RBZ Compliance
Lynia Finance operates within the regulatory framework established by the Reserve Bank of Zimbabwe.
Know Your Customer (KYC)
All customers undergo identity verification in accordance with RBZ requirements. We verify national IDs, collect proof of residence for loans exceeding $500, and require source of income declarations for loans above $1,000.
Transaction Limits
$5,000
Daily limit (USD equivalent)
$50,000
Monthly limit (USD equivalent)
$2,000
Single transaction limit
Record Retention
In compliance with RBZ directives, we maintain:
- Transaction records for 7 years
- KYC documents for 10 years
- Audit logs for 5 years
Reporting Obligations
We submit Suspicious Transaction Reports (STRs) within 24 hours of detection, provide monthly transaction reports to the Reserve Bank of Zimbabwe, and undergo annual compliance audits.
Multi-Currency Support
All amounts are stored and displayed in their original currency. We support USD, ZWL, and ZAR in compliance with Zimbabwe's multi-currency framework.
Data Protection
All personally identifiable information is encrypted at rest and in transit. We use TLS 1.3 for all communications, implement field-level encryption for sensitive data, and maintain strict access controls audited on a quarterly basis.