Money Launderingrefers to the process of concealing the source of legally and illegally and grey area obtained monies. The methods by which money may be laundered are varied and can range in sophistication.
To maintain our integrity as a leading online and mobile payments platform, Cofred is legally bound by the laws of the Republic of Ghana and following the enactment of the Anti-Money Laundering Act, 2008 (Act 749), the Anti-Terrorism Act, 2008 (Act 762) and the subsequent passage of the Anti-Money Laundering Regulations, 2011 (L.I.1987) to give necessary attention to the fight against money laundering and terrorist financing.
Our Approach To Detect
You may find that you are asked to confirm your identity and other personal details. Cofred has established special verification systems involving your bank account or payment card to prove your identity. To safeguard the integrity of our payment system, your Cofred account may also be subject to periodic transaction limits depending on your user status.
You could be asked to confirm your identity whether you are applying to be a new customer or have been a customer for some time. While our identity verification systems are designed to minimise any inconvenience for you, the verification process may take several days to complete.
Our Reasons To Detect
Crime and terrorism need cash. Criminals turn the "dirty" cash made from drug trafficking, smuggling, and robbery into clean money by using false identities or taking the names of innocent people - like you. Making sure that people are who they say they are is essential in the fight against crime and terrorism. This does not mean in any way that suspicion is falling on you. Any information about your identity is held confidentially and will help stop your identity being used falsely.
Helping Governments and Authorities
The Ghana Government and all organizations involved in financial services are all united in their determination to stop the spread of financial crime as part of the international effort to crack down on financial crime - protecting us all against crime and terrorism.
Your co-operation is vital to the successful fight against crime and terrorism.
The laws of the Republic of Ghana and the Federal Republic of Nigeria requires:
Dear Valued Customer,
In other to keep up with our fast-growing users base and to better serve you, we are restructuring the Cofred system by separating our services into six different platforms as listed below:
This will feature buying, selling and storing of digital currencies like Bitcoin.
This will feature buying and selling of PayPal.
This will feature buying and selling of PerfectMoney.
This will feature money transfer and bills payments.
This will feature our investment programme.
This will feature buying and selling between merchants and buyers.
We will be launching each of these platforms one after the other as soon as they are ready.
In this regards, we are pleased to announce to you that we have completed work on the CofredCoin platform and we are ready to launch it on the 30th June 2018. Upon the launch, we will no longer support digital currencies on the current Cofred platform. This means all Cofred users who are currently using their Cofred account for buying and selling of digital currencies like Bitcoin, you are hereby advised to start preparing to move to the CofredCoin platform before or on 30th June 2018.
For more information about the CofredCoin platform, kindly visit www.cofredcoin.com or download our android mobile application by following this link https://goo.gl/akMsi1 or send us an email at email@example.com
We hope to release all these platforms before the close of the year! We will keep you posted as these platforms unfold.
Feel free to contact us via our support page at www.cofredsupport.com to leave us a message or to learn more about our services.
Your Cofred Team