AML & KYC Policy
Last updated: 11 June 2026
Because Shopikat enables payments, wallets and withdrawals, we operate Know-Your-Customer (KYC) and Anti-Money-Laundering (AML) controls, consistent with applicable regulations and our payment partners' requirements.
1. Identity verification (KYC)
Sellers, suppliers and delivery agents may be required to verify their identity (and business details) before withdrawing funds or above certain thresholds. We may request government ID and supporting documents.
2. Monitoring
We monitor for suspicious activity, including structuring, fraud and prohibited transactions, and may request additional information.
3. Restrictions
We may delay, freeze or refuse transactions and withdrawals, and suspend accounts, where required to comply with the law, sanctions, or to prevent fraud or money laundering.
4. Records
We retain KYC and transaction records for the period required by law.
5. Data
Identity data is processed under our Privacy Policy and protected with appropriate security.