Yellow Card Reports Suspicious Transfers to NFIU

Yellow Card, a licensed stablecoin infrastructure and payments provider, has committed to reporting suspicious stablecoin transfers to the Nigerian Financial Intelligence Unit (NFIU) to uphold transparency and regulatory compliance. Lasbery Oludimu, Group Vice President of Operations and Managing Director of Yellow Card Nigeria, stated that the company self-regulates by reporting any suspicious activity, even if the NFIU is unaware.

Yellow Card recently raised $40 million in a strategic funding round, bringing its total equity financing to over $120 million, and operates in more than 50 markets, including Nigeria. The new funding will enhance its Global USD Accounts and strengthen stablecoin connections across markets.

The company has made significant regulatory progress, including securing AML affiliation in Switzerland. Yellow Card has also established partnerships with global institutions such as Visa and Mastercard and was recognized in Fortune’s inaugural Crypto Innovators list for its contributions to the digital asset ecosystem.