Terms and Conditions
AML/CTF Policy Agreement
Welcome to ASTPAY, a financial technology platform operated by All Swift Technology Ltd. By creating an account or using our services, you agree to these Terms and Conditions and our Anti-Money Laundering/Counter-Terrorist Financing (AML/CTF) Policy.
1. Acceptance of Terms
By signing up, accessing, or using ASTPAY's platform, you acknowledge that you have read, understood, and agreed to be bound by these Terms and Conditions, our Privacy Policy, our AML/CTF Compliance Policy, and any additional service-specific terms as may apply.
2. Eligibility
To use ASTPAY, you must be at least 18 years old, have the legal capacity to enter into binding agreements, and not be listed on any financial sanctions list (e.g., OFAC, UN Sanctions, EFCC Watchlist, etc.).
3. Account Registration and Verification
To access our services, you must complete the onboarding process, which includes providing valid identification (KYC), submitting proof of address and additional documents as requested, and undergoing background screening in compliance with AML/CTF laws. Failure to provide accurate information or to complete verification may result in service denial or account suspension.
4. Services Offered
ASTPAY provides multi-currency virtual accounts (USD, GBP, EUR, etc.), virtual international cards, global and local fund transfers, bill payments and airtime top-ups, eSIM, travel, and booking services, and business payment tools (e.g., payment links). These services may be provided through third-party financial institutions, subject to change, and availability.
5. Prohibited Activities
You agree not to use ASTPAY for money laundering, terrorism financing, or any criminal activity; fraud, identity theft, or misrepresentation; illegal gambling, adult services, or prohibited drugs/weapons; or transactions involving sanctioned countries or individuals.
6. AML/CTF Compliance Policy
We are committed to complying with the Nigerian Money Laundering (Prohibition) Act, CBN AML/CFT Regulations, FATF Recommendations, and International AML/CTF standards. As a user, you agree to provide truthful and up-to-date KYC documents, allow ASTPAY to monitor and review transactions for suspicious activity, promptly respond to compliance-related inquiries, and undergo enhanced due diligence if flagged or required.
7. Transaction Monitoring
All transactions are subject to review. ASTPAY may delay processing for risk evaluation, file Suspicious Activity Reports (SARs) to relevant authorities, and request additional information to validate source of funds or transaction purpose.
8. Data Privacy
All user data is handled in accordance with our Privacy Policy and applicable data protection laws (NDPR, GDPR where applicable). We share user data only with authorized regulatory bodies or partners required for service delivery or compliance.
9. Liability Disclaimer
ASTPAY shall not be liable for delays caused by third-party financial institutions or networks, losses from user error or fraudulent activity not caused by our systems, or regulatory actions or service suspensions based on your violations.
Fees and Charges
You agree to pay applicable fees for services used. ASTPAY reserves the right to update fees at any time with prior notice. A detailed fee schedule is available on the platform.
Governing Law
These terms are governed by the laws of the Federal Republic of Nigeria. Any disputes shall be subject to the jurisdiction of the courts in Abuja or Lagos.
Contact Information
For questions or compliance-related issues, contact:
Compliance Department
ASTPAY (All Swift Technology Ltd)
support@astpay.africa
User Declaration
By ticking the checkbox or continuing to use ASTPAY, I confirm that:
- I have read, understood, and agreed to the above Terms and Conditions and AML/CTF Policy.
- I will comply with all applicable laws and provide accurate information as required.
These terms may be updated at any time. Continued use constitutes acceptance of updated terms.
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