Anti-Money Laundering Policy

Money laundering is the process of converting money gained from illegal activities (terrorism, drug, corruption, e.t.c.) into money or assets that appear to be legitimate.

Before proceeds of crime are laundered, it is difficult for criminals to use the illicit money without raising suspicion of the Law enforcement agencies.

Anti-Money laundering refers to a set of procedures, laws and regulations designed to stop the practice of generating income through illegal activities. Such measures and systems are worked out and implemented by National & International organizations, banking and financial Institutions.
The main purpose of the AML Policy is to establish the essential standards designed to prevent MyTopExchange.com from being used for money laundering and terrorism financing.

To ensure we comply with AML standards & regulations:

  • MyTopExchange customers are required to provide KYC (know your Customer) documents when opening a MyTopExchange Account.
  • MyTopExchange maintains personal information of registered users, communication & transactions of our customers.
  • We reserve the right to hold ANY suspicious transaction(s); request for additional information/documents or report to the relevant Law enforcement agencies.
  • For your protection, MyTopExchange.com will not disclose your personal information to ANY third party, unless ordered by a Court of Competent jurisdiction in Nigeria.