Last Updated: 13th June 2025

Anti-Money Laundering (AML) Policy for BeepAgro Africa LTD

Introduction
BeepAgro Africa LTD is committed to the highest standards of integrity and ethical conduct in all its business activities. As part of this commitment, we have implemented a comprehensive Anti-Money Laundering (AML) Policy designed to prevent and detect any form of money laundering or terrorist financing activities. This policy aligns with international best practices and complies with the regulatory requirements of the Federal Republic of Nigeria, including those enforced by the Economic and Financial Crimes Commission (EFCC).

Purpose
The purpose of this AML Policy is to ensure that BeepAgro Africa LTD:

• Complies with all relevant legal and regulatory obligations related to anti-money laundering.
• Implements effective measures to prevent the use of its products and services for money laundering or terrorist financing.
• Detect and report any suspicious activities to the appropriate authorities.

Scope
This AML Policy applies to all employees, officers, directors, and third-party contractors of BeepAgro Africa LTD. It also extends to all clients, business partners, and other stakeholders involved in transactions with BeepAgro Africa LTD.

Key Policy Provisions
1. Customer Due Diligence (CDD)

• Identification and Verification: We require all customers to provide valid identification documents before engaging in any business transactions. This includes, but is not limited to, government-issued IDs, proof of address, and any other relevant documentation.
• Enhanced Due Diligence (EDD): For high-risk customers or transactions, BeepAgro Africa LTD conducts Enhanced Due Diligence, which may include additional identification measures, closer scrutiny of transactions, and ongoing monitoring.

2. Risk Assessment
BeepAgro Africa LTD conducts regular risk assessments to identify, assess, and manage money laundering risks associated with its business activities. This includes evaluating customer profiles, transaction patterns, and geographical locations.

3. Transaction Monitoring
We have implemented robust systems and procedures to monitor customer transactions for suspicious activities. These systems are designed to detect unusual or potentially illegal activities, which are promptly reported to the appropriate authorities.

4. Reporting Obligations
BeepAgro Africa LTD complies with all reporting obligations under Nigerian law, including the timely filing of Suspicious Transaction Reports (STRs) with the EFCC. Employees are required to report any suspicious activity to the Compliance Officer, who is responsible for filing the STR.

5. Record Keeping
All records related to customer identification, due diligence, and transaction monitoring are maintained for a minimum of five years, as required by law. These records are securely stored and made available to regulatory authorities upon request.

6. Training and Awareness
BeepAgro Africa LTD provides regular training to all employees on AML policies, procedures, and legal obligations. This training ensures that employees are aware of their responsibilities and are equipped to identify and prevent potential money laundering activities.

7. Third-Party Relationships
We ensure that all third-party contractors and business partners comply with our AML Policy. Due diligence is conducted on all third parties before entering into any business relationship.

8. Internal Controls and Audit
BeepAgro Africa LTD has established internal controls and audit processes to ensure the effectiveness of its AML measures. Regular audits are conducted to assess compliance with this policy and to identify areas for improvement.

EFCC Certification
BeepAgro Africa LTD is proud to have received certification from the Economic and Financial Crimes Commission (EFCC), affirming our compliance with Nigerian AML regulations. This certification is a testament to our commitment to maintaining the highest standards of financial integrity.




For any inquiries or reports related to this AML Policy, please contact our designated Compliance Officer:
Email: legals@beepagro.com

Conclusion
BeepAgro Africa LTD is fully committed to combating money laundering and terrorist financing. We continually review and update our AML Policy to ensure compliance with evolving legal requirements and industry standards. By adhering to this policy, we aim to protect our business, clients, and the broader community from the risks associated with financial crimes.