Effective Date: August 2021
1. Purpose
This policy outlines the measures Made in Nigeria takes to prevent fraud, money laundering, and other financial crimes within our platform.
2. Scope
This applies to all users — vendors, customers, partners, and affiliates.
3. Fraud Prevention
We monitor transactions and user activities for unusual or suspicious behavior such as:
- Multiple failed payment attempts
- Unverified high-value transactions
- Fake or stolen identities
4. AML Compliance
In compliance with the Money Laundering (Prohibition) Act 2011 (as amended), we:
- Verify user identities (KYC) before large transactions.
- Report suspicious transactions to relevant authorities.
- Maintain transaction records for at least five (5) years.
5. Restricted Activities
Users must not:
- Use Made in Nigeria to launder money or fund illegal activities.
- Manipulate transactions to bypass verification.
6. Consequences of Violation
Accounts found guilty of fraudulent or illegal activity will be suspended or terminated immediately, and relevant authorities may be notified.
