Is Yellow Card Regulated?

Yes, Yellow Card is regulated in each jurisdiction in which we operate. 

We work with local regulators in each of these jurisdictions to meet the appropriate legal requirements that are best for ourselves and our customers.

We ensure that we meet each country's financial services and consumer protection laws. 

As Africa's fastest-growing on/off ramp, Yellow Card is committed to compliance with all applicable laws and regulations regarding Anti-Money Laundering ("AML").

Yellow Card's policy and practice are to prevent people engaged in money laundering, fraud, and other financial crimes, including terrorist financing, from using Yellow Card's services. Our rigorous KYC process at each Tier is evidence of this.

Yellow Card is committed to implementing the U.N. Security Council Resolutions (UNSCRs) for financial institutions.

Amongst other measures, the UNSCRs may impose targeted financial sanctions against specific individuals and entities identified by the U.N. Security Council (or relevant U.N. Committees) as contributing to a particular threat to, or breach of, international peace and security. 

For instance, there are UNSCRs issued to address risks of proliferation of weapons of mass destruction emanating from Iran and the Democratic People's Republic of Korea.

Yellow Card affects such targeted financial sanctions under the UNSCRs, which require countries to ensure their financial institutions take specific measures.

Since we are focused on Africa and do not currently have any U.S. customers, we currently file the appropriate tax requirements as we are required to in the U.S. We are also in the process of getting more regulatory approvals to enable us to expand to more countries and to meet even higher global standards.

Thank you for choosing Yellow Card.