Compliance at Olympus.

How Olympus approaches identity verification, AML/CFT, transaction monitoring and data protection, and the status of its regulatory position.

Regulatory status Talk to Olympus

Compliance review

Review queue

Case	Type	Trigger	Status
KYC-0418	Business verification	Beneficial owner pending	In review
TM-2207	Transaction monitoring	At or above BWP 10,000 threshold	Flagged, not blocked
KYC-0417	Identity check	Document and selfie match	Approved

Illustrative interface.

Regulatory status.

This section describes Botswana. The United Kingdom is separate: see Olympus UK and Legal.

Olympus Pay Proprietary Limited

Registration No. BW00009700756, incorporated in Botswana.

Olympus Pay Proprietary Limited is an admitted member of the Bank of Botswana Regulatory Sandbox, operating as a Digital Bank under sandbox conditions.

What sandbox status means

Olympus operates within conditions approved and supervised by the Bank of Botswana. Under the Terms, a maximum single transaction of BWP 5,000 and a maximum account balance of BWP 20,000 by regulatory directive, to be revised over time. Check the current Terms for the figures that apply now.

Olympus holds no banking licence. See Legal for regulatory information.

The compliance programme.

KYC and KYB

Government ID and biometric selfie for individuals. Business details, directors, shareholders and source of funds for companies, with beneficial owners verified individually.

Identity

Biometric verification with an approved provider, and device signals on sign-in.

AML/CFT/CPF

Programme aligned to Botswana’s Financial Intelligence Act, 2022. Activity that breaches it is prohibited under our Terms.

Sanctions screening

Screening against OFAC, UN, EU and local sanctions lists.

Transaction monitoring

Transactions at or above BWP 10,000, electronic or international, are flagged for eventual reporting to the Financial Intelligence Agency. Flagged means reviewed, not blocked.

Data protection

Personal data handled in line with the Data Protection Act 2024. Records retained at least seven years after account closure where regulation requires.

How a case is handled.

Trigger
Verification result, a monitoring rule or a suspicion raised.
Review
A person looks at the case. Nothing is auto-approved or silently blocked.
Decision
Approve, request more information, hold or escalate.
Record
The decision and reasoning are kept for audit.