Vuvu is committed to complying with all applicable anti-money laundering (AML) laws and regulations. This policy outlines Vuvu’s procedures and measures to prevent, detect, and report suspicious activities related to money laundering.

1. Scope

This policy applies to all Vuvu employees, agents, and contractors, as well as to all Vuvu customers and business partners.

2. Definitions

• Money laundering: The process of disguising the source of illegally obtained funds.
• Suspicious activity: Any transaction or pattern of transactions that is inconsistent with the customer’s known business or financial profile, or that is otherwise suspicious.

3. Risk Assessment

Vuvu will conduct a regular risk assessment to identify potential money laundering risks and develop appropriate measures to mitigate them.

4. Customer Due Diligence (CDD)

Vuvu will collect and verify customer identification information, including but not limited to:

• Name
• Date of birth
• Address
• Proof of identity (e.g., passport, driver’s license)
• Proof of address (e.g., utility bill, bank statement)  

For high-risk customers, Vuvu may conduct enhanced due diligence, which may include obtaining additional information or documentation.

5. Transaction Monitoring

Vuvu will monitor customer transactions for suspicious activity, such as:

• Large or unusual transactions
• Frequent small transactions
• Complex transaction patterns
• Transactions involving high-risk jurisdictions or individuals

6. Record Keeping

Vuvu will maintain accurate and complete records of all customer transactions and activities for a period of five years.

7. Reporting of Suspicious Activity

If Vuvu suspects that a transaction or pattern of transactions may be related to money laundering, it will file a suspicious activity report (SAR) with the appropriate regulatory authority.

8. Training and Education

Vuvu will provide training and education to its employees on AML laws and regulations, and on how to identify and report suspicious activity.

9. Compliance

Vuvu will conduct regular reviews of its AML program to ensure compliance with applicable laws and regulations.

10. Cooperation with Authorities

Vuvu will cooperate fully with any law enforcement or regulatory authorities investigating potential money laundering activities.

Vuvu is committed to maintaining a strong AML program to protect the integrity of its services and to comply with all applicable laws and regulations.