COMPLIANCE
Anti-Money Laundering Policy
This policy exists to prevent BuiltForJobs from being used to launder money, finance terrorism, or move the proceeds of crime. It applies to all employees, clients, and onboarded artisans and professionals.
Section 1
Purpose and legal scope
The purpose of this policy is to prevent the platform from being used by malicious actors to launder money, finance terrorism, or move the proceeds of crime. BuiltForJobs operates in strict compliance with:
- The Anti-Money Laundering Act, 2020
- Act 1044, which governs the prevention, detection and prosecution of money laundering in Ghana.
- The Payment Systems and Services Act, 2019
- Act 987, which governs how payment services are operated and supervised.
- BoG and FIC guidelines
- The Bank of Ghana and Financial Intelligence Centre AML/CFT/CPF guidelines, as issued and amended.
It applies to all employees, platform users, and onboarded third-party merchants — the artisans and professionals who receive payouts.
Section 2
Governance and compliance officer
The Board of Directors and management retain ultimate oversight of the platform's compliance framework.
Designated AML Reporting Officer (AMLRO). The platform will appoint a senior official as the AMLRO. The AMLRO maintains this policy, oversees risk assessments, conducts annual staff training, and acts as the sole liaison for filing compliance reports to the Bank of Ghana and the Financial Intelligence Centre.
Section 3
Customer due diligence and KYC
The platform enforces a Know Your Customer programme before any user or artisan can transact or receive funds.
Artisans and professionals
Before an artisan may list services or receive a payout, we collect and verify:
- Individuals and sole proprietors: full name, date of birth, residential address, Ghana Post GPS digital address, and a mandatory Ghana Card, including biometric or secondary verification where applicable.
- Registered businesses: business registration certificates (Form A or Form 3/4) from the Registrar General's Department, a Tax Identification Number, and identification of Ultimate Beneficial Owners holding 5% or more of the equity.
Clients
- Standard verification via a mobile phone number tied to a valid Mobile Money account.
- Collection of basic identifying information during sign-up or at checkout.
Section 4
Risk-based approach
Users are categorised into risk profiles so that monitoring effort goes where the risk is.
Profile
Who it covers
What it triggers
Low risk
Standard domestic clients booking conventional consumer services — plumbing, tutoring and the like — within low transaction limits.
Standard due diligence.
Medium risk
High-volume artisans or corporate service providers processing frequent transactions.
Standard due diligence with closer monitoring of transaction patterns.
High risk
Politically Exposed Persons (PEPs), non-resident users, or entities using international payment methods.
Enhanced Due Diligence (EDD): senior management sign-off and proof of source of funds before the relationship proceeds.
Section 5
Transaction monitoring and prohibited activity
Transaction limits. Daily and monthly ceilings aligned with the Bank of Ghana tier framework for payment platforms.
Prohibited accounts. No anonymous profiles, pseudonyms or unverified accounts may receive a payout.
Structuring detection. Automated filters and manual review flag users who split a large transaction into smaller ones to stay under a reporting threshold.
Section 6
Regulatory reporting obligations
The platform uses secure regulatory interfaces, such as the goAML portal, to report to the Financial Intelligence Centre.
- Suspicious Transaction Reports (STRs/SARs)
- Where a transaction is suspected to involve illicit funds, a report is submitted to the FIC within 24 hours.
- Cash Transaction Reports (CTRs)
- Transactions meeting or exceeding the regulatory cash threshold — GHS 50,000 or equivalent — are reported within the mandatory windows.
- Sanctions screening
- Any entity matching a national or international terrorist or economic sanctions list has its funds frozen immediately and the match reported to the FIC.
Section 7
Record keeping
In line with Bank of Ghana and FIC guidelines, all KYC verification data, business correspondence, account files and transaction logs are securely archived and retained for a minimum of seven years from the date of the transaction or the end of the business relationship.
This is the same seven-year window described in our Privacy Policy, and it is why financial records survive an account deletion.
Approved by management, Built For Jobs Ltd. Questions about this policy go to privacy@builtforjobs.com.