OWENA HQ LTD (RC 9695072), the company behind Owena, is committed to preventing its platform from being used for money laundering, terrorism financing, or any financial crime.
Our structure keeps risk low by design. Owena is project operations software. We never hold, pool, or transmit customer funds — all payments occur through licensed financial institutions, which carry their own regulatory obligations for the accounts and transactions they operate.
Our program, maintained under the Money Laundering (Prevention and Prohibition) Act 2022 and overseen by a designated AML Compliance Officer:
- Registration — registered with the Corporate Affairs Commission; SCUML registration in progress.
- Customer due diligence — identity and business verification (BVN, NIN, corporate registry checks through licensed verification providers) before any payment-connected feature is enabled, with enhanced due diligence for higher-risk cases.
- Sanctions screening — customers and beneficial owners are screened against applicable sanctions lists, including the Nigerian Sanctions List and the UN Consolidated List.
- Prohibited use — we do not serve sanctioned persons, shell companies, unlicensed money-service businesses, or any use designed to conceal the origin, ownership, or destination of funds (Terms of Service §5).
- Monitoring and reporting — platform activity is reviewed for suspicious patterns, and suspicious transactions are reported to the Nigerian Financial Intelligence Unit as the law requires.
- Record keeping — financial records are retained for a minimum of five years in tamper-evident form; access to archived records is itself logged.
The full AML/CFT Policy is available to regulators and partner financial institutions on request: admin@owenahq.com.