Anti-Money Laundering Policy

Last updated: 27 February 2026

This Anti-Money Laundering ("AML") and Counter-Terrorism Financing ("CTF") Policy applies to all services provided through the Payskript platform and other digital services operated by Alkimify companies. We are committed to preventing our platform from being used for money laundering, terrorist financing, or other financial crimes.

Payskript is a trading name of Alkimify LTD, registered in England and Wales; and Alkimify SARL, registered in Republic of Cameroon. Each entity complies with the AML/CTF laws and regulations of its respective jurisdiction.

1. Regulatory Framework

Our AML/CTF programme is designed to comply with:

  • United Kingdom: The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (as amended); the Proceeds of Crime Act 2002; and the Terrorism Act 2000.
  • Cameroon: CEMAC Regulation No. 01/03-CEMAC-UMAC on the Prevention and Repression of Money Laundering; and COBAC regulations applicable to financial service providers.
  • International standards: Recommendations of the Financial Action Task Force (FATF).

2. Know Your Customer (KYC)

Payskript operates a risk-based KYC programme to verify the identity of its users. Our verification process includes:

2.1 Basic Verification (Tier 1)

Required for all users at registration:

  • Phone number verification via SMS OTP.
  • Full legal name.
  • Transaction limits apply until enhanced verification is completed.

2.2 Enhanced Verification (Tier 2)

Required for higher transaction limits:

  • Government-issued photo identification (national ID card, passport, or driver's licence).
  • Selfie photograph for facial comparison.
  • Date of birth and nationality confirmation.

2.3 Business Verification (Tier 3)

Required for business accounts:

  • Business registration documents (RC number or certificate of incorporation).
  • Identification of beneficial owners and directors.
  • Proof of business address.

3. Transaction Monitoring

We continuously monitor transactions on the Platform to detect suspicious activity. Our monitoring systems flag:

  • Transactions that are unusually large or inconsistent with the user's profile.
  • Rapid successive transactions suggesting structuring or layering.
  • Transactions involving high-risk jurisdictions.
  • Patterns indicative of fraud, including multiple accounts controlled by a single individual.
  • Escrow deals that are created and cancelled repeatedly without completion.

4. Suspicious Activity Reporting

When we identify suspicious activity, we take the following steps:

  • The transaction and/or account may be frozen pending investigation.
  • In the UK: A Suspicious Activity Report (SAR) is filed with the National Crime Agency (NCA).
  • In Cameroon: A suspicious transaction report is filed with the National Financial Investigation Agency (ANIF).
  • We are legally prohibited from informing the user that a report has been filed ("tipping off").

5. Sanctions Screening

All users are screened against applicable sanctions lists at registration, during KYC verification, and on an ongoing basis. These include:

  • UK HM Treasury sanctions list.
  • UN Security Council consolidated sanctions list.
  • EU sanctions list (where applicable).
  • OFAC Specially Designated Nationals (SDN) list.

Users identified on any sanctions list will be denied access to the Platform, and relevant authorities will be notified.

6. Politically Exposed Persons (PEPs)

We apply enhanced due diligence to users identified as Politically Exposed Persons, their family members, and known close associates. This includes additional identity verification, source of funds checks, and ongoing monitoring.

7. Record Keeping

In compliance with applicable regulations, we retain the following records:

  • KYC and identity verification documents for a minimum of 5 years after account closure.
  • Transaction records for a minimum of 5 years after the date of the transaction.
  • Suspicious activity reports and investigation files.

8. Staff Training

All Payskript employees involved in customer-facing roles, compliance, and transaction monitoring receive regular AML/CTF training. This includes recognising suspicious activity, understanding reporting obligations, and staying current with regulatory developments.

9. Prohibited Activities

The following activities are strictly prohibited on the Payskript platform:

  • Money laundering in any form.
  • Financing of terrorism or terrorist organisations.
  • Transactions involving the proceeds of crime (drug trafficking, fraud, corruption, etc.).
  • Structuring transactions to avoid reporting thresholds ("smurfing").
  • Using false or stolen identities to open accounts.
  • Operating unlicensed money transfer or exchange businesses through the Platform.

10. User Obligations

By using Payskript, you agree to:

  • Provide accurate and up-to-date identification information.
  • Complete KYC verification when requested within the specified timeframe.
  • Not use the Platform for any prohibited purpose.
  • Cooperate with any investigation into suspicious activity on your account.

11. Consequences of Non-Compliance

Failure to comply with this Policy or applicable AML/CTF regulations may result in:

  • Temporary or permanent suspension of your account.
  • Freezing of funds pending investigation.
  • Reporting to relevant law enforcement and regulatory authorities.
  • Legal action where appropriate.

12. Contact Us

If you have questions about this AML Policy or wish to report suspicious activity, contact us at info@alkimify.com.

Alkimify LTD
3 Chapel Close, London, England, NW10 2DL
England and Wales

Alkimify SARL
Rue SURCUF, à côté des recettes des Finances, Douala
Republic of Cameroon