FuelSync · Legal

AML, KYC & Sanctions Policy

Last updated · 6 June 2026

FuelSync is committed to preventing the use of the marketplace for money laundering, terrorist financing, sanctions evasion, fuel smuggling and tax fraud. This policy summarises the controls we apply under the Financial Intelligence Centre Act 38 of 2001 (FICA), the Prevention and Combating of Corrupt Activities Act 12 of 2004, and international sanctions regimes (UN, EU, OFAC, UK HMT).

1. Customer due diligence

Every business account is screened on onboarding and re-screened periodically. We collect company registration, beneficial ownership (≥ 25%), director IDs, tax clearance, fuel licences (where applicable) and bank verification.

2. Sanctions screening

We screen counterparties and beneficial owners against UN, EU, OFAC, UK HMT and South African Targeted Financial Sanctions lists. A confirmed hit results in immediate account block and a Suspicious Transaction Report (STR) to the Financial Intelligence Centre.

3. Transaction monitoring

Order volume, frequency, payment patterns, depot routing and counterparty diversity are monitored continuously. Unusual activity triggers an internal review and, where warranted, an STR.

4. Source of funds

For wallet top-ups above R250,000 in a 30-day window we may request documentary evidence of source of funds.

5. Record-keeping

We retain KYC and transaction records for at least 5 years after account closure, in line with FICA.

Questions about this policy?

Email legal@fuelsync.africa or visit our contact page. FuelSync Africa (Pty) Ltd · Johannesburg, South Africa.