje Game may undertake any such
verification checks as may be required by ourselves or by third parties
(including, but not limited to, regulatory bodies) to confirm the legal
ownership and the origin of the money implicated, the identity of the
applicant and to comply with the relevant Anti Money Laundering
Provisions.
c. Waje Game may suspend the availability of any withdrawal method
and/or the withdrawal function available in your account until the
completion of the verification checks about the validity of any of the
documents you send and, in some limited circumstances, suspend any
activity of your account it may deem necessary should it have reasonable
grounds to suspect or establishes the prohibited or illicit activity.
Unusual activity during the customer due diligence process or customer
engagement should be reported immediately to support@wajegame.com
Waje Game will not do business with the following
a. Persons included in any official lists of sanctions, in line with the
Julius Berger Nigeria Plc Sanctions Policy;
b. Persons indicating possible involvement in criminal activities, based
on available information about them;
c. Persons with businesses in which the legitimacy of activity or source
of funds can’t be reasonably verified;
d. Persons refusing to provide the required information or
documentation; or
e. Entities whose shareholder/control structure cannot be determined.
Record Keeping
Waje Game will record all transactions on the platform in chronological
order, indicating each customer’s surname, forename, and address in a
register to be forwarded to the Special Control Unit Against Money
Laundering as required by the Money Laundering Prohibition Act, 2022.
Reporting Suspicious Activity
Waje Game expects that, if any employee, contractor, user or business
partner becomes aware of any suspicion or knowledge of possible Money
Laundering activity, this is reported without undue delay to
support@wajegame.com. This can either be done by contacting directly the
AMLO or his deputy. A report on suspicious activity should contain, at
least, the following information:
A.Identity of the person raising the suspicion;
B.Date of the report;
C.Who is suspected of money laundering or terrorist financing
activities; and
D.What is suspected and why?
Review of Policy
Regular reviews of the effectiveness of this Policy are carried out in
addition to audits periodically undertaken by Waje Games.