Anti-Money Laundering

Cina exchange considers it necessary to make public our anti-money laundering (AML) policy due to the Anti-money laundering legislation that is in effect in most countries including Nigeria. Our AML policies, procedures and internal controls are designed to comply with money laundering regulations and prevent us from accepting payments that will expose us to possible criminal fines and penalties. Money laundering is the process whereby the proceeds of crime are transformed into ostensibly legitimate money or other assets, thereby making the illegal source of such assets or funds untraceable.

We view Money Laundering as a serious criminal offence, and as such, complies with regulatory requirements intended to forestall and prevent money laundering. We have therefore devised the following measures to check such activities: 

1 – Verification of our customers, also requesting for more identification of identity from the buyers if there is need for such.

2 – Retaining transaction and verification documents for few hours.

3 – Setting a minimum transaction limit for new customers for 24 hours.

SIGNED, MANAGEMENT CINAEXCHANGE.