Stealth Digital Solutions, Inc. - Anti-Money Laundering Policy
Stealth Digital Solutions, Inc. (the "Company", "We", "Us", "Our") a private limited liability company incorporated in Delaware, US is the data controller for personal information collected in connection with provision of Stealth Money Services.
This policy is connected to a more comprehensive in-house Anti-Money Laundering (AML), Know Your Customer (KYC) and the combating the Financing of Terrorism Policy (CFT). It sets out an abbreviated version of the guidelines for Stealth Digital Solution Inc. (herein referred to as 'the Company') compliance with AML/CFT obligations under the law, as well as regulatory directives. It prevents any transaction that facilitates criminal activities.
Stealth Digital Solutions Inc. understands that it has a vital role in preventing criminals from using our services to facilitate money laundering and terrorist financing. We are committed to detecting and avoiding money laundering and will cooperate fully with the Regulators and Law Enforcement Agencies where necessary.
Money Laundering and financing terrorism are financial crimes with economic effects. This policy is to eradicate the adverse effects of criminal economic activity and promotes integrity and stability in financial markets. Compliance with this policy is also critical to preserving the Company's corporate integrity, reputation and operational efficiency.
The purpose of this Policy is:
To guide the standard of conduct and practice that Stealth Money must follow in implementing the AML, KYC, and CFT regulations.
To protect the Company against fraud, reputational and other financial market risks.
To minimise the risks faced by the Company from proceeds of crime
To prevent money laundering and establish ERM systems to monitor the Company's exposure to financial crime.
The Company shall comply with the following:
Formulate and implement internal controls and other procedures that will deter criminals from using its facilities for money laundering and terrorist financing and ensure that its obligations under Nigerian and subsisting laws and Regulations are met.
Embark on Enterprise Risk Management (ERM) and maintain an ERM register
Designate a Money Laundering Reporting Officer (MLRO) with the relevant competence and independence to implement the Company's AML/KYC compliance policy.
Comply with the Money Laundering (Prohibition) Act, the Money Laundering (Prohibition) (Amendment) Act (together, the Money Laundering Act) and the Economic and Financial Crimes Commission Act.
Identify and report any suspicious transactions from the criminal activities defined in AML/KYC Regulations.
Ensure the implementation of the AML/KYC Act requirements is not inhibited through the Company's Confidentiality Agreement or Policy.
Effectively communicate and raise staff awareness on AML/KYC issues
Establishing and maintaining a risk-based approach to assessing and managing money laundering and terrorist financing risks.
Laws, regulations, and procedures intended to prevent criminals from disguising illegally obtained funds as legitimate income.
Due diligence processes used to verify the identity of customers and assess their suitability and risks for the business relationship.
Measures designed to detect and prevent the financing of terrorist activities and organizations.
A systematic approach to identifying, assessing, and managing risks across the entire organization.
A designated individual responsible for overseeing the company's AML compliance program and reporting suspicious activities to relevant authorities.
Stealth Digital Solutions Inc. is committed to maintaining the highest standards of compliance with anti-money laundering and counter-terrorism financing regulations. We continuously monitor and update our policies and procedures to ensure they remain effective and aligned with current regulatory requirements.
Our dedication to preventing financial crime extends beyond mere compliance - it is fundamental to our corporate values and our responsibility to the global financial system.
© 2025 Stealth Digital Solutions, Inc. All rights reserved.
Last updated: June 2025
This policy is subject to regular review and updates in accordance with regulatory changes.