Legal Centre
AML/KYC & Customer Due Diligence
1. Our Commitment
Obotan is committed to preventing use of its Platform for money laundering, terrorist financing, fraud or other financial crime, in line with Ghana's AML Act, Anti-Terrorism Act, and SEC Crowdfunding Guidelines.
2. Customer Identification & Due Diligence
Ghana Card verification, biometric verification, phone/address verification, business registration and beneficial-ownership checks for corporate Users. Enhanced due diligence applies to higher-risk profiles, larger transactions, Politically Exposed Persons (PEPs), and flagged activity.
3. Risk-Based Tiering
| Tier | Description |
|---|---|
| Tier 1 — Basic | Lower-value, lower-risk |
| Tier 2 — Standard | Typical platform use |
| Tier 3 — Enhanced Due Diligence | Higher-risk, PEPs, flagged activity |
4. Sanctions Screening
Users and transactions are screened against UN and OFAC lists and locally maintained blacklists.
5. Reporting
Suspicious Transaction Reports and, where applicable, Currency Transaction Reports are filed with Ghana's Financial Intelligence Centre where required.