ANTI-MONEY LAUNDERING (AML) & KNOW YOUR CUSTOMER (KYC)
Your use of the Service must be in compliance with all laws, regulations, anti-money laundering provisions and KYC regulations applicable to You based on Your applicable jurisdiction. It is Your exclusive responsibility to ensure that Your use of the Site and Services is compliant with the applicable laws and regulations.
ANTI-MONEY LAUNDERING (AML) AND COUNTER TERRORIST FINANCING (CTF) POLICY
The Company needs to meet these requirements for the use of the implemented systems and procedures (such as Insurance). This AML Policy is designed to prevent money laundering by the need to have adequate controls in place to mitigate the risk of the firm being used to facilitate financial crime.
Money laundering is defined as the process where the identity of the proceeds of crime is so disguised that it gives an impression of legitimate income. Criminals specifically target financial services companies through which they attempt to launder criminal proceeds without the company’s knowledge or suspicion. In response to the scale and effect of money laundering, the European Union has passed Directives designed to combat money laundering and terrorism.
The Company must establish and maintain risk-based Customer Due Diligence (CDD), identification, verification and Know Your Customer (KYC) procedures, including enhanced due diligence for customers presenting a higher risk, such as Politically Exposed Persons (PEPs); The appointment of a Money Laundering Reporting Officer (MLRO) who has sufficient level of seniority and independence and who has responsibility for oversight of compliance with relevant legislation, regulations, rules and industry guidance;
The Users agree, confirm and undertake that they shall not directly or indirectly attempt to indulge or knowingly assist or knowingly be a party or actually be involved in any process or activity connected with the proceeds of crime including its concealment, possession, acquisition or use and projecting or claiming it as untainted property. The Users undertake that they shall not be in violation of any applicable law, including but not limited to Prevention of Money Laundering Act, relating to money laundering, while availing the services of the Company.
The Users agree that the Company may store data of all transactions undertaken by Users and share such information with any regulatory authority as when directed by such authority or by its own volition.
KNOW YOUR CUSTOMER (KYC)
You must agree to provide us with the information we request for the purposes of identity verification and the detection of money laundering, terrorist financing, fraud, or any other financial crime and permit us to keep a record of such information. You will need to complete certain verification procedures before you are permitted the full use of the Company services and these limits may be altered as a result of information collected on an ongoing basis.
The information we request may include certain personal information, including, but not limited to, your name, address, telephone number, e-mail address, date of birth, taxpayer identification number, government identification number, and information regarding your source of funds / source of wealth. In providing us with this or any other information that may be required, you confirm that the information is accurate and authentic.
You agree to keep us updated if any of the information you provide changes. You authorize us to make the inquiries, whether directly or through third parties, that we consider necessary to verify your identity or protect you and/or us against fraud or other financial crime, and to take action we reasonably deem necessary based on the results of such inquiries.
A proof of source of funds is any document(s) that explains where the funds used for a purchase on the site originated. The Company reserves the right to request a proof of source of funds for clients depositing or withdrawing large amounts. When we carry out these inquiries, you acknowledge and agree that your personal information may be disclosed to credit reference and fraud prevention or financial crime. This is an identity check only and should have no adverse effect on your credit rating.
Additionally, we may require you to wait some amount of time after completion of a transaction, before permitting you to use further Services and/or before permitting you to engage in transactions.
COLLECTION OF INFORMATION
We collect information you provide directly to us when you create an online account, post messages to our forums or wikis or otherwise communicate with us. The types of information we may collect include your name, email address, username, password, location and any other information you provide. We collect information about your use of our Site, including the type of browser you use, access times, pages viewed, your IP address and the page you visited before navigating to our Site.
INFORMATION COLLECTED BY COOKIES AND OTHER TRACKING TECHNOLOGIES
USE OF INFORMATION
We may use information about you for various purposes, including to: Respond to your comments, questions and requests and provide customer service; Monitor and analyse trends, usage and activities in order to operate and improve our Site; Manage your online account(s) and send you technical notices, updates, security alerts and support and administrative messages; Link or combine with information we get from others to help understand your needs and provide you with better service; and Carry out any other purpose for which the information was collected.
SHARING OF INFORMATION
By accessing or using our Site or otherwise providing information to us, you consent to the processing and transfer of information. We may share information about you as follows: With vendors, consultants and other service providers who need access to such information to carry out work on our behalf; In response to a request for information if we believe disclosure is in accordance with any applicable law, regulation or legal process, or as otherwise required by any applicable law, rule or regulation; If we believe your actions are inconsistent with our user agreements or policies, or to protect the rights, property and safety of us or any third party. We may also share aggregated or de-identified information, which cannot reasonably be used to identify you.
ANALYTICS SERVICES PROVIDED BY OTHERS
We take reasonable measures to help protect information about you from loss, theft, misuse and unauthorized access, disclosure, alteration and destruction. You may update, correct or delete your online account information at any time by logging into your account or by contacting us. Please note that we may retain certain information as required by law or for legitimate business purposes. We may also retain cached or archived copies of information about you for a certain period of time.
Most web browsers are set to accept cookies by default. If you prefer, you can usually set your browser to remove or reject cookies, but note that doing so does not necessarily affect third party flash cookies used in connection with our Site. If you choose to remove or reject cookies, this could affect the availability and functionality of our Site, including allocations of affiliates and rewards.
SUMMARY OF TERMS OF SERVICE
This summary of our Terms of Service offers you an overview of the key terms that apply to your use of our website and services. While we hope this summary section is helpful, you should read the complete Terms of Service below since they provide important information about how our services work.
SIH Pool provides you with a platform that allows you to participate in our project in the event you do not meet the required minimum 1000 SIH tokens for ‘staking’ in your own wallet. You may use our Services to purchase and hold digital assets directly from us.
ELIGIBILITY AND ACCEPTABLE USE
You must meet certain eligibility criteria to use the platform. For instance, you must be an adult (over the age of 18) and there are certain locations from which you may not be able to use the platform. Additionally, there are certain things you cannot do when using the platform, such as engage in illegal activities, lie, or do anything that would cause damage to our services or systems.
Engaging in any trade in digital assets can be financially risky, or subject to volatile market price movements. Please don’t use the platform if you do not understand these risks and enter into digital assets only when you understand what you are using, the characteristics of the digital asset you intend to trade, and the potential financial risk of loss trading them entails.
OTHER IMPORTANT LEGAL TERMS
There are important legal terms provided below in the complete Terms of Service, including your indemnification responsibilities, our limitation of liability and warranty disclaimers. Please take the time to read these terms carefully.
TERMS AND CONDITIONS OF USE
The following terms and conditions of service shall mean the rights, obligations, liabilities, terms and conditions, procedures, and other basic principles for the members (individual users). To use cryptographic currency and transaction services provided by the digital asset site www.salientinvestmentholding.com as part of Salient Developments LTD (herein as “the Company”)
It is intended to define the rights and obligations of the Company and its members, responsibilities, and procedures for the Member’s use of the Service in relation to the basic matters. By accessing, viewing or downloading information from the Website and using the Service provided by the Company you acknowledge that you have read, understand, and unconditionally agree to be bound by these Terms.
The Company may at any time, without notice, amend or modify the Terms. You agree to continue to be bound by any amended terms and conditions and that the Company has no obligation to notify you of such amendments. You acknowledge that it is your responsibility to check these Terms periodically for changes and that your continued use of the Website and Services offered by the Company following the posting of any changes to the Terms indicates your acceptance of any such changes.
If you do not agree with the amendments, you shall stop using the services offered by this Website immediately; if you continue to use the services offered by this Website, it shall be deemed that you accept and agree to be bound by the amended agreement.
The Site is for your own personal use. By registering with us, you agree to provide us with current, accurate, and complete information about yourself as prompted by the registration and the verification process, and to keep such information updated at all times.
You are responsible for maintaining the confidentiality of Your Account information, including Your password, safeguarding Your own Digital Currency and for all activity and Transactions that are posted to Your Account. The Company may request additional information as necessary, in the event of any suspicious activity related to Your Account, including authenticating documents, and may freeze any Transactions pending our review. You are obligated to comply with these security requests, or accept termination of Your Account.
You are required to notify us immediately of any unauthorized use of Your Account or password, or any other breach of security by email addressed to firstname.lastname@example.org. Any Member who violates these rules may be terminated, and thereafter held liable for losses incurred by Company or any other user of the Site and Services.
You agree to receive transactional emails from us. Such emails will be cancelled upon by request using the “unsubscribe” option presented in any such email, when applicable. You agree that You will not use the Service to perform criminal activity of any sort, including but not limited to, money laundering, illegal gambling operations, terrorist financing, or malicious hacking.
Company cannot and does not guarantee the availability of the Services at all times. You acknowledge that in order to protect the Site and its operation, the Company reserves the right at all times, to delay or deny any transaction if it perceives a risk of misconduct, fraud or illegal activity, subject to Company’s sole discretion.
OPENING OF AN ACCOUNT
You acknowledge that in addition to the above, certain features of Company’s Services require that You provide Company with additional personal information and/or documentation, which may include without limitations, your physical address, telephone number, ID number, birthdate, personal image, taxpayer identification number and information regarding your personal source of funds. You warrant that any and all of the personal information submitted as may be required, is accurate and authentic. Furthermore, you warrant to update the Company with respect to any changes in or of the information submitted to Company.
Company may use or transfer Your information to third party service providers for the purpose of providing You with the Services under the Site or the improvement thereof. You acknowledge that the Company performs inquiries to verify Your personal information, whether directly or through the assistance of third party service providers in its attempt to prevent misidentification, fraud, suspicious activity or money laundering or any other forbidden activity and may take actions with respect to the outcome of such inquiries as it deems necessary. You hereby provide Company with Your authorization for such inquiries as aforementioned, including with respect to a query of Your account information.
The Services offered to Members include purchasing, selling to the Company if applicable, and transferring of Digital Currency to Your personal wallet address which was provided by You to the Company in accordance with Your instructions as submitted by You through the Site, and transferring Digital Currency to other wallet addresses.
You acknowledge that Company will not be liable for any error with respect to Your instructions as provided. All Pending Transactions are considered not completed transactions and may remain unconfirmed for the duration necessary for the confirmation of such Transaction.
The price as displayed on the Site, will be applicable to each Transaction You execute using the Services. The applicable Price will be displayed prior to completing each Transaction. Company reserves the right to make adjustments to its Prices at any time as appearing on each Transaction.
You warrant that You will comply with all applicable international economic and export sanctions and any requirement therein. Without limiting the generality of the aforementioned, You will not use the Services available on Company Site if any of the following applies to You:
- You are a national or resident of Iran, North Korea, Cuba, Syria or Sudan or any other country included in the United States embargo, UN sanctions, HM Treasury’s financial sanctions regime (the “Restricted Territories”) or You intend to distribute or provide the acquired Digital Currency or the Services to the Restricted Territories; or
- Your name appears on the U.S. Treasury Department’s Specially Designated Nationals List or the U.S. Commerce Department’s Denied Persons List, Unverified List, Entity List HM Treasury’s financial sanctions regime (the “Restricted Persons”) or You intend to distribute or provide the Services to any person of the Restricted Persons.
- You are on prescribed Sanctions lists. We will, therefore, screen against United Nations, European Union, UK Treasury and US Office of Foreign Assets Control (OFAC) sanctions lists in all jurisdictions in which we operate.
- You are a Politically Exposed Person (PEP).
You are exclusively responsible to inquire with respect to the taxes applicable to Your Transactions on the Site. The Company is not and will at no event be deemed as providing any tax advice or consultation. It is Your responsibility to report and remit the taxes payable to the appropriate tax authorities
TRANSACTIONS AND FEES
You acknowledge that all cryptocurrency transactions require the payment of fees. Some of those fees are built into the blockchain being used, while others are added by the Company. Sending funds to another registered user on the site, via email address, is processed off-chain and therefore free of charge. However, Token withdrawals are processed on-chain and as such will cost a fee. This fee is stated on the withdrawal form and will be deducted from the requested amount. The amount you receive will be the balance of the total withdrawal less the fee.
You acknowledge that any transactions executed are non-reversible and You cannot change or reverse any Transaction once they are completed. The abovementioned notwithstanding, the Company may endeavour to comply with a request from You to cancel a transaction on Your account should Company determine the cancellation feasible, all subject to Company’s sole discretion.
The Company may terminate any Transaction for payment that was declined for any reason. If possible, in the event of termination of any Transaction, the Company will provide You with notification to that regard.
Your login information and password must be kept in strict confidence at all times. Any compromise of Your login information may expose Your Account to unauthorized access by third-parties which may result in loss or theft of Digital Currency or funds from Your Account, including any linked accounts. In order to receive security alerts from the Company, you must update the Company with respect to changes in Your email address and telephone number.
At no event will the Company be held responsible for any damages or losses which You may sustain as a result of compromise of Your Account login credentials due to no fault of Company and/or failure to follow or act on any notices or alerts that we may send to You. Any suspected breach of Your Account or login information should be immediately reported to Company.
INTELLECTUAL PROPERTY RIGHTS
All intellectual achievements included in this Website, including, but not limited to, website logos, databases, website design, text and graphics, software, photos, videos, music, sounds and the intellectual property rights of software compilation, associated source code and software (including small applications and scripts) shall be owned by this Website. Users may not copy, modify, copy, transmit or use any of the foregoing materials or content for commercial purposes.
All rights contained in the name of this Website (including but not limited to business goodwill and trademarks, logos) shall be owned by the Company. This Agreement shall apply to any content that is published by you on this Website and is protected by copyright law, regardless of whether the content is generated before or after the signing of this Agreement.
You shall not illegally use or dispose of the intellectual property rights of this Website or any other person during your use of the services offered by this Website. For any information that you publish on this Website, you may not publish or authorize other websites (or media) to use such information in any manner whatsoever. Your log into this Website or use of any of the services offered by this Website shall not be deemed as our transfer of any intellectual property to you.
SITE CONTENT ACCURACY
You acknowledge that the Site and any content therein, may contain errors from time to time and may not be accurate or current at all time. In addition, the Site may suffer technical errors. Without derogating from the abovementioned, the Company takes reasonable measures to provide You with as accurate information as possible, information may be changed or updated from time to time without notice, including without limitation information regarding our policies, products and Services.
You should verify all information before relying on it, and all decisions based on information contained on the Company site are Your sole responsibility and Company shall have no liability for such decisions. The Site may include links to third party materials which may be provided as a convenience but are not endorsed by the Company. You acknowledge and agree that Company is not responsible for the content or services promoted by any third party or on any third-party sites accessible through or linked to the Company Site.
The use of the Services on the Site is subject to Your obligation not to engage in any prohibited activity. You acknowledge that the Company reserves the right to review, monitor, record and/or disclose any information as may be necessary to comply with any applicable laws, regulations, legal process or governmental request. Should the Company determine, in its sole discretion, that the activity on Your Account is suspicious or related to any prohibited activity or illegitimate operation, the Company may cancel or suspend Your Account.
SECURITY AND VIRUSES
Any use of the internet may be subject to virus attack and communication failure. Company shall not bear any liability, whatsoever, for any damage or interruptions caused by computer viruses, spyware, Trojan horses, worms or other malware that may affect Your systems, computer or other equipment, or any phishing, spoofing or other virus attacks. Company recommends that all Members use a reputable and available virus screening and prevention software at all times. You should also apply caution when reviewing text messages and emails purporting to originate from Company as SMS and emails are also vulnerable to phishing and spoofing and additional viruses. It is advisable that You log into Your Account through the Site only and avoid using unauthentic communication advising You options to log in.
- Change the prices without prior notice.
- Deny sale to clients accessing the services using anonymity tools, IP hiding and all those that hide identification and/or origin or fail to provide any documentations.
- Deny selling to customers who do not demonstrate minimum trust requirements, including without limitations, trust based in implementing algorithms on the data provided by the customers.
SUSPENSION, TERMINATION, AND CANCELLATION
You acknowledge that, at any time, the Company, subject to its sole discretion, will be entitled to terminate Your access to the Site and to Your Account. The Company has rights to prohibit access to the Site and its content, delay or remove hosted content and take technical and legal measures to keep users off the Site due to any reason subject to Company’s sole discretion, including without limitation as a result of:
- Attempts to gain unauthorized access to the Site or another Member’s account
- The Company has reasonable suspicion that a Transaction involves illegal activity, including without limitations, money laundering, terrorist financing, fraud, or any other crime
- The Company reasonably suspects that Your Account or any Transaction is related to prohibited use or is non-compliant with any applicable laws or regulations
- the Company is requested to do so by a court order, law enforcement or other government or regulatory order or if Your Account is subject to litigation or investigation
- subject to Company’s discretion, Your abuse the Services provided by the Company, including by opening multiple accounts and/or taking advantages of promotions in bad faith
- any of the Company’s third party providers denies providing You the Services
- if Company believes such Users are creating problems or possible legal liabilities
- force majeure events, including operational and technical errors.
The abovementioned notwithstanding, the Company may, subject to its sole discretion terminate the Services or refuse to open any user an account or terminate any use by You of the Site. Upon any suspension, termination or cancellation of a Transaction, the Company is under no obligation to allow You to reinstate such Transaction and may not provide You the same price or same terms as any cancelled Transaction.
In the event Your Account is terminated by the Company, the Company may provide You with notice of termination. In addition, you acknowledge that the Company is not obligated to disclose any findings and information acquired by Company’s security and risk management procedures.
In the event of normal account closure or cancellation, you will be requested to provide wallet address information for the withdrawal of all your funds held by the company.
TERMINATION BY YOU
You may terminate Your Account at any time by submitting Your request to terminate Your Account at email@example.com. No termination fee shall apply. The Company reserves the right to suspend any pending transactions at the time of cancellation.
The Company retains information for as long as we have a business need or as required under applicable laws, regulations and/or government orders from time to time. Following termination of the Account, the company will erase and discard Your data subject to the limitations and requirements under the applicable laws and regulations.
In the event of normal account closure or cancellation, you will be requested to provide wallet address information for the withdrawal of all your funds held by the company.
All Services are provided without warranty of any kind, either express or implied. The Company does not represent that this Site will be available at all times to meet Your needs. Company will strive to provide You with the Services as soon as practicably possible but there are no guarantees that access will not be interrupted, or that there will be no delays, failures, errors, omissions or loss of transmitted information.
Company makes no representations whatsoever about any other websites or services which You may access through this Site. The Site may present links or other forms of reference to other websites (the “External Websites”) or resources over which Company has no control. You acknowledge that Company may present such links or references to You only as a convenience and that Company does not endorse any of the External Web Site services or offerings made to You or any content provided therein.
Company is not responsible for the availability of, and content provided on External Web Sites. You are requested to review the policies posted by the External Web Sites regarding privacy and other topics before use. Company is not responsible for third party content accessible through the Site, including opinions, advice, statements, prices, activities, and advertisements, and You shall bear all risks associated with the use of such content. It is up to You to take precautions to ensure that whatever You select for Your use is free of such items as viruses, worms, Trojan horses and other items of a destructive nature.
Certain jurisdictions apply regulations or may apply such regulations at a later time, in which case the provision of the Services will be amended accordingly or terminated to the extent such amendments are not possible
Company shall not be liable for delays, failure in performance or interruption of service which results directly or indirectly from any cause or condition beyond its reasonable control, including, but not limited to, any delay or failure due to any act of God, act of civil or military authorities, act of terrorists, civil disturbance, war, strike or other labour dispute, fire, interruption in telecommunications or Internet services or network provider services, failure of equipment and/or software, other catastrophe or any other occurrence which is beyond Company’s reasonable control and shall not affect the validity and enforceability of any remaining provisions.
LIMITATIONS OF LIABILITY; RELEASE; INDEMNIFICATIONS
The Company specifically makes no warranties, representations or guarantees regarding the time required to complete processing any request provided by You, which are dependent upon many factors outside of Company’s span of control. Without derogating from the aforementioned, the Company makes efforts to process Your requests in a timely manner.
Any disputes between You and any other user of the Site shall be exclusively resolved between You and such user, and You release the Company, its affiliates and service providers, and each of their respective officers, directors, agents, joint ventures, employees and representatives from any and all claims, demands and damages (actual and consequential) of every kind and nature arising out of or in any way connected with such disputes.
DISCLAIMER - THIS BIT IS REALLY IMPORTANT
We do not provide investment advice and nothing on our website should be constructed as a solicitation for investment. Details and links provided on the website are for information only. You are solely responsible for any decisions you make with respect to your funds.
The above indemnifications excludes Insurance cover and guarantees (specified separately) and the company’s own downside protection plan. The company will continuously honour the “Buyback Guarantee” to any and all SIH Token holders at 0.80 USD per token.