Anti-Money Laundering Policy (AML)
Prevention of money laundering and terrorism financing
Last updated: 19 janvier 2026
FasoChange is committed to preventing any use of its platform for money laundering, terrorism financing, or any other illicit activity, in accordance with applicable laws and regulations.
1.Scope
This AML policy applies to all users of the FasoChange platform, regardless of their country of residence, status, or transaction volume.
2.Regulatory Obligations
FasoChange applies international principles for combating money laundering and terrorism financing, including:
- •user identification and verification (KYC)
- •transaction monitoring
- •detection and reporting of suspicious activities
- •cooperation with competent authorities
3.Identity Verification (KYC)
Full access to FasoChange services requires mandatory identity verification.
FasoChange uses a certified third-party verification provider (Didit) to perform KYC checks, including:
- •verification of official identity documents (national ID, passport, etc.)
- •phone number verification
- •consistency and authenticity checks
FasoChange does not directly collect identity documents. Necessary information is transmitted by the KYC provider after validation.
4.Transaction Monitoring
All transactions on FasoChange are continuously monitored to detect:
- •unusual amounts
- •repetitive or inconsistent behavior
- •attempts to circumvent KYC rules
- •any activity that may present an AML risk
5.Suspicious Activity Detection
FasoChange reserves the right to analyze any transaction deemed suspicious, particularly in cases of:
- •inconsistency between user profile and exchanged amounts
- •use of fraudulent payment methods
- •attempts to conceal the origin of funds
6.Risk Measures
In case of suspected illicit activity, FasoChange may:
- •temporarily or permanently suspend an account
- •block an ongoing transaction
- •request additional information or documents
- •report activities to competent authorities when required by law
7.Data Retention
Data related to AML/KYC procedures is retained:
- •for the legally required duration
- •solely for regulatory compliance purposes
- •in accordance with FasoChange's Privacy Policy
8.Cooperation with Authorities
FasoChange fully cooperates with competent judicial, regulatory, and financial authorities within the framework of applicable legal obligations.
9.User Responsibilities
Users agree to:
- •provide accurate and up-to-date information
- •not use the platform for illegal purposes
- •comply with imposed verification procedures
Any false statement may result in account suspension or closure.
10.Policy Changes
FasoChange reserves the right to modify this AML policy at any time. Users will be notified of any substantial updates.
11.Contact
For any questions regarding this AML policy, please contact: