Developer Documentation

Regulatory Readiness

Regulatory Readiness Notes

This is internal preparation documentation only. It does not claim Bank of Ghana approval, payment service provider licensing, legal clearance, or Data Protection Commission approval.

Ghana-Focused Readiness Areas

• Fintech/payment service provider discussions: prepare business model, transaction flow diagrams, settlement model, provider relationships, risk controls, and customer/merchant terms.
• Bank of Ghana engagement preparation: document wallet/ledger controls, safeguarding approach, reconciliation, settlement, reversals, complaints, fraud monitoring, and outsourcing/provider dependencies.
• Data Protection Commission readiness: maintain privacy data map, lawful basis, retention, breach response, processor list, and data subject request process.
• AML/KYC controls: merchant/customer onboarding, Ghana Card/business document validation, risk scoring, suspicious activity review, and audit trail.
• Transaction monitoring: velocity, high amount, device, blacklist, provider mismatch, and repeated failed attempt alerts.
• Suspicious activity reporting placeholder: define escalation from risk alert to compliance review.
• Merchant onboarding controls: phone verification, KYC, admin approval, QR activation, suspension.
• Customer onboarding controls: phone verification, device tracking, PIN, wallet limits.
• Audit trail controls: immutable financial records, audit logs, admin activity logs, request IDs.
• Settlement controls: settlement generation rules, no failed/reversed transactions, approval workflow, reconciliation.
• Complaint/dispute handling: dispute records, messages, support/admin workflows, resolution audit.
• Data retention: define retention by data category before public launch.
• Incident response: use incident-response-plan.md.
• Business continuity: backups, restore drills, queue recovery, provider outage runbooks.