Welcome to Enetworkspay ("Enetworkspay," "we," "our," "us"). We are committed to protecting your privacy and ensuring a safe and secure user experience. This AML and KYC Privacy Policy outlines how we collect, use, disclose, and protect your personal information when you use our website and services (collectively, the "Service"). By using the Service, you consent to the practices described in this AML and KYC Policy.
If you have any questions or concerns about our AML and KYC Policy, please contact us using the contact information provided at the end of this document.
Enetworkspay is committed to complying with anti-money laundering (AML) and know-your-customer (KYC) regulations to ensure the safety and security of its platform and users. This AML and KYC Policy outlines the verification requirements for different levels of KYC on Enetworkspay's website.
Level 1 verification on Enetworkspay requires users to verify their email and phone number, as well as set a 4-digit PIN for outbound transactions. This is the basic level of KYC and is mandatory for all users to access and use Enetworkspay's services.
Level 2 verification on Enetworkspay involves additional steps to strengthen platform security and ensure compliance. Users must verify their regulatory ID card number against the corresponding system parameter in the regulatory database. For instance, Nigerian users must provide their Bank Verification Number (BVN) and National Identification Number (NIN). They are required to enter their BVN and validate it using a code sent to their BVN-registered phone number. Similar regulatory KYC procedures may apply to users in other countries, depending on Enetworkspay’s policies.
In addition to regulatory ID verification, users must also set up a two-factor authentication (2FA) method as part of the Level 2 KYC process. Currently, Enetworkspay offers two 2FA options: an authenticator app or an email one-time password (OTP). Users are required to select and complete the setup of one of these methods.
Enetworkspay maintains strict compliance with AML and KYC regulations and continuously monitors user activity on its platform. Any suspicious or potentially fraudulent activity is promptly investigated, and appropriate actions are taken, including but not limited to freezing user accounts, reporting to the relevant authorities, and terminating user access to the platform.
Enetworkspay takes user data privacy seriously and complies with applicable data protection laws. User data collected during the KYC verification process is securely stored and used only for the purpose of complying with regulatory requirements and ensuring the security of Enetworkspay's platform and services.
Enetworkspay's AML and KYC Policy is designed to protect the integrity of its platform, prevent money laundering, and comply with regulatory requirements. Users are required to complete the necessary KYC verification steps according to their selected level of KYC, and failure to do so may result in limited access or termination of user accounts. Enetworkspay reserves the right to update or modify this policy at any time, and any changes will be communicated to users. By using Enetworkspay's services, users agree to comply with this AML and KYC Policy.
For any questions or concerns regarding Enetworkspay's AML and KYC Policy, users can contact Enetworkspay's customer support team at support@enetworkspay.com or through the contact information provided on the website.
Enetworkspay remains committed to maintaining a safe and secure platform for its users, and appreciates their cooperation in completing the necessary KYC verification steps. By complying with AML and KYC regulations, Enetworkspay aims to create a trusted and compliant environment for its users to transact and interact on its platform.
Thank you for choosing Enetworkspay as your preferred platform for digital transactions. We value your trust and confidence in our services.