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AML and KYC procedure 2.1. We intend to provide Services only to law-abiding individuals or corporations. OAK Crypto reserves the right to apply the AML / KYC procedure to particular users, addresses, and particular transactions of cryptographic assets.
2.2. The User is required to pass the KYC verification if, according to our internal AML/KYC policy, we have reason to suspect that the User or their Crypto-assets are involved in money laundering or terrorist financing activities.
2.4. OAK Crypto may provide the information collected during the AML/KYC procedure to competent authorities upon legitimate request or in accordance with the requirements of AML legislation.
2.5. OAK Crypto will not enter into and have the right to cancel a business agreement with a person or entity suspected or directly involved in money laundering, or in the event that we suspect or have evidence that the funds have been the source of illegal activity.
2.6. The AML/KYC procedure includes confirmation of the identity of Users by:
2.6.1. A high-quality photo of your identity document (passport or driving license) valid in your country;
2.6.2. Proof of source of funds;
2.6.3. Selfie with a passport;
2.6.4. Confirmation of the place of residence;
2.6.5. Any other documentation requested by our compliance department;
2.7. We have the right to suspend any transaction and block any crypto asset if we have any suspicions under AML/KYC procedures. Upon successful completion of the AML/KYC verification, the transaction that was placed on hold can be processed.
2.8. If there is any reasonable doubt that any information provided by the User is incorrect, false, out of date or incomplete, OAK Crypto has the right to send the User a notice to demand corrections or terminate all Services to the User.
3.1. Prior to your use of the Services and on a continuing basis, you represent, warrant, agree and agree that:
3.1.1. use our Services at your own discretion and risk;
3.1.2. you are solely responsible for any applicable taxes that may be paid while using our Services;
3.1.3. You are NOT located in, under the control of, or a citizen or resident of Iran, North Korea, or the US (“Restricted Locations”). OAK Crypto does not operate in restricted locations. OAK Crypto reserves the right to select the markets and jurisdictions in which it operates and may restrict or deny services to certain countries at any time.
3.1.4. you are at least 16 years of age or other legal age, depending on your relevant jurisdiction;
3.1.5. you agree to pay the fees for Trades completed through the Services as defined by OAK Crypto, which we may change from time to time;
3.1.6. there are risks, associated with the Internet-based system, such as the failure of hardware, software, and Internet connections, and with the Blockchain Protocol, such as any malfunction, unintended function, unexpected operation, or attack on the Blockchain Protocol;
3.1.7. You warrant that your Crypto Assets belong to you and are not sold, encumbered, disputed, or seized and that there are no third-party rights to your Crypto Assets;
3.1.8. You will need to provide the correct information to build the Exchange (for example, payment and payment wallet address). Such wallet addresses will not be associated with terrorism, scam, scam, or any kind of illegal activity.
3.2. You further represent, agree, and warrant that you will not violate any law, contract, third-party right, or commit a tort by accessing or using the Services and that you are solely responsible for your actions and/or inactions while using our Services. Notwithstanding the foregoing, you represent, agree, and warrant that you will NOT:
3.2.1. use our Services or immediately stop using our Services if any applicable law in your country prohibits or will prohibit you from doing so at any time;
3.2.2. use our Services to engage in fraudulent, fraudulent, or any type of illegal activity;
3.2.3. trade through our Services or attempt to pay for crypto assets obtained from illegal gambling activities; fraud; money laundering; terrorist activities; or any other illegal activity. With our Services, the user can only use cryptographic assets, which are obtained from legal sources;
3.2.4. provide false, inaccurate, or misleading information;
3.2.5. attempt to modify, decompile, reverse engineer, or disassemble our software in any way;
3.2.6. use any robot, spider, crawler, scraper, or other automated means or interface not provided by us to access the Services or extract data;
3.2.7. attempt to circumvent any content filtering techniques we employ, or attempt to access any services or areas of our Services that you are not authorized to access;
3.2.8. develop third-party applications that interact with our Services without our prior written consent; Y
3.2.9. Encourage or induce any third party to engage in any of the activities prohibited under this Section.
3.3.YOU INDEMNIFY US AND HOLD US HARMLESS AGAINST ANY AND ALL CLAIMS, DEMANDS, AND DAMAGES, WHETHER DIRECT, INDIRECT, CONSEQUENTIAL, OR SPECIAL, OR ANY OTHER DAMAGES OF ANY KIND, INCLUDING, BUT NOT LIMITED TO, LOSS OF USE, LOSS OF PROFITS OR LOSS OF DATA OR LOSS OF ASSETS, WHETHER IN AN ACTION OF CONTRACT, TORT (INCLUDING, BUT NOT LIMITED TO, NEGLIGENCE) OR OTHERWISE, ARISING OUT OF OR IN ANY WAY CONNECTED WITH THE INVALIDITY OR BREACH OF ANY OF THE PROVISIONS OF THIS SECTION AND THE ENTIRE TERMS.
Privacy of information
4.1. Never share your transaction details, including but not limited to your OAK Crypto-ID, transaction hash, recipient address, and/or email related to an OAK Crypto account, with anyone except OAK Crypto representatives. OAK Crypto will not ask you for a specific user account, transaction, or other personally identifiable information unless: (i) the information is requested to help complete a transaction initiated by you; (ii) the information is requested to efficiently process your inquiry; or (iii) is legally required, for example, in connection with the AML/KYC procedure.
4.2. You must ensure that your transactions and/or account details are not disclosed by ensuring that you do not knowingly or accidentally share, provide, or facilitate unauthorized use thereof.
4.3. WITHOUT LIMITING THE FOREGOING, OAK CRYPTO SHALL NOT BE LIABLE FOR ANY LOSS OR DAMAGE INCURRED AS A RESULT OF ANY INFORMATION SUBMITTED THROUGH THIS WEBSITE OR ANY EMAIL CONTACT THEREOF OR FROM YOUR TRANSMISSION OF INFORMATION TO ANY PERSON OR ENTITY (S) AS A RESULT OF A REQUEST FOR SUCH TRANSMISSION REASONABLY BELIEVED BY OAK CRYPTO TO BE MADE BY SUCH PERSON OR ENTITY.
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Pegasus Equity AS – Tømmerlunna 34, 1900 Fetsund, Norway
Company Registration Number: 929 205 669