By definition, Money Laundering is the illegal process of making large amounts of money generated by criminal activity, such as drug trafficking or terrorist funding, appear to have come from a legitimate source. The money from the criminal activity is considered dirty, and the process “launders” it to make it look clean. into money or investments that appear to be legitimate so that their illegal source cannot be traced –

Here at fnfSwap, to ensure we are fully compliant with all applicable financial legislation such as Anti-Money Laundering and Counter-Terrorist Financing Laws, we collect a few info as mentioned in our Privacy Policy to protect against fraud by checking your identity with your Personal Information. 

1]. All fnfSwap clients are 100% responsible for offering valid and accurate information when submitting orders.

2]. Kindly note that fnfSwap has a right to refuse to render service(s) without mentioning the reason to any customer – based on the formality of the transaction involved.

3].  Every fnfSwap client agrees that any attempt to remit fraudulent funds will result in prosecution under the Nigerian Anti-Money Laundering and Counter-Terrorist Financing Laws.

4]. fnfSwap cannot check the competence and legality owned by the user, the monetary funds that are offered by the user for exchange, and does not carry our monitoring of the user operations in any of the electronic payment systems or banking structure (a bank, a credit or investment structure). 

For more on AML policy according to Nigerian Law, please check out the CBN’S AML/CFT Policy and Procedure Manual.

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