Compliance

Regulatory Licensing

AfriVest is operated by CountryWealth Limited, a financial services company duly licensed and regulated by the Bank of Uganda. We hold all required licenses to operate remittance, investment, and insurance distribution services.

Know Your Customer (KYC)

We verify the identity of all users before allowing financial transactions, in compliance with Ugandan financial regulations.

• National ID verification via NIRA (National Identification & Registration Authority)
• Passport and government-issued ID acceptance
• Proof of address for enhanced verification
• Liveness checks to prevent identity fraud
• Continuous monitoring for changes in risk profile

Anti-Money Laundering (AML) & Counter-Terrorism Financing (CTF)

We maintain a robust AML/CTF programme aligned with Uganda's Financial Intelligence Authority (FIA) requirements and FATF recommendations.

• Automated transaction monitoring for suspicious patterns
• Screening against national and international sanctions lists
• Source of funds declarations for large transactions
• Suspicious transaction reporting to the FIA
• Regular AML/CTF training for all staff
• Independent compliance audits

Data Protection

We process personal data in accordance with Uganda's Data Protection and Privacy Act and international best practices.

• Data minimisation — we only collect what is necessary
• Purpose limitation — data used only for stated purposes
• User rights: access, correction, erasure, and portability
• Data breach notification within 72 hours
• Data Processing Agreements with all third-party processors

Investment Regulation

Our investment products are structured and offered in compliance with Capital Markets Authority (CMA) Uganda guidelines and the relevant investment product regulations.

• Treasury Bonds offered via Bank of Uganda-authorised channels
• Unit Trusts distributed by CMA-licensed fund managers
• Real estate products subject to full title deed verification
• Insurance distributed in partnership with IRA-licensed insurers
• All investment risks clearly disclosed before purchase

Transaction Limits & Reporting

We apply transaction limits in accordance with regulatory requirements and our own risk management framework.

* Limits may vary based on KYC tier and account history.