Regulatory & legal disclosures
Vastel operates in partnership with licensed financial institutions across CEMAC. This page is updated whenever our licensing posture changes.
Cameroonian société à responsabilité limitée. RCCM: RC/YAO/2024/B/00742. Tax ID (NIU): P018412345678X. Headquartered at Rue 1839, Bastos, Yaoundé, Cameroon.
Vastel processes Mobile Money via licensed aggregators directly integrated with MTN MoMo and Orange Money across Cameroon, Gabon, Chad, Equatorial Guinea, the Central African Republic and the Republic of Congo.
Virtual Visa and Mastercard cards are issued by our BIN-sponsor partner — a PCI-DSS Level 1 certified institution, principal member of both Visa and Mastercard networks, and a regulated EMI in its home jurisdiction.
Crypto liquidity is provided by licensed Virtual Asset Service Providers (VASPs) registered in Estonia and Lithuania. Vastel is non-custodial — we never hold customer crypto, even briefly.
Vastel applies a risk-based AML/CTF programme aligned with CEMAC GABAC standards. We screen every customer against UN, OFAC and EU sanctions lists and apply enhanced due diligence above country-specific thresholds.
ZIDITEC SARL is a registered data controller with the Cameroonian National Agency for Information and Communication Technologies (ANTIC), reference DCP/2024/0817.
Jurisdictional scope
Vastel is currently operating in the six CEMAC member states. The table below summarises the framework applicable in each country.
| Country | Regulator | Status |
|---|---|---|
| Cameroon | MINFI / COBAC | Operating via licensed aggregator |
| Gabon | MEF / COBAC | Operating via licensed aggregator |
| Chad | MFB / COBAC | Operating via licensed aggregator |
| Equatorial Guinea | MHF / COBAC | Operating via licensed aggregator |
| Central African Republic | MEFP / COBAC | Operating via licensed aggregator |
| Republic of Congo | MFB / COBAC | Operating via licensed aggregator |
AML / CTF programme highlights
- Customer Due Diligence (CDD) for every account before the first crypto buy, sell or card top-up.
- Enhanced Due Diligence (EDD) for politically exposed persons (PEPs) and high-value customers.
- Continuous transaction monitoring with rule-based and behavioural risk engines.
- Sanctions screening against UN, OFAC, EU, UK HMT and CEMAC GABAC lists.
- Suspicious Transaction Reports (STRs) filed with GABAC where applicable.
- Annual independent AML audit and quarterly internal compliance reviews.
Consumer protection
Customer Mobile Money balances are held by the licensed aggregator and segregated from operational funds. Card balances are held by the BIN-sponsor partner in segregated safeguarded accounts. Vastel does not pool customer money on its balance sheet.
Contact
For licensing or partnership inquiries, contact legal@vastel.app or write to our Compliance Officer at ZIDITEC SARL, Rue 1839, Bastos, BP 8124 Yaoundé, Cameroon.
Last updated: 1 June 2026.