Stealth Digital Solutions, Inc. - Privacy & Compliance 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.
KYC is the due diligence that the Company must perform to identify their clients and ascertain relevant information before carrying out any financial businesses with them.
The Company, in upholding its KYC policies, shall undertake the following:
Establishing and maintaining a risk-based approach to Customer Due Diligence (CDD), Enhanced Due Diligence (EDD), including customer identification, verification and KYC procedures.
Issue a KYC compliance form to clients.
Obtain the necessary documents and information from every client
Report suspicious activities and transactions to the regulatory authorities
Update client information as and when available
Verify the legal status of business names, incorporated trustees and companies with the Corporate Affairs Commission.
Refuse to transact business with "shell companies" as described under the International Conventions.
Conduct due diligence for higher-risk clients, business relationships or transactions including PEP, cross border transactions and business relationships
The Company shall keep the record of a customer's identification for at least six years after the closure of the account or the severance of relations with the customer.
Upon request by a regulatory or law enforcement agency, the Company shall make available records related to AML/CFT compliance or its clients as soon as possible from the date of the request.
If the company notices any illegal transaction, it shall:
Draw up a report on the identity of the principal and the beneficiary or beneficiaries;
Take appropriate action to prevent the laundering of the proceeds of criminal conduct;
Send a copy of the report and action taken to the Nigerian Financial Intelligence Unit (NFIU)
Business relationships with family members or close associates of PEPs involve reputation risks similar to those PEPs themselves. The Company shall evaluate the risks to its business operations when dealing with PEPs.
A breach of the AML/CFT is a severe offence and could lead to investigations, imposition of fines and criminal sanctions (including imprisonment).
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Last updated: June 2025