FATF.
The FATF's 40 Recommendations form the backbone of global anti-money laundering efforts. For Virtual Asset Service Providers (VASPs) like AfriVest, compliance with FATF standards is non-negotiable, it determines whether a platform can operate across jurisdictions, access banking relationships, and serve institutional clients.
AfriVest is aligned with the full suite of FATF preventive measures, including Recommendation 15 (new technologies and VASPs), Recommendation 16 (the Travel Rule for virtual asset transfers), and Recommendations 10 to 21 covering customer due diligence, record keeping, and suspicious transaction reporting. Our AML/CTF program is independently audited against FATF standards, ensuring institutional-grade compliance.
How FATF Compliance Works
A structured, standards-based flow, designed to align with FATF at every step.
Risk Assessment
FATF requires a risk-based approach, AfriVest conducts ongoing risk assessments across jurisdictions, customer types, products, and delivery channels to calibrate controls appropriately.
Customer Due Diligence
Every user undergoes tiered CDD, from simplified due diligence for low-risk transactions to enhanced due diligence (EDD) for PEPs, high-value transactions, and high-risk jurisdictions.
Transaction Monitoring
Every transaction is screened against sanctions lists (OFAC, EU, UN), PEP databases, and adverse media. Pattern detection algorithms identify structuring, layering, and velocity anomalies.
Travel Rule (R.16)
For virtual asset transfers exceeding $1,000, AfriVest transmits originator name, account number, and address alongside beneficiary details, complying with the FATF Travel Rule for VASPs.
Reporting & Records
Suspicious Transaction Reports (STRs) are filed with relevant FIUs within 24 hours. All transaction records and CDD documentation are maintained for a minimum of 5 years.
The core tenets of the standard.
The principles that define FATF, and how AfriVest is designed to align with them.
Risk-Based Approach
Controls are calibrated to the level of risk, higher-risk customers, jurisdictions, and products receive enhanced scrutiny while lower-risk scenarios benefit from simplified measures.
Customer Due Diligence
Verify customer identity, understand the nature of business relationships, and conduct ongoing monitoring to ensure transactions are consistent with known risk profiles.
Travel Rule Compliance
For virtual asset transfers, transmit originator and beneficiary information between VASPs, enabling law enforcement to trace illicit flows across the blockchain ecosystem.
Suspicious Activity Reporting
Identify and report suspicious transactions to Financial Intelligence Units (FIUs), contributing to the global intelligence network against financial crime.
Record Keeping
Maintain comprehensive records of all transactions and CDD measures for at least 5 years, enabling retrospective investigation and regulatory audit.
International Cooperation
Facilitate cross-border information sharing between regulators, FIUs, and law enforcement, essential for combating transnational financial crime.
FATF AML/CFT Compliance Architecture
How AfriVest aligns with the FATF preventive measures framework
Click any component to explore details
Infrastructure aligned with this standard.
AfriVest solution layers designed to align with FATF.
Explore the full compliance framework.
AfriVest is designed to align with a broad set of international standards. Explore the others across the framework.