AMLBot

Terms of Service

TERMS OF USE 

for AMLBot Website (https://amlbot.com)

    1. These Terms of Use (the “Terms of Use”) constitute an agreement between the user, an individual or legal entity using the services of AMLBot (the “User”, “You”) and AML CORPORATION LIMITED, a private limited company incorporated in England and Wales with company number 13020363, whose registered office address is 21 Ellis Street, London, United Kingdom, SW1X 9AL (the “Company”, “We”), which operates AMLBot website available at https://amlbot.com.
    2. The Company provides the services of AML and KYC checks, suspicious transactions reports, personal AML officer, API integration and 24/7 support of its IT team through AMLBot software made available to Users via the  AMLBot website. 
    3. Before using any of the Company’s services, provided via the AMLBot Website the User must agree: 
      1. To these Terms of Use and the Privacy Policy; 
      2. In case of individuals – that they are at least eighteen years of age, or the age of legal majority in their jurisdiction if older than eighteen; 
      3. That they have the right, power, capacity and authority to lawfully enter into the Terms of Use and agree to the Privacy Policy. 
  • DEFINITIONS
      1. Website” means the AMLBot website operated by the Company and available at https://amlbot.com;   
      2. User” means an individual or a legal entity that has read and agreed to the Terms of Use, the Privacy Policy and uses the services of AMLBot provided by the Company through the Website; 
      3.  “Softwaremeans the Company`s software application or applications and any third party or other software, and all new versions, updates, revisions, improvements and modifications of the foregoing, that the Company provides remote access to and use of via the Website as part of the Services ;
      4. Intellectual Property Rights” means all patent rights, copyright rights, mask work rights, moral rights, rights of publicity, trademark, trade dress and service mark rights, goodwill, trade secret rights and other intellectual property rights as may now exist or hereafter come into existence, and all applications therefore and registrations, renewals and extensions thereof, under the laws of any state, country, territory or other jurisdiction. 
  • SERVICES PROVIDED BY THE COMPANY
      1. The services of AMLBot provided by the Company and available to Users via the Website (the “Services”) are as follows: 
        1. AML Checks meaning the service of provision of an automated search for the purposes of compliance with the anti-money laundering and counter-financing of terrorism regulation under the Financial Action Task Force (on Money Laundering) (FATF) Recommendations, the European Union’s Fourth Anti-Money Laundering Directive (AMLD4) and the legislation applicable to the User. The check shall be carried out by the Company’s Software. The Software provided by the Company for the purposes of AML check is made available to the User in an “as is” condition, without warranty or representation of any kind, including, without limitation, any implied warranties of suitability for a particular purpose. The Company shall not be liable to make any improvement or alteration of the Software. 
        2. KYC checks meaning the provision of the following services:
          1. Document integrity check involving automated verification of the photos and scanned copies of physical KYC documents provided by the User by carrying out a comprehensive analysis of any image or series of images for signs of tampering or modification through the use of graphic editors and providing a trust score of each reviewed document;
          2. Text recognition involving automated extraction of data from documents provided by the User;
          3. Face match check involving confirmation of matches of an image of a person’s face among a range of other photo images found in various documents and generation of a completed search results in a “Match / Doesn’t Match” format;
          4. Identity check involving verification of a person’s identity by matching his or her passport data against data from multiple Document Check databases;
          5. Global Sanctions, PEP, Watchlists, Blacklists, Prohibited Countries check involving checking whether the person is on any of the global sanctions lists, PEP lists, watchlists, blacklists, or comes from prohibited countries;
          6. Additional check including (1) checking the completeness of documents provided by the User; (2) checking whether photos provided by the User have been retaken from a screen; (3) cross-checking of all data from all submitted documents provided by the User; (4) checking for duplicated accounts; and (5) address checks.
        3. Support from the Company’s IT Team 24/7 meaning the constant availability of the Company’s IT personnel to answer any questions of the User regarding the operation of the software provided to the User via the Website and to fix any issues with the operation of such software.
        4. API Integration meaning the service of provision of software connectivity through the integration of the Company’s API into the User’s system, establishing connection between the Company’s and the User’s IT specialists and providing such specialists with specific instructions. Further information regarding this service can be obtained at https://www.notion.so/AMLBot-0ab30d88bd1c4dc3bb6978df63d29e19.
        5. Suspicious transactions report meaning the service of preparation by the Company via the Website of reports that are required to be filed by the User as a reporting entity with the relevant government authorities, disclosing irregular or questionable customer behaviour or activity, or transactions that are inconsistent with a customer’s known legitimate business, personal activities or the average level of activity for that kind of business or account, that may in the knowledge or belief of the User be related to money laundering or to the financing of terrorist activities. The service is limited to 10 (ten) suspicious transaction requests per month.
        6. Personal AML Officer meaning the consultation service provided by the Company via the Website involving a detailed analysis of the transaction based on the data of its connections recorded in the blockchain for the purposes of (1) implementation of the User’s anti-money laundering and counter-financing of terrorism policy; (2) overseeing the User’s anti-money laundering and counter-financing of terrorism activities; and (3) preparation and filing of suspicious transactions reports with the relevant government authorities. The service includes 1 (one) hour of consultation per month.
  • PRICING
      1. The Company reserves its right to adjust the rates stated on the Website from time to time.
      2. Due to the exchange rate difference, the difference in the time of the transaction, as well as other circumstances affecting the course, the amount of the real price may be different from that stated.
  • DATA PROTECTION
      1. Full details of our Privacy Policy can be found at Privacy Policy. The Company recommends the Users to read the Privacy Policy carefully, so that the Users know the data that the Company collects, uses and who the Company shares the Users’ data with.
  • DISCLAIMER OF WARRANTIES AND LIMITATION OF LIABILITY
      1. The Services are provided “as is” and the Company hereby makes an express disclaimer of all warranties, express or implied, including but not limited to warranties of merchantability and fitness for a particular purpose.
      2. Neither Party shall be held liable with respect to the services or obligations arising under these Terms of Use or otherwise for any direct, incidental, special, consequential or exemplary damages, including but not limited to damages for losses of profits, goodwill, use, data or other intangible losses resulting in any way from the Services rendered by the Company. 
      3. The Company does not provide any investment advisory service, due diligence, brokerage, financial management, tax, accounting or any other professional service, and any advice or information obtained through the Company’s products and services will be used by the User and its authorised users solely at their own risk. 
      4. Without limiting the foregoing, the Company makes no warranty of any kind that the Services or any products or results of the use thereof will meet the User’s or any other person’s requirements, operate without interruption, achieve any intended result, be compatible or work with any software system or other services, or be secure, accurate, complete, free of any harmful code or error. 
  • FORCE MAJEURE AND OTHER FACTORS BEYOND THE CONTROL OF THE COMPANY
      1. If the Company is unable to perform the Services outlined in the Terms of Use due to factors beyond its control including but not limited to an event of Force Majeure, change of law or change in sanctions policy, the Company shall not be liable for the Services provided under these Terms during the time period coincident with the event.
  • INTELLECTUAL PROPERTY RIGHTS
      1. The User is permitted to use the Services of the Company provided through the Website only as expressly authorized by the Company pursuant to these Terms of Use. 
      2. All components and content on the Website, as well as the Website as a whole belong to the Company and are protected with, including, but not limited to copyright, trademarks, trade secrets. All rights reserved. 
      3. The Company grants the User a non-exclusive, limited, non-transferable, freely revocable license, subject to these Terms of Use, to access and use the Services, and related content, materials, information (collectively, the “Content”) solely for approved purposes as permitted by the Company from time to time. Any other use of the Content is expressly prohibited and all other right, title, and interest in the Content is exclusively the property of the Company and its licensors. The User agrees not to copy, transmit, distribute, sell, license, reverse engineer, modify, publish, or participate in the transfer or sale of, create derivative works from, or in any other way exploit any of the Content, in whole or in part. 
      4. By posting, uploading, inputting, providing or submitting  any content to the Company (the “User Content”, the User grants the Company and any necessary sub-licensees a non-exclusive, worldwide, perpetual, right and permission to use, reproduce, copy, edit, modify, translate, reformat, create derivative works from, distribute, transmit, publicly perform and publicly display the User Content and sub-license such rights to others. 
      5. The User is responsible for maintaining the confidentiality of any User content and any of its non-public information. The User agrees to notify the Company immediately of any unauthorized use of the User Content, or any other breach of security. The Company will not be responsible or liable for any loss or damages that the User may incur as a result of someone else using the User Content, either with or without User’s knowledge. However, the User could be held liable for losses, expenses and costs incurred by the Company or another party due to someone else using the User Content. 
      6. Although the Company has no obligation to screen, edit or monitor the User Content, the Company reserves the right, and has absolute discretion, to remove, screen or edit the User Content. Furthermore, if the Company has reason to believe that there is likely to be a breach of security, or if the User breaches any of its obligations under these Terms of Use or the Privacy Policy, the Company may suspend User’s use of the Services at any time and for any reason. 
  • THIRD PARTY CONTENT
      1. The Company may display on the Website some third-party content, advertisements, links, promotions, logos and other materials (collectively, the “Third-Party Content”) for the User’s convenience only. The Company does not approve of, control, endorse or sponsor any third parties or Third-Party Content, and the Company makes no representations or warranties of any kind regarding such Third-Party Content, including, without limitation, the accuracy, validity, legality, copyright compliance, or decency of such content.
  • ENTIRE AGREEMENT
      1. These Terms set forth the entire understanding between the Company and You with respect to the Service. You agree to rely only on the Terms alone. These Terms supersede any previous statements made by the Company.
      2. If any term, clause or provision of these Terms is held unlawful, void or unenforceable, then that term, clause or provision will be severable from these Terms and will not affect the validity or enforceability of any remaining part of that term, clause or provision, or any other term, clause or provision of these Terms.
  • MODIFICATIONS
      1. The Company has the right, at its sole discretion, to make modifications and revisions to the Terms of Use to reflect changes in technology, standards, legislation, administrative or business practices. Such modifications and revisions will be notified to the User through the Website no later than thirty days before they become effective. 
      2. The User will be deemed to have accepted all modifications and revisions by continuing to use the Website and our Services. 
  • MISCELLANEOUS
      1. No failure of the Company to exercise any right, power or privilege under these Terms is deemed to be a waiver thereof, nor any partial exercise of a right, power or privilege should preclude the exercise of the entire or other right, power or privilege.
      2. The User may not assign any of the rights conferred to the User under these Terms without prior written consent obtained from the Company. 
      3. The Company may assign any right or obligation under these Terms without any notice to or consent from the User
  • JURISDICTION AND DISPUTE RESOLUTION
      1. The Terms shall be governed and construed in accordance with the laws of England and Wales. You hereby agree to irrevocably submit to the exclusive jurisdiction of the English courts.
      2. Should there be any dispute regarding matters stipulated herein, the Parties shall take all measures possible to resolve them by negotiations.  
      3. Should the Parties fail to reach an agreement by means of negotiations, any dispute arising from the Terms of Use or related hereto, shall be considered and finally resolved in accordance with the Rules of London Court of International Arbitration (LCIA). The number of arbiters shall be one (1), elected in accordance with the LCIA Rules. The place of arbitration shall be London. The arbitration shall be held in English, the decision shall be executed in English. The arbitration proceedings shall be regulated by the laws of England and Wales. 
      4. The arbitral award shall be final and binding for both Parties, and may be used or produced for enforcement at any court having respective jurisdiction; an application concerning enforcement order may be filed to such competent court, if required. 
      5. The Parties shall agree that the information regarding any arbitration proceedings, including but not limited to the information of any arbitral award, shall be deemed confidential and not disclosed to any third parties without the written consent of the Parties, unless required by law.
  • TERMINATION AND SUSPENSION
      1. The User hereby agrees that the Company may suspend or terminate access to the Services via the Website in case of, but not limited to: 
        1. non-conformity to the requirements from these Terms of Use;
        2. a requirement from any applicable law to which the Company is subject in any jurisdiction;
        3. an order from a court or other governmental authority;
        4. any other reason that the Company deems relevant for termination of the Terms of Use between the User and the Company and suspension or termination of access to the Services via the Website.
  • CONTACT INFORMATION
    1. If you have any questions regarding these Terms of Use, your rights and obligations arising therefrom and/or your use of the Website please contact us at [email protected].

 

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