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    • Anti Money Laundering Policy and Terms

    Anti-money laundering policy

  • Overview
    Money laundering is the attempt to conceal or disguise the nature, location, source, ownership or control of illegally obtained money. Tax avoidance is one of the most common forms of money laundering. All forms of forgery and bribery as well are all associated to money laundering.
  • MY ECURRENCY NIGERIA is devoted to fighting money laundering and complying fully with Anti-Money Laundering laws in Nigeria. We have a clear knowledge that it is our responsibility to help fight the global battle against money laundering and our commitment will supersede all other privacy obligations contained in our policies. Accordingly, MY ECURRENCY Nigeria will take all appropriate steps to prevent persons engaged in money laundering, fraud, or other financial crimes from utilizing our products and services. Our AML policies, procedures and internal controls are designed to ensure compliance with all applicable BSA regulations and FINRA rules and will be reviewed and updated on a regular basis to ensure appropriate policies, procedures and internal controls are in place to account for both changes in regulations and changes in our business. Key components of our AML and CTF framework include the following:
  • myecurrency policyCOMPLIANCE OFFICER
    • - Ensures proper day-to-day scrutiny of compliance with the relevant legislation, regulations and industry guidance applicable to the money laundering laws and regulations.
    • - Close monitoring of transactions to detect unusual suspicious activities.
    • - Prompt preparation and delivery of all relevant returns to the regulatory bodies in line with SEC and FIU Rules and Regulations
    • - Communicating AML/CFT issues to all stakeholders.
  • myecurrency policyRISK COMMITTEE
    The appointment of an independent risk committee which reports to our board of directors regularly on all risk and compliance matters using a risk-based approach to the assessment and management of money laundering and terrorist financing risks and comply with the requirements of the Money Laundering (Prohibition) Act, 2011 (as amended), Terrorism (Prevention) Act, 2011 (as amended) and Terrorism Prevention (Freezing of International Terrorists Funds and other Related Measures) Regulations 2013, including related laws and Regulations
  • myecurrency policyINTERNAL CONTROL
    Having a strict internal control with the usage of procedures that will dissuade criminals from using our facilities for money laundering and terrorist financing and also to ensure that its obligations under subsisting laws and regulations are strictly adhered to.
  • myecurrency policyMY ECURRENCY NIGERIA shall ensure timely and accurate rendition of all AML/CFT returns as specified in the SEC AML/CFT Rules and Regulations as well as other relevant Regulations/Act/Guidelines/Circulars that may be issued from time to time by various government agencies. We shall exercise due diligence in identifying and reporting a suspicious transaction.

    • Terms and Conditions

    • myecurrency policyThese Terms of Use (“Terms of Use”), set forth the legally binding terms and conditions for your use of the website, App and other services (the “Service”) offered by My E-Currency Nigeria Limited, a company incorporated under the laws of the Federal Republic of Nigeria and having its registered address at 75/76 Oloje Oniba Drive, Iba Junction, Ojo, Lagos (“My e-currency”).
    • myecurrency policyYour access to use of the Service is conditioned on your acceptance of and compliance with the Terms of Use which apply to all visitors, users and others who access or use the Service and all applicable laws and all conditions or policies referenced here. By accessing or using the Service, you agree to be bound by the Terms of Use. If you disagree with any part of the terms, then you may not access the Service and by using the Service, you agree that My e-currency may use any information obtained about you in accordance with the provisions of the Privacy Policy.
    • myecurrency policyCompany policies and the Terms of Use
      The Service is offered subject to acceptance of the Terms of Use and all other operating rules, policies, and procedures that may be published on the website or App by My e-currency, which are incorporated by reference, including operating rules, policies, and procedures of third party services providers to the website and App that are referenced herein. In addition, some services offered through the website or App may be subject to additional terms and conditions adopted by My e-currency. Your use of those services is subject to those additional terms and conditions, which are incorporated into the Terms of Use by this reference.
    • myecurrency policyAmendment/replacement
      My e-currency reserves the right, at its sole discretion, to modify or replace the Terms of Use from time to time by posting the updated terms on the website or App. It is your responsibility to check the Terms of Use periodically for changes. If you object to any such changes, your sole recourse will be to cease using the Service. Your continued use of the Service following the posting of any changes to the Terms of Use will indicate your agreement to be bound by the terms and conditions of such changes. My e-currency also reserves the right to change, suspend, or discontinue the Service at any time for any reason or no reason. My e-currency may impose limits on certain features and Services or restrict your access to parts of or the entire Service without notice or liability.
    • myecurrency policySecurity
      You are responsible for safeguarding the password that you use to access the Service and for any activities or actions under your password, whether your password is with our Service or a third-party service. You must provide us information that is accurate, complete, and current at all times. Failure to do so constitutes a breach of the Terms of Use, which may result in immediate termination of your account on our Service. You agree not to disclose your password to any third party. You must notify us immediately upon becoming aware of any breach of security or unauthorized use of your account.
    • myecurrency policyIntellectual Property
      The Service and its original content, features and functionality are and will remain the exclusive property of My e-currency. The Service is protected by copyright, trademark, and other laws of The Federal Republic of Nigeria.
    • myecurrency policyLinks to Other Web Sites
      Our Service may contain links to third-party web sites or services that are not owned or controlled by My e-currency and My e-currency has no control over, and assumes no responsibility for, the content, privacy policies, damages and upset arising from use or practices of any third-party web sites or services. You further acknowledge and agree that My e-currency shall not be responsible or liable, directly or indirectly, for any damage, discomfort or loss caused or alleged to be caused by or in connection with use of or reliance on any such content, goods or services available on or through any such web sites or services.
    • myecurrency policyIndemnification
      You shall defend, indemnify, and hold harmless My e-currency, its affiliates and each of its, and its affiliates employees, contractors, directors, suppliers and representatives from all liabilities, claims, and expenses, including reasonable attorneys’ fees, that arise from or relate to your use or misuse of, or access to the Service in violation of the Terms of Use or infringement by you, or any third party using the your account, of any intellectual property or other right of any person or entity.
    • myecurrency policyLimitation of Liability
      In no event shall My e-currency, its directors, employees, partners, agents, suppliers, or affiliates, be liable for any indirect, incidental, special, consequential or punitive damages, including without limitation, loss of profits, data, use, goodwill, or other intangible losses, resulting from (i) your access to or use of or inability to access or use the Service; (ii) any conduct or content of any third party on the Service; (iii) any content obtained from the Service; and (iv) unauthorized access, use or alteration of your transmissions or content, whether based on warranty, contract, tort (including negligence) or any other legal theory, whether or not we have been informed of the possibility of such damage, and even if a remedy set forth herein is found to have failed of its essential purpose.
    • myecurrency policyGoverning Law
      These Terms shall be governed and construed in accordance with the laws of the Federal Republic of Nigeria.
    • myecurrency policyDisclaimer
      Your use of the Service is at your sole risk. The Service is provided on an “AS IS” and “AS AVAILABLE” basis. The Service is provided without warranties of any kind, whether express or implied, including, but not limited to, implied warranties of merchantability, fitness for a particular purpose, non-infringement or course of performance. My e-currency subsidiaries, affiliates, and its licensors do not warrant that a) the Service will function uninterrupted, secure or available at any particular time or location; b) any errors or defects will be corrected; c) the Service is free of viruses or other harmful components; or d) the results of using the Service will meet your requirements.
    • myecurrency policyDisclaimer
      Your use of the Service is at your sole risk. The Service is provided on an “AS IS” and “AS AVAILABLE” basis. The Service is provided without warranties of any kind, whether express or implied, including, but not limited to, implied warranties of merchantability, fitness for a particular purpose, non-infringement or course of performance. My e-currency subsidiaries, affiliates, and its licensors do not warrant that a) the Service will function uninterrupted, secure or available at any particular time or location; b) any errors or defects will be corrected; c) the Service is free of viruses or other harmful components; or d) the results of using the Service will meet your requirements.
    • myecurrency policyOur failure to enforce any right or provision of the Terms of Use will not be considered a waiver of those rights. If any provision of the Terms of Use is held to be invalid or unenforceable by a court, the remaining provisions will remain in effect.

    Privacy Policy

    • myecurrency policyThis Privacy Policy governs the manner in which My e-currency collects, uses, maintains and discloses information collected from users (each, a “User”) on its website, App and each service offered by My e-currency (the “Service”).
    • myecurrency policyPersonal Identification Information
      We may collect personal identification information from Users in a variety of ways, including, but not limited to, when Users use the Service, visit our site, register on the site, place an order, fill out a form, and in connection with other activities, services, features or resources we make available. As deemed appropriate, Users may be asked for; name, email address, mailing address, phone number, account number. Users may, however, visit our site anonymously. We will collect personal identification information from Users only if they voluntarily submit such information to us. Users can always refuse to supply personal identification information, except that it may prevent them from engaging in certain site related activities.
    • myecurrency policyNon-Personal Identification Information
      We may collect non-personal identification information about Users whenever they interact with our Site. Non-personal identification information may include the browser name, the type of computer and technical information about the Users means of connection to our Site, such as the operating system and other similar information
    • myecurrency policyWeb Browser Cookies
      Our Site may use “cookies” to enhance User experience. User’s web browser places cookies on their hard drive for record-keeping purposes and sometimes to track information about them. User may choose to set their web browser to refuse cookies, or to alert you when cookies are being sent. If they do so, some parts of the Service may not function properly. Where you do not want information collected through the use of cookies, there is a simple procedure in most browsers that allows you to decline the use of cookies. \
    • myecurrency policyHow we Use collected Information
      We may collect and use Users personal information: (i) to run and operate the Service (ii) to improve customer service (iii) to personalize user experience (iv) to improve our Service (v) to process payments (vi) to send periodic emails
    • myecurrency policyLawful Purpose
      Our basis for collecting and processing your Personal Data includes but not limited to: contract, legal obligation, consent and legitimate interest. Specifically, Personal Data is collected and processed for specific, legitimate and lawful purposes
    • myecurrency policyHow we Protect Your Information
      We adopt appropriate data collection, storage and processing practices and security measures to protect against unauthorized access, alteration, disclosure or destruction of your personal information, username, password, transaction information and data stored on our site. Your personal data is secured against all foreseeable hazards and breaches such as theft, cyber or viral attack, dissemination, manipulations and any damage.
    • myecurrency policyWe do not sell, trade, or rent Users personal identification information to others. We may share generic aggregated demographic information not linked to any personal identification information regarding visitors and users with our business partners, trusted affiliates and advertisers for the purposes outlined above. We may use third party service providers to help us operate our business and the Site or administer activities on our behalf, such as sending out newsletters or surveys. We may share your information with these third parties for those limited purposes provided that you have given us your permission.
    • myecurrency policySharing Your Personal Information
      We may collect and use Users personal information: (i) to run and operate the Service (ii) to improve customer service (iii) to personalize user experience (iv) to improve our Service (v) to process payments (vi) to send periodic emails
    • myecurrency policyElectronic Newsletters
      If Users decide to opt-in to our mailing list, they will receive emails that may include company news, updates, related product or service information, etc.
    • myecurrency policyDisclosures Required by Law
      We may disclose Personally Identifiable Information if required to do so by law or in the good faith belief that such action is necessary to (a) conform with the requirements of the law or comply with legal process served on us, or (b) act in urgent circumstances to protect the personal safety of users of our Service or members of the public. To the extent practicable and legally permitted, we will attempt to advise you prior to any such disclosure, so that you may seek a protective order or other relief limiting such disclosure.
    • myecurrency policyThird Party Websites
      Users may find advertising or other content on our Site that link to the sites and services of our partners, suppliers, advertisers, sponsors, licensors and other third parties. We do not control the content or links that appear on these sites and are not responsible for the practices employed by websites linked to or from our Site. In addition, these sites or services, including their content and links, may be constantly changing. These sites and services may have their own privacy policies and customer service policies. Browsing and interaction on any other website, including websites which have a link to our Site, is subject to that website’s own terms and policies.
    • myecurrency policyThe Data that we Retain
      We will retain your information for as long as your account is active or as needed to provide you with our services, or comply with our legal and statutory obligations
    • myecurrency policyStorage of Your Data
      We implement a purely cloud-based data storage system. By submitting your personal data, you agree to this transfer, storing or processing. We will take all steps reasonably necessary to ensure that your data is treated securely and in accordance with this privacy policy. We erase/delete personal data in the event of any of the following:
      • - The personal data is no longer necessary in relation to the purposes for which they were collected or processed;
      • - You withdraw your consent or object to the processing and there is no overriding lawful basis for the processing;
      • - The personal data was unlawfully collected or processed in the first place;
      • - In compliance with NITDA’s or any other lawful directive.
    • myecurrency policyYour Rights
      You have various rights in relation to your personal information. In particular, you have a right to:
      • - Request a copy of personal information we hold about you;
      • - You withdraw your consent or object to the processing and there is no overriding lawful basis for the processing;
      • - Ask that we update the personal information we hold about you, or correct such personal information that you think is incorrect or incomplete;
      • - Ask that we delete personal information that we hold about you, or restrict the way in which we use such personal information;
      • - Withdraw consent to our processing of your personal information (to the extent such processing is based on consent).
    • myecurrency policyChanges to this Privacy Policy
      My e-currency has the discretion to update this privacy policy at any time. When we do, we will post a notification on the main page of our Site. We encourage Users to frequently check this page for any changes to stay informed about how we are helping to protect the personal information we collect. You acknowledge and agree that it is your responsibility to review this privacy policy periodically and become aware of modifications.
    • myecurrency policyYour Acceptance of these Terms
      By using this Site, you signify your acceptance of this policy. If you do not agree to this policy, please do not use our Site. Your continued use of the Site following the posting of changes to this policy will be deemed your acceptance of those changes.
    • myecurrency policyNote that you can withdraw your consent at any time, however such withdrawal of consent would not affect the lawfulness of processing information based on consent given before its withdrawal.