Risk & Safety
AML and Fraud Prevention Policy
Akara uses fraud prevention and anti-abuse controls to help keep peer-to-peer exchange coordination safer.
EFFECTIVE: JULY 5, 2026
Akara does not hold, receive, escrow, custody, remit, convert, or move user funds. Users send money directly to each other through their own bank or mobile money accounts. Users must confirm payout details before sending money. KYC data, receipts, and WhatsApp chat records may be used for fraud prevention and dispute review. Akara may pause trades, restrict accounts, suspend listings, require admin review, or block users where needed for safety.
Key reminders
- Akara does not hold or move funds
- Confirm payout details before sending
- KYC data, receipts, and chat records may be used for fraud prevention and dispute review
- Akara may pause trades or restrict accounts for safety
Akara's Role
Akara provides software tools only. Akara is not a licensed bank, payment processor, remittance company, wallet, or escrow provider, and does not hold or move user funds. Akara's controls focus on the coordination layer: who is verified, what is listed, what is claimed, and what evidence supports it.
What Akara Reviews
- Fake or manipulated receipts
- Abandoned trades
- Repeated cancellations
- Mismatched payout names
- Duplicate listings
- High-value activity
- Attempts to bypass Akara's flow
- Fraud reports from users
- Abusive behaviour
- Users receiving money without fulfilling their side of a trade
User Responsibilities
- Verify with your real identity
- Provide accurate information
- Use only your own payout account
- Confirm payout details before sending money
- Upload true, unedited receipts
- Avoid unlawful or deceptive activity
Safety Actions
Where Akara identifies risk, it may restrict accounts, pause trades, remove listings, reduce limits, request additional evidence, block users, preserve records, and report activity where required by law.
Use of Records
KYC data, receipts, payout details, trade history, risk notes, and WhatsApp chat records may be used for fraud prevention and dispute review.