Anti-Money Laundering & KYC Policy

This policy outlines the measures taken by Love xPress to prevent money laundering and terrorist financing in compliance with Ghanaian law.

1. Regulatory Framework

Love xPress operates in full compliance with the Anti-Money Laundering Act, 2020 (Act 1044). We are committed to cooperating with the Financial Intelligence Centre (FIC) and the Bank of Ghana to maintain the integrity of our financial ecosystem.

2. Customer Due Diligence (KYC)

Verification of identity is a mechanical necessity before any funds are disbursed. We implement a tiered KYC approach:

Individual Organizers
  • Valid Ghana Card (NIA)
  • Selfie Verification
Corporate Entities
  • Business Registration Docs
  • Director Information
3. Transaction Monitoring

Our system automatically flags "Suspicious Transactions" based on frequency, volume, and source geographic data. Any activity exceeding GHS 50,000 or exhibiting split-payment behavior is subject to immediate manual review and potential reporting to the FIC.

4. Record Keeping

In accordance with statutory requirements, all KYC documentation and transaction logs are securely archived for a minimum period of six (6) years following the termination of the business relationship.