Anti-Money Laundering Policy

Effective Date: September 22, 2025 | Company: Presto Hq

At Presto, we are dedicated to maintaining a safe, transparent, and compliant financial ecosystem. We strictly adhere to all Anti-Money Laundering (AML) laws and regulations in Nigeria, as well as international standards that promote integrity in financial transactions.

Our Commitment

We recognize that digital asset and gift card transactions can be vulnerable to misuse. To address this, we have implemented strong systems, internal controls, and compliance measures designed to detect, prevent, and report any form of money laundering or illicit activity on our platform.

Compliance Oversight

Our Compliance Unit, led by a Compliance Officer, oversees the enforcement of all AML procedures. This includes monitoring user activity, reviewing high-risk or suspicious transactions, and ensuring that every action aligns with government regulations and industry best practices.

User Verification & Monitoring

All users on Presto must complete Know Your Customer (KYC) verification before trading. We use this process to confirm identity, assess risk levels, and prevent fraudulent activity.
We also conduct continuous monitoring and background checks on transactions that may raise red flags, ensuring swift action when needed.

Reporting & Cooperation

Presto reports any suspicious or unusual activity to the relevant regulatory and security agencies in Nigeria. We actively cooperate with authorities in investigating money laundering, fraud, and related crimes, including placing temporary holds on affected accounts during investigations.

Risk Assessment & Policy Review

We perform regular risk assessments to identify and mitigate potential money-laundering threats. Our AML policy is updated periodically to reflect changes in government laws, emerging risks, and international compliance standards.

Our Goal

At Presto, we are committed to providing a secure and transparent platform where users can confidently exchange digital assets and gift cards. Integrity, compliance, and user safety remain at the heart of everything we do.