Bellspay operates a risk-based AML/CFT programme and cooperates fully with regulators and law enforcement.
1. Commitment
Bells Technologies Limited is committed to preventing the use of Bellspay for money laundering, terrorism financing, fraud or any other financial crime. We operate a risk-based AML/CFT programme informed by the Money Laundering (Prevention and Prohibition) Act, Central Bank of Nigeria guidance, and the requirements of the licensed payment partners that process our transactions.
2. Governance
Management is accountable for the AML/CFT programme and designates a compliance contact responsible for monitoring, escalation and reporting. Staff with access to customer data or transaction tooling receive guidance on identifying and escalating suspicious activity.
3. Customer due diligence
No account may transact without customer identification. Enhanced due diligence is applied to higher-risk customers, including those seeking elevated limits or presenting unusual activity patterns. Details are set out in our KYC Policy.
4. Transaction monitoring
- Daily spend and transfer limits, plus velocity limits on purchases and transfers.
- Duplicate-transaction protection and idempotent settlement references.
- Automated screening for structuring patterns, rapid pass-through funding and abnormal beneficiary behaviour.
- Full audit logging of administrative and money-moving actions.
5. Prohibited activity
You may not use Bellspay to:
- Launder proceeds of crime or conceal the source of funds.
- Finance terrorism or any sanctioned person, entity or jurisdiction.
- Operate a wallet on behalf of an undisclosed third party, or act as a money mule.
- Conduct unlicensed money transmission, ponzi or pyramid schemes, or gambling that breaches Nigerian law.
- Fund transactions with stolen cards, hijacked bank accounts or fraudulently obtained funds.
6. Sanctions screening
Customers and counterparties may be screened against applicable domestic and international sanctions and politically exposed person (PEP) lists. A confirmed match results in refusal or termination of the relationship and reporting where required.
7. Suspicious activity and reporting
Where activity is suspicious, we may delay, decline or reverse a transaction, freeze a wallet, and file a report with the Nigerian Financial Intelligence Unit or another competent authority. We are not permitted to notify a customer that a suspicious transaction report has been filed ("no tipping off").
8. Record keeping
Identification records, transaction data and investigation notes are retained for the minimum period required by Nigerian law after the transaction or the end of the customer relationship, and are made available to authorities on lawful request.
9. Reporting concerns
To report suspected money laundering, fraud or misuse of Bellspay, email bellspaytechnologies@gmail.com with the subject "AML REPORT", or WhatsApp 09020270783. Reports are treated confidentially.