Dala is committed to preventing money laundering, terrorist financing and fraud, in line with the Money Laundering (Prevention and Prohibition) Act 2022, the Terrorism (Prevention and Prohibition) Act 2022 and related Nigerian regulations.
1. Customer verification
- Full name, date of birth, address, phone and email.
- A valid government ID and BVN or NIN where required.
- A selfie or liveness check.
- Proof of address and source of funds for higher-value activity.
2. Risk-based approach
We apply enhanced due diligence to higher-risk customers, including politically exposed persons and unusual transaction patterns.
3. Screening and monitoring
We screen customers against sanctions and watch lists and monitor transactions on an ongoing basis.
4. Reporting
We report suspicious transactions to the Nigerian Financial Intelligence Unit (NFIU) as required, and we may not tell you when we do.
5. Record keeping
We keep verification and transaction records for at least five years after the end of the relationship.
6. Restrictions
We may refuse, delay, freeze or close accounts or transactions where verification is incomplete or activity appears unlawful.
Questions about this document? Email hello@getdala.ng or write to Feabs Limited, 12 Paul Okon Street, Off Ekpri Nsukara Road, Uyo, Akwa Ibom State, Nigeria.