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Crypto Exchange Compliance in Nigeria: VASP, AML, Custody, and Security Evidence

Digital-asset teams need a defensible evidence trail for licence readiness, custody, AML/KYT, customer assets, platform security, and incident response.

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Topic depth

What regulated teams should understand.

Evidence areas for exchanges

Exchange readiness spans customer controls, asset custody, transaction monitoring, partner risk, platform security, and operational resilience.

KYC/CDD and AML/KYT evidence
Wallet and custody controls
Travel Rule readiness
API, secrets, and platform security findings

How Shomar supports VASP readiness

Shomar creates a single evidence workspace where compliance and security teams can show progress and ownership.

Assign the VASP bundle
Attach custody and KYT proof
Map findings to obligations
Export VASP readiness packs
Evidence checklist

Proof to collect and keep fresh.

1
VASP scope memo
2
KYC/CDD evidence
3
KYT alert workflow
4
Wallet custody controls
5
Asset reconciliation
6
API security scan
7
Incident response plan
Common mistakes

Where teams lose visibility.

Separating platform security from licence readiness
Weak custody evidence
Manual KYT proof without review trail
No retest evidence after critical findings
FAQ

Questions this page should answer clearly.

Is crypto compliance only about AML?
No. AML is central, but regulated readiness also touches custody, customer assets, platform security, data protection, incidents, and governance.
Can Shomar help exchanges prepare evidence packs?
Yes. Shomar helps organize obligations, owners, proof, security findings, and readiness reports.
Related Shomar pages
Nigerian Crypto Vasp TradingAssessmentDemo
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