Africore Technologies Ltd. is committed to the highest standards of regulatory compliance, financial crime prevention, and responsible digital asset infrastructure. Our compliance framework is designed to meet or exceed the requirements of applicable law across all jurisdictions in which we operate.
As a protocol built to serve African financial markets and attract institutional capital, we recognise that trust is earned through rigorous adherence to legal and regulatory standards — not merely claimed. This page outlines the key pillars of our compliance architecture.
Compliance-first by design. Africore's protocol architecture embeds compliance checks at the smart contract layer, ensuring that on-chain activity is structurally aligned with applicable law — not retrofitted after deployment.
All participants in Africore's token sale, node sale, or institutional access programmes are subject to mandatory Know Your Customer (KYC) and Anti-Money Laundering (AML) verification. This process is conducted by Africore and its appointed third-party compliance providers.
Our KYC/AML programme complies with:
KYC verification requires, at minimum: government-issued photo ID, proof of address, source of funds declaration, and sanctions screening. Enhanced Due Diligence (EDD) is applied to Politically Exposed Persons (PEPs), high-risk jurisdictions, and transactions above applicable thresholds.
Africore operates a risk-based approach (RBA) to AML compliance. Risk ratings are assigned to all verified users and reviewed on an ongoing basis. Suspicious activity is reported to relevant authorities pursuant to applicable law.
Travel Rule compliance. Africore implements FATF Recommendation 16 (the "Travel Rule") for virtual asset transfers, ensuring that originator and beneficiary information is transmitted with qualifying transfers of AFRI tokens and tokenized assets.
Africore Technologies Ltd. is incorporated in the British Virgin Islands (BVI) and operates under the oversight and guidance of the following regulatory frameworks and bodies:
| Jurisdiction | Regulatory Body | Status |
|---|---|---|
| British Virgin Islands | BVI Financial Services Commission (FSC) | Active |
| United Kingdom | Financial Conduct Authority (FCA) — Crypto Asset Regime | In Progress |
| European Union | MiCA (Markets in Crypto-Assets Regulation) | In Progress |
| South Africa | Financial Sector Conduct Authority (FSCA) | Active |
| Nigeria | Securities and Exchange Commission (SEC Nigeria) | In Progress |
| Kenya | Capital Markets Authority (CMA Kenya) | In Progress |
Africore engages with regulatory bodies proactively, participates in regulatory sandboxes where available, and works closely with in-country legal counsel across our operational regions.
Africore's protocol is designed for deployment across all 54 African Union member states. Our compliance team maintains jurisdiction-specific legal opinions for each country, covering digital asset regulation, securities law, foreign exchange rules, and property rights frameworks applicable to tokenization.
Priority jurisdictions where Africore has established or is establishing in-country operational compliance:
Excluded jurisdictions: Africore does not offer services to residents of the United States, Iran, North Korea, Syria, Cuba, or any jurisdiction subject to comprehensive OFAC, UN, EU, or UK sanctions. A full excluded jurisdiction list is available upon request.
Africore conducts real-time and batch sanctions screening of all users, wallet addresses, and counterparties against the following lists:
On-chain wallet screening is conducted via integration with leading blockchain analytics providers. Any wallet associated with illicit activity, sanctioned entities, or high-risk sources will be blocked at the protocol layer and reported to relevant authorities.
Zero tolerance for sanctions evasion. Attempts to circumvent sanctions screening through the use of mixers, privacy coins, or multiple wallet addresses are prohibited and may result in permanent access revocation and regulatory referral.
Africore maintains comprehensive compliance records in accordance with applicable record-keeping requirements. All KYC/AML documentation is retained for a minimum of five (5) years from the date of collection, or longer where required by applicable law.
Africore cooperates fully with law enforcement and regulatory authorities pursuant to valid legal process, including court orders, regulatory requests, and mutual legal assistance treaty (MLAT) requests. We do not notify users of such requests where prohibited by law.
Suspicious Activity Reports (SARs) and related disclosures are made to the BVI Financial Intelligence Agency (FIA) and any other applicable financial intelligence units (FIUs) in accordance with our reporting obligations.
Africore is built to meet the compliance requirements of institutional investors, including sovereign wealth funds, pension funds, family offices, and regulated asset managers. Our institutional compliance stack includes:
Institutional participants may request Africore's full compliance package, including legal opinions, audit reports, and regulatory correspondence, by contacting our compliance team directly.
For compliance enquiries, regulatory matters, sanctions-related concerns, or to report suspected financial crime, please contact Africore's compliance team directly:
Africore Technologies Ltd.
Compliance Department
Email: compliance@africore.io
Registered in the British Virgin Islands
For KYC/AML queries related to an active application, please reference your application ID and contact kyc@africore.io. Response times are typically 2–3 business days.
This Compliance page was last updated on April 10, 2026. Africore's compliance framework is reviewed and updated regularly to reflect changes in applicable law and regulatory guidance. This page is for informational purposes and does not constitute legal or financial advice.