Restrictions

Vortex Digital is committed to maintaining a secure and compliant banking environment. To achieve this, certain activities are strictly prohibited. Users of our services must adhere to the following restrictions:

 

1. Prohibited Transactions

 

Illegal Activities: Engaging in or facilitating any activities that are illegal under local, national, or international laws.

Money Laundering: Conducting transactions that involve proceeds from criminal activities or are intended to disguise the origins of illicit funds.

Terrorist Financing: Providing or collecting funds with the intention or knowledge that they will be used to support terrorist activities.

Fraud: Engaging in deceptive activities, including identity theft, phishing, or any form of financial fraud.

Sanctioned Individuals/Entities: Conducting transactions with individuals or entities that are subject to international sanctions.

 

2. Restricted Business Practices

 

Unlicensed Financial Services: Offering financial services without the necessary licenses or regulatory approvals.

High-Risk Businesses: Engaging in business activities that are considered high-risk, such as online gambling, adult entertainment, or the sale of controlled substances without proper authorization.

Shell Companies: Using or creating shell companies for the purpose of evading taxes, laundering money, or other illicit activities.

 

3. Use of Accounts

 

Unauthorized Access: Attempting to gain unauthorized access to any part of the Fintech's services or systems.

Misrepresentation: Providing false or misleading information during account registration, verification, or during any interactions with the Fintech.

Account Misuse: Using accounts for purposes other than those intended, including personal accounts used for business transactions without prior authorization.

 

4. Transaction Monitoring

 

Unusual Activity: Conducting transactions that are unusual in volume, frequency, or size, which may trigger compliance reviews and possible reporting to relevant authorities.

Structuring: Deliberately breaking down transactions into smaller amounts to evade reporting requirements or scrutiny.

 

5. Data Privacy and Security

 

Data Misuse: Using or disclosing customer data in violation of the Fintech's Privacy Policy or applicable data protection laws.

Cybersecurity Violations: Engaging in activities that compromise the security of the Fintech's systems, such as hacking, spreading malware, or conducting denial-of-service attacks.

 

6. Consequences of Violation

 

Account Suspension or Termination: The Fintech reserves the right to suspend or terminate accounts involved in prohibited activities.

Legal Action: Violations may result in reporting to law enforcement authorities and legal action.

Financial Penalties: Users may be subject to fines or other penalties as prescribed by law or regulatory bodies.

 

7. Contact Information

For any questions or concerns, Users can contact the Bank through the following means:

Email: support@vortexbank.uk

Address: 71-75 Shelton Street, Covent Garden, London, United Kingdom, WC2H 9JQ.

 

By using the Fintech's services, Users acknowledge that they have read, understood, and agreed to these terms and conditions.