Compliance & Security

Compliance Framework

The controls, processes, and standards that underpin every transaction on the platform.

Compliance is not a feature of NiyoGate — it’s the foundation. When we say every transaction is screened, we mean it literally: every payout instruction that enters our system passes through sanctions screening, beneficiary verification, and transaction monitoring before it reaches the banking partner for settlement. There is no fast-track that bypasses these checks, and there is no manual override available to clients.

This isn’t just about regulatory obligation — though we take that seriously. It’s about maintaining the banking relationships that make our infrastructure possible. Licensed financial institutions don’t partner with platforms that cut corners on compliance. The rigour of our screening and monitoring processes is directly tied to our ability to offer these corridors at all.

Client Onboarding

KYC / KYB Verification

Every client completes structured KYB verification before receiving API credentials. We verify corporate identity against the relevant company registry, identify beneficial owners at 25%+, check directors against identity documents, and assess source of funds.

On top of the documentary checks, we conduct an initial risk assessment that considers the client’s industry classification, the jurisdictions they operate in, their expected transaction profile (volume, frequency, average size, corridors), and the nature of their beneficiaries. Clients assessed as higher risk — which may include businesses with complex multi-jurisdictional structures, those operating in industries with elevated money laundering risk, or those with expected transaction profiles that are unusual for their stated business model — are subject to Enhanced Due Diligence (EDD). EDD involves more granular documentation requirements and requires senior compliance sign-off before the client is activated.

KYB is not a one-time event. We conduct periodic reviews of all clients — the frequency depends on the risk rating — and any material change in a client’s business model, ownership, or transaction profile triggers a re-assessment.

Ongoing Controls

Transaction Monitoring & Screening

Sanctions Screening
Every client and every beneficiary is screened against OFAC SDN, EU Consolidated List, UN Security Council, and UK HMT Financial Sanctions lists. This screening runs at onboarding, on every transaction, and continuously as lists are updated — typically within hours of a new designation being published. Partial and fuzzy matches are not auto-cleared; each one receives manual compliance review. Positive matches result in immediate transaction holds and, where required, regulatory reporting.
Transaction Monitoring
Automated monitoring covers velocity anomalies, structuring patterns, concentration risk, and geographic risk indicators. Alerts triaged within defined SLAs. Rule sets recalibrated quarterly based on FATF typologies and operational data.
PEP Screening
Politically Exposed Persons, their relatives, and close associates are identified through our screening process. Where a PEP relationship is identified, Enhanced Due Diligence is applied automatically — this includes senior management review, enhanced ongoing monitoring, and additional source of wealth verification. PEP status alone is not a basis for declining a client, but it does trigger the additional controls that international best practice and our banking partners require.
SAR / STR Reporting
Where our monitoring identifies or our compliance team suspects money laundering, terrorist financing, or other financial crime, we are obligated to file Suspicious Activity Reports (SARs) or Suspicious Transaction Reports (STRs) with the relevant financial intelligence unit in the appropriate jurisdiction. We are legally prohibited from informing the client that a report has been filed (the “tipping off” prohibition). All SAR/STR documentation is retained in accordance with our record-keeping obligations.
Data Security

Technical Security Controls

Our security architecture follows the defence-in-depth principle — multiple overlapping layers of controls that protect data at rest, in transit, and during processing. Here’s the specifics rather than the usual hand-waving.

AES-256 encryption at rest for all stored data, including backups
TLS 1.3 enforced on all API endpoints and internal services — no fallback to older protocols
Personally identifiable information (PII) is tokenised and stored in isolated encrypted vaults, separate from transactional data
API authentication via scoped tokens with configurable IP whitelisting and rate limiting
Role-based access controls with principle of least privilege across all internal systems
Comprehensive audit logging on all data access and system changes
Regular penetration testing by independent security firms, with remediation tracked to closure
SOC 2

Annual Type II audit covering security, availability, and confidentiality controls

TLS 1.3

Mandatory encryption on all connections — API, dashboard, webhooks, internal services

AES-256

Industry-standard encryption at rest for all databases, vaults, and backup systems

Regulatory Disclosures

Niyogate Tech Solutions - FZCO operates as a payment infrastructure provider through contractual partnerships with regulated financial institutions. We are not a bank, money services business, or payment processor. We do not hold, custody, transmit, or have access to client funds at any point in the payment lifecycle.

All payment processing, foreign exchange conversion, and fund settlement are performed by banking partners that hold the requisite authorisations from the Reserve Bank of India (RBI), Central Bank of the UAE (CBUAE), Central Bank of Kenya (CBK), and Central Bank of Nigeria (CBN).

For compliance-related enquiries: team@niyogate.com

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