AML/CFT Policy

1. Commitment

Yoike Solutions Ltdy. is committed to preventing the use of its digital asset conversion and M-Pesa disbursement service for money laundering, terrorist financing, or other financial crimes. This policy outlines the measures we have in place to detect, prevent, and report suspicious activity.

Pronto Parrot is a virtual asset off-ramp service. We do not provide money remittance, money transfer, or cross-border payment services.

2. KYC Requirements

All users must complete the following verification before using Pronto Parrot:

• Identity verification: National ID or passport verified via Smile ID (Enhanced KYC + liveness check)
• M-Pesa verification: Phone number verified via Safaricom Daraja API, with name cross-checking
• Name matching: Automated fuzzy matching between Smile ID and Daraja names (minimum 75% match threshold)

3. Transaction Monitoring

All conversions are monitored for suspicious patterns including:

• Conversion limits: $100-$500 per transaction, $500 weekly, $2000 monthly
• Daily frequency limits: Maximum 5 conversions per day
• Rapid succession detection: 3+ transactions within 1 hour
• Pattern analysis: Consecutive round-number transactions
• Risk scoring: LOW, MEDIUM, HIGH classification for each transaction

4. Reporting Obligations

Yoike Solutions Ltdy. will file Suspicious Transaction Reports (STRs) with the Financial Reporting Centre (FRC) as required by Kenyan law. We cooperate fully with law enforcement and regulatory authorities.

5. Record Keeping

All transaction records, KYC documentation, and AML monitoring logs are retained for a minimum of 7 years in compliance with Kenyan regulations.

6. Staff Training

Yoike Solutions Ltdy. ensures that all personnel involved in the operation of Pronto Parrot receive appropriate training on AML/CFT requirements and procedures.

7. Contact

For compliance enquiries: support@prontoparrot.com