Compliance Information

Last Updated: January 15, 2025
Document Version: 1.0
Compliance Officer: compliance@unamesmart.com

Regulatory Overview

UNamesMart operates as a digital services marketplace platform and is committed to maintaining compliance with applicable laws and regulations in our operational jurisdictions.

Primary Operating Jurisdiction: Cameroon
Secondary Jurisdictions: European Union, United States

1. Business Registration and Licensing

1.1 Corporate Structure

Legal Entity: UNamesMart SARL
Registration Number: [Company Registration Number]
Jurisdiction: Republic of Cameroon
Registered Address: [Physical Address], Douala, Cameroon

Business License: [License Number]
Tax Identification: [Tax ID Number]
Commercial Registry: [Registry Number]

1.2 Operational Permits

✅ Digital Services License - Cameroon Ministry of Telecommunications
✅ Payment Service Provider Registration - Bank of Central African States
✅ Data Processing Registration - National Agency for Information and Communication Technologies

2. Financial Services Compliance

2.1 Anti-Money Laundering (AML)

AML Compliance Program includes:

🔍 Customer Due Diligence (CDD)

Identity verification for all users
Enhanced due diligence for high-risk customers
Ongoing monitoring of customer activities
Politically Exposed Persons (PEP) screening

📊 Transaction Monitoring

Automated suspicious transaction detection
Real-time transaction screening
Threshold-based reporting systems
Pattern analysis and risk scoring

📋 Record Keeping

Comprehensive transaction records (5+ years)
Customer identification documentation
Suspicious activity reports (SARs)
Training and compliance documentation

2.2 Know Your Customer (KYC)

KYC Requirements:

Level 1 Verification (Basic Account)

Email address verification
Mobile phone verification
Basic identity information

Level 2 Verification (Enhanced Account)

Government-issued ID verification
Address proof documentation
Facial recognition verification
Enhanced transaction limits

Level 3 Verification (Premium Account)

Additional identity verification
Source of funds documentation
Enhanced monitoring and reporting
Maximum transaction limits

2.3 Payment Services Regulation

Compliance with Central African Economic and Monetary Union (CEMAC) regulations:

Payment Service Provider (PSP) registration
Capital adequacy requirements
Consumer protection measures
Cross-border payment reporting
Foreign exchange compliance

3. Data Protection and Privacy

3.1 Data Protection Laws

Cameroon Data Protection Law (2019)

Personal data processing registration
Data subject rights implementation
Privacy impact assessments
Data breach notification procedures

EU General Data Protection Regulation (GDPR)

Lawful basis for processing
Data subject rights (Article 12-23)
Privacy by design and default
Data Protection Impact Assessments (DPIAs)

3.2 Cross-Border Data Transfers

Transfer Mechanisms:

Standard Contractual Clauses (SCCs)
Adequacy decisions where available
Binding Corporate Rules (BCRs)
Appropriate safeguards implementation

Data Processing Locations:

Primary: European Union (GDPR-compliant)
Secondary: Canada (Adequacy decision)
Backup: United States (Privacy Shield framework)

4. Consumer Protection

4.1 Consumer Rights

Transparency Requirements:

Clear service descriptions and pricing
Terms and conditions in plain language
Prominent display of important information
Right to cancel and refund policies

Complaint Resolution:

Internal complaint handling procedures
External dispute resolution mechanisms
Consumer protection authority cooperation
Compensation schemes where applicable

4.2 Advertising and Marketing

Compliance Standards:

Truth in advertising principles
Clear and conspicuous disclosures
Substantiation of claims
Respect for "Do Not Call" registries

5. Platform-Specific Compliance

5.1 Intermediary Liability

Notice and Takedown Procedures:

Copyright infringement reporting
Trademark violation processes
Illegal content removal procedures
Counter-notification mechanisms

5.2 Content Moderation

Community Guidelines Enforcement:

Prohibited content identification
User reporting mechanisms
Content review processes
Appeal and restoration procedures

6. Sector-Specific Regulations

6.1 Digital Services Act (EU)

Compliance Measures:

Illegal content removal procedures
Transparency reporting requirements
Risk assessment and mitigation
External auditing where applicable

6.2 Telecommunications Regulations

Cameroon Telecommunications Law:

Electronic communications compliance
Number portability requirements
Universal service contributions
Interconnection obligations

7. Tax Compliance

7.1 Corporate Taxation

Cameroon Tax Obligations:

Corporate income tax (35%)
Value-added tax (19.25%)
Digital services tax (3%)
Withholding tax requirements

7.2 International Taxation

Multi-Jurisdictional Compliance:

Transfer pricing documentation
Country-by-country reporting
Permanent establishment considerations
Double taxation treaty benefits

7.3 User Tax Obligations

Important Notice for Users:

⚠️ Tax Responsibility: Users are responsible for complying with their local tax obligations regarding:

Income from digital asset sales
Capital gains on cryptocurrency transactions
Business income from reselling services
VAT/sales tax on applicable transactions

We recommend consulting with tax professionals in your jurisdiction.

8. Cryptocurrency Compliance

8.1 Virtual Asset Service Provider (VASP) Registration

FATF Compliance:

Travel Rule implementation
Suspicious transaction reporting
Customer identification and verification
Record keeping requirements

8.2 Anti-Money Laundering for Crypto

Enhanced Due Diligence:

Crypto wallet address monitoring
Source of funds verification
Sanctions screening
Transaction risk assessment

9. Intellectual Property Compliance

9.1 Copyright Protection

Digital Millennium Copyright Act (DMCA) Compliance:

Designated agent registration
Notice and takedown procedures
Counter-notification processes
Repeat infringer policy

9.2 Trademark Protection

Brand Protection Measures:

Trademark monitoring systems
Brand abuse reporting mechanisms
Domain name protection
Counterfeit goods prevention

10. Employment and Labor Law

10.1 Workplace Compliance

Cameroon Labor Code Compliance:

Employment contract requirements
Working time regulations
Health and safety standards
Social security contributions

10.2 Remote Work Compliance

Multi-Jurisdictional Considerations:

Cross-border employment taxation
Social security coordination
Data protection for employees
Immigration and work permit requirements

11. Risk Management and Internal Controls

11.1 Compliance Risk Assessment

Regular Assessment Areas:

Regulatory change monitoring
Compliance gap analysis
Risk mitigation strategies
Control effectiveness testing

11.2 Training and Awareness

Compliance Training Program:

Regular employee training sessions
AML/KYC certification requirements
Data protection awareness
Code of conduct implementation

12. Regulatory Reporting

12.1 Mandatory Reporting

Regular Reports:

AML/CFT annual reports
Data protection compliance reports
Tax returns and documentation
Financial services regulatory filings

12.2 Incident Reporting

Immediate Reporting Requirements:

Suspicious transaction reports (STRs)
Data breach notifications (72 hours)
Cybersecurity incidents
Consumer complaints escalation

13. Third-Party Compliance

13.1 Vendor Management

Due Diligence Requirements:

Compliance certification verification
Regular compliance audits
Contract compliance clauses
Performance monitoring

13.2 Payment Partner Compliance

Partner Requirements:

Licensed payment service providers
AML/KYC compliance certification
Data security standards (PCI DSS)
Regular compliance assessments

14. Compliance Monitoring and Auditing

14.1 Internal Compliance Monitoring

Ongoing Monitoring:

Real-time transaction monitoring
Regular compliance testing
Policy effectiveness reviews
Staff compliance training

14.2 External Auditing

Independent Assessments:

Annual compliance audits
Security assessments
Financial audits
Regulatory examinations

15. Compliance Contacts

15.1 Internal Compliance Team

Chief Compliance Officer

Email: compliance@unamesmart.com
Phone: +237-XXX-XXX-XXX

Data Protection Officer

Email: dpo@unamesmart.com
EU Representative: [EU DPO Contact]

AML/Financial Crimes Officer

Email: aml@unamesmart.com
Suspicious Activity Reporting: sar@unamesmart.com

15.2 Regulatory Authorities

Primary Regulators:

Cameroon: National Agency for Information and Communication Technologies (ANTIC)
Banking: Bank of Central African States (BEAC)
Tax: General Directorate of Taxes (DGI)

Data Protection Authorities:

Cameroon: National Commission for Human Rights and Freedoms
EU: Relevant supervisory authority for EU users

16. Compliance Updates and Changes

16.1 Regulatory Change Management

Monitoring Process:

Continuous regulatory environment scanning
Impact assessment of new regulations
Implementation planning and timeline
Stakeholder communication

16.2 Document Updates

This compliance document is reviewed and updated:

Quarterly: Regular review cycle
As Needed: When regulations change
Annual: Comprehensive compliance review

Users will be notified of significant compliance changes through:

Platform notifications
Email communications
Website updates
Legal document updates

For compliance-related inquiries: Email: compliance@unamesmart.com
Phone: +237-XXX-XXX-XXX
Response Time: Within 48 hours

This compliance information is provided for transparency and educational purposes. It does not constitute legal advice. Users should consult with qualified legal professionals regarding their specific compliance obligations.