Compliance

Last updated: June 2026

Overview

OliveSend is committed to operating with full transparency and in strict accordance with the laws and regulations of Liberia and all jurisdictions in which we operate. Our compliance framework is designed to protect our customers, prevent financial crime, and maintain the highest standards of integrity in every transaction.

1. Licensing & Registration

OliveSend Inc. is a registered money transfer operator incorporated under the laws of Liberia, with its registered office at 3rd Street, Sinkor, Monrovia, Liberia. We operate in compliance with the Central Bank of Liberia's guidelines for payment service providers and money transfer businesses.

All cross-border transfers conducted through OliveSend are processed through licensed banking and payment partners who are themselves regulated in their respective jurisdictions.

2. Anti-Money Laundering (AML) Policy

OliveSend maintains a comprehensive Anti-Money Laundering program that includes:

• Ongoing monitoring of all transactions for suspicious activity
• Automatic flagging and review of transactions that exceed regulatory thresholds
• Reporting of suspicious transactions to the Financial Intelligence Unit (FIU) of Liberia as required by law
• Regular staff training on AML obligations and red flags
• Periodic independent audits of our AML controls

We take money laundering seriously. Any account found to be involved in suspicious financial activity will be suspended immediately and reported to the relevant authorities.

3. Know Your Customer (KYC) Requirements

Before sending money through OliveSend, all users are required to complete identity verification. This is a legal requirement and helps us protect our customers from fraud. Our KYC process requires:

• A valid government-issued photo ID (passport, national ID, or driver's licence)
• Proof of address where applicable
• Selfie verification to confirm identity

Enhanced due diligence may be required for larger transactions or higher-risk profiles, in line with Liberian financial regulations.

4. Sanctions Compliance

OliveSend screens all customers and transactions against international sanctions lists, including those issued by the United Nations, the United States Office of Foreign Assets Control (OFAC), and the European Union. We do not facilitate transfers to or from sanctioned individuals, entities, or jurisdictions.

5. Data Protection

We handle all personal and financial data in accordance with applicable data protection laws. Customer data is encrypted, stored securely, and never sold to third parties. For full details, please refer to our Privacy Policy.

6. Reporting a Concern

If you have a concern about a potentially suspicious transaction or believe OliveSend is being misused, please contact our compliance team immediately:

Email: compliance@olivesend.com
Address: OliveSend Inc., 3rd Street, Sinkor, Monrovia, Liberia