Investment Compliance
Compliance Framework
BantuHive maintains the highest standards of investment compliance in accordance with Ghanaian law and international best practices to protect both investors and issuers on our platform.
Anti-Money Laundering (AML) Compliance
BantuHive implements comprehensive AML procedures in compliance with the Anti-Money Laundering Act, 2020 (Act 1044) and guidance from the Financial Intelligence Centre (FIC) of Ghana.
Customer Due Diligence
- • Identity verification with Ghana Card or Passport
- • Address verification with utility bills
- • Source of funds documentation
- • Enhanced due diligence for high-risk customers
- • Ongoing monitoring of transactions
Transaction Monitoring
- • Real-time transaction screening
- • Suspicious activity detection algorithms
- • Threshold reporting to FIC Ghana
- • Currency transaction reports (CTRs)
- • Sanctions list screening
Know Your Customer (KYC) Requirements
All platform users must complete comprehensive KYC verification before participating in any investment activities:
Individual Investors
- Valid government-issued photo ID (Ghana Card, Passport, or Driver's License)
- Proof of address (utility bill or bank statement within 3 months)
- Tax Identification Number (TIN)
- Employment and income verification
- Investment experience questionnaire
- Risk tolerance assessment
Corporate Investors
- Certificate of incorporation from Registrar General's Department
- Memorandum and Articles of Association
- Board resolution authorizing investments
- Beneficial ownership declaration (Form 5 - Beneficial Ownership)
- Authorized signatories documentation
- Audited financial statements
Investor Protection Measures
Suitability Assessment
- Investment objectives evaluation
- Financial situation analysis
- Risk tolerance measurement
- Investment experience review
- Concentration limits enforcement
Risk Disclosure
- Comprehensive risk warnings
- Investment-specific risk factors
- Liquidity risk notifications
- Market risk explanations
- Platform risk disclosures
Compliance Monitoring & Reporting
Internal Controls
- • Designated Compliance Officer (DCO)
- • Regular compliance audits and reviews
- • Staff training and certification programs
- • Policy updates and regulatory change management
- • Incident reporting and remediation procedures
External Reporting
- • Quarterly compliance reports to SEC Ghana
- • Suspicious transaction reports to FIC Ghana
- • Annual independent compliance audit
- • Regulatory examination cooperation
- • Investor complaint tracking and resolution
Data Protection & Privacy
In compliance with the Data Protection Act, 2012 (Act 843) and emerging data privacy regulations:
- Secure data storage with encryption at rest and in transit
- Limited data collection for legitimate business purposes only
- Regular security assessments and penetration testing
- Data breach notification procedures
- Customer data access and deletion rights
Compliance Contact
Chief Compliance Officer
BantuHive Ltd
Email: compliance@bantuhive.com
Phone: +233 (0) 200 415 683
Address: HNO. B293, Apollo, Takoradi, Ghana