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Terms and Conditions for Sending and Receiving Money (Broker Service)

Effective Date: [29/05/2025]
Website: [groupnkwenti.com]
Business Name: [NKWENTI INT’L SOURCING GROUP]

1. Introduction
These Terms and Conditions govern your use of the “Send” and “Receive” money services provided by (NKWENTI INT'L SOURCING GROUP) ("we", "us", or "the Broker") through [groupnkwenti.com]. By using our platform, you agree to be bound by these Terms.


2. Role of the Broker
[NKWENTI INT’L SOURCING GROUP] acts solely as an intermediary platform facilitating the transfer of funds between users ("Senders" and "Recipients"). We do not act as a bank or hold a banking license. We do not assume ownership of funds at any point.
We do not guarantee the final use, acceptance, or legitimacy of funds between parties.

3. User Eligibility
To use our services, you must:
• Be at least [18] years old;
• Register an account and complete all verification steps (including KYC);
• Not be located in a sanctioned country or listed on any government restricted party list;
• Only use the platform for lawful purposes.

4. Know Your Customer (KYC) & Anti-Money Laundering (AML)
You must complete identity verification as required by law. We reserve the right to:
• Request personal identification, proof of address, and additional documents;
• Freeze or hold transactions pending verification;
• Report suspicious activity to regulatory authorities.


5. Sending Money
• You may send funds to verified users only.
• You are responsible for entering the correct recipient details.
• Once a transaction is confirmed and processed, it cannot be reversed.
• We may apply processing delays for compliance checks or fraud prevention.


6. Receiving Money
• Users must verify their identity before accessing received funds.
• Funds are held in a secure escrow or brokerage account until released to the recipient.


7. Fees and Charges
• Transaction fees, brokerage charges, and currency conversion rates (if applicable) will be clearly disclosed before payment.
• All fees are non-refundable unless stated otherwise.
• You are responsible for any third-party fees (e.g., bank charges, network fees).

8. Transaction Limits
• Daily, weekly, or per-transaction limits may apply based on your verification level.
• Higher limits require enhanced due diligence.
• We reserve the right to change limits without prior notice.


9. Fraud, Chargebacks, and Disputes
• Fraudulent activity will result in immediate account suspension and possible legal action.
• We are not responsible for losses arising from user disputes, misuse, or unauthorized access.
• Chargebacks or disputes must be reported to us immediately at [info@groupnkwenti.com].


10. User Responsibilities
You agree not to:
• Use the platform for money laundering, scams, or illegal activities;
• Send or receive funds on behalf of third parties without authorization;
• Attempt to interfere with the platform's functionality or security.


11. Liability Disclaimer
We are not liable for:
• Delays in processing due to third-party systems;
• Losses arising from user disputes or recipient misbehavior;
• Acts beyond our control, such as network failures or legal seizures.
Our total liability is limited to the total fees paid by you in the last 30 days.


12. Account Suspension or Termination
We may suspend or terminate your access without notice if:
• You breach these terms;
• Your activity is deemed suspicious or illegal;
• Requested by law enforcement or regulators.
Funds may be withheld until investigation is complete.



13. Changes to Terms
We may update these Terms periodically. Updated versions will be posted on our website with a revised effective date. Your continued use of the service constitutes acceptance of the updated terms.


14. Governing Law & Dispute Resolution
These Terms are governed by the laws of [Your Country/State]. Any disputes shall be resolved through [mediation/arbitration/court] in [Jurisdiction].


15. Contact Information
For any inquiries, complaints, or legal notices, contact us at:
Email: [info@groupnkwenti.com]



📜 Privacy Policy
Effective Date: 29/05/2025
Company Name: NKWENTI INT’L SOURCING GROUP
Website: www.groupkwenti.com

1. Introduction
This Privacy Policy explains how [Your Company Name] ("we", "us", "our") collects, uses, stores, and protects your personal information when you use our services to send and receive money through [www.groupnkwenti.com].

2. Information We Collect
We collect the following types of information:
• Personal Information: Name, address, date of birth, email, phone number, government-issued ID.
• Financial Information: Bank details, payment card numbers, transaction history.
• Technical Information: IP address, browser type, device data, log files.
• Usage Data: How you interact with our website, timestamps, page views.

3. How We Use Your Information
We use your information to:
• Verify your identity (KYC/AML compliance)
• Process financial transactions
• Prevent fraud and ensure platform security
• Communicate with you (e.g., confirmations, support)
• Comply with legal obligations

4. Sharing Your Data
We do not sell your personal information. We may share it with:
• Payment processors and banks
• Identity verification providers
• Government and regulatory authorities (as required by law)
• Legal advisers and law enforcement (for legal obligations)

5. Data Retention
We retain your information for as long as necessary to:
• Comply with legal and regulatory requirements
• Resolve disputes
• Enforce our terms
Typically, this is [5–7 years] from the last transaction, unless longer retention is required by law.

6. Your Rights
Depending on your location, you may have the right to:
• Access and correct your data
• Delete your data (subject to regulatory exceptions)
• Object to or restrict processing
• File a complaint with a data protection authority
To exercise these rights, contact us a info@groupnkwenti.com

7. Data Security
We use encryption, secure servers, two-factor authentication, and regular audits to protect your data. No system is 100% secure, but we take all reasonable measures.


8. Cookies and Tracking
We use cookies to improve your experience. You can manage cookies through your browser settings.

9. International Transfers
If you use our service from outside [your country], your data may be transferred and processed in [Your Country]. We ensure appropriate safeguards are in place.

10. Updates to This Policy
We may update this policy periodically. We will notify you by email or website notice when significant changes are made.
Contact:
Email: [info@groupnkwenti.com]

Group Nkwenti Team


✅ Acceptable Use Policy (AUP)
Effective Date: [Insert Date]
Company Name: [Your Company Name]
This Acceptable Use Policy outlines prohibited activities when using www.groupnkwenti.com to send or receive money. Violation of this policy may result in account suspension, termination, and reporting to law enforcement.

1. Prohibited Uses
You may not use our services to:
• Engage in money laundering, fraud, or terrorist financing
• Send/receive payments for illegal goods or services (e.g., drugs, weapons)
• Violate intellectual property rights
• Exploit minors or engage in any form of human trafficking
• Misrepresent your identity or impersonate others
• Transact for gambling, pyramid schemes, or unlicensed investment schemes
• Interfere with the website’s infrastructure or security

2. Restricted Businesses
You may not use our services if you operate or are involved in:
• Adult content or escort services
• Unlicensed financial services or currency exchanges
• Sale of counterfeit goods or software
• Crypto trading platforms (unless pre-approved)
• High-risk investment programs (HYIPs)

3. Security Obligations
• Do not share your login credentials.
• Use two-factor authentication when available.
• Report any suspicious activity immediately.

4. Compliance
You agree to comply with all applicable:
• Local and international laws
• Financial services regulations
• Export restrictions and trade sanctions

5. Enforcement
We may take action including:
• Account suspension or termination
• Freezing of funds
• Reporting to authorities
• Legal proceedings

Group Nkwenti Team.