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Detailed Framework

AML & CFT Policy

How we prevent money laundering, counter terrorism financing, and ensure institutional integrity.

Financial Crime Prevention
Last Updated: 30 Dec 2025
01

Purpose & Scope

This Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) Policy established the standards for FLUR TECHNOLOGY LIMITED to prevent, detect, and report illicit financial activity.

Coverage

  • All Staff & Directors
  • Every Flur User
  • Agents & Partners

Non-Compliance

Violations result in immediate account termination, reporting to law enforcement, and potential legal prosecution.

02

Regulatory Framework

CBN Act 2007

Compliance with Central Bank of Nigeria's primary governing framework.

BOFIA 2020

Observance of the Banks and Other Financial Institutions Act standards.

AML/CFT Act 2022

Adherence to the latest anti-money laundering prohibition as amended.

03

KYC & Due Diligence

We manage financial risk via a tiered Know Your Customer (KYC) system, applying stricter controls as transaction limits grow.

Basic

Tier 1

  • Verified Email
  • Phone Number
Limit: N50k Transaction
Standard

Tier 2

  • BVN Verification
  • Selfie (Liveness)
Limit: N200k Transaction
Enhanced

Tier 3

  • Tier 2 + Govt ID
  • Utility Bill
Limit: N1M+ Transaction

AML/CFT Monitoring

Risk Mitigation Tools

We utilize proprietary and third-party systems to monitor and block illegal activities in real-time.

Automated PEP & Sanctions Screening
Continuous Transaction Monitoring
Unusual Pattern Detection
NFIU CTR & STR Reporting

Reporting Suspected Acts

We maintain an open cooperation with EFCC, NFIU, and CBN regarding illegal currency movements or funding terrorism.

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