Terms and Conditions

Terms And Condition GLOBAL TWELVETERMS AND CONDITIONS(VALENSPAYLIMITED)TERMS AND CONDITIONS-GLOBAL TWELVEwhich is a Trading Name of Valens Pay Limited(“Valens Pay”or “the Company”)INFORMATION ABOUT USGLOBAL TWELVEis a Trading Name of Valens Pay Limited which is licenced by and registered withFINTRAC as a Money Service Businesswith FINTRAC license no. M21914872 as required by the Canadian Federal Law combating money laundering and terrorism financing for businesses such as GLOBAL TWELVEin the financial sector.Any licensingor regulatory enquiries or complaints about the Company and its services should be addressed to the Companyat its Registered Address.As used in these TermsandConditions, “GLOBAL TWELVE” or “Valens Pay” or “Valens” or “the Company” or “us” or “we” refers to the company Valens PayLimited, registered in Canada with the British Colombia Register under the company number BC1278918 with its registered address at 2102-58 Keefer Pl., Vancouver V6B 0B6, British Colombia, Canada.For the purposes of these Terms and Conditions the Company is referred to from time to time as GLOBAL TWELVE.GLOBAL TWELVEis not a bank and, as such, is not part of a depositor protection scheme.GLOBAL TWELVEis an Anti Money Laundering and Fintech introducing platform which connects its Members tolicensed third party service partners.When you register on the GLOBAL TWELVEplatform/s youconsent toyour data being shared immediately with third parties who we have contracted withto offer and provide you withtheir services. Your identity verification information and documents will be shared withsome or all of our third party service providers, some of whom may be disclosed in the GLOBAL TWELVEPrivacy Statement as varied from time to time. Anewallet will be opened for youwhen you successfully register with GLOBAL TWELVE, which may be with one of our third party service providers. When you perform other actions via the GLOBAL TWELVEplatform, your identity verification information will most likely be securely shared with the other relevant licensed service partnersin order to provide the services. Any and all customer funds are deposited with third party providers and are securely held by licensed banksand/or Central Banks.By using this website (“Site”), registering foraGLOBAL TWELVEAccount (“Account”) or using any otherGLOBAL TWELVEServices, you ("you, your, or yourself") are agreeing to accept and complywith these Termsand and Conditionscontained herein ("Terms andConditions"). The Terms andConditionsinclude policies set out in Terms andConditions, Data Policy, privacy policy AML CTF policy and other policies and you should read them all in their entirely and carefully on every occasionbefore using this Site or any of theGLOBAL TWELVEServices.GLOBAL TWELVEis a trademark ofValens Pay Limited.References toGLOBAL TWELVEare also references to its owners, directors, investors, employees.GLOBAL TWELVEis an AML and introducing platform which provides Customers with a GLOBAL TWELVEaccount and connects its users to licensed service partnersfor other services. When you register onGLOBAL TWELVEyour identity verification information and documents are shared withparties some of whom are disclosed in the Privacy Policy, AML CTF Policy, Data Policyand other similar policies and varied from time to time. You will not be notified of any changes to any of our policies and terms, it is for you to read all terms before using the platform to ensure you are aware of the terms and conditions in place from time to time. The platform is owned by Valens Pay Limited. ACKNOWLEDGMENTSBy using this website (“Site”), registering for a GLOBAL TWELVEAccount (“Account”) or using any other GLOBAL TWELVEServices, you (“you, your, or yourself”) are agreeing to accept and comply with the Terms and Conditions stated below (“Terms andConditions”). You should read the entire Terms andConditionscarefully before using this Site or any of the GLOBAL TWELVEServices.By accessing or using the Service you agree to be bound by these Termsand Conditions. If you do not agree with and accept all the Terms andConditionsquoted herein, then you may not access and or use the Services of the platform. By accessing or using the Services promoted on the platform you will become introduced to certain third party partners of our choosing with whom we have commercial arrangements. If you accept an introduction and apply for services described as being available to you on our platform, you herby acknowledge that you do so at your own risk with no warranty from us whatsoever and that you are aware that you will be entering into a services agreement with a third party and not with the Company. You acknowledge that it is your responsibility to ensure that the services provided by third parties are appropriate for you and your needs. You acknowledge that the Company may receive initial and ongoing fees and commissions from introductions made to third parties and from business undertaken via third partiesand the Company will only disclose the details of those fees and commissions where required to do so by law. You acknowledge that when following a link to services via the platform that you may in fact leave the Company’splatform,website and/orURL and you may become hosted upon the IT systems of the introduced party which may be in a different country to both you and the Company.GLOBAL TWELVEagreesto be bound by these Terms and Conditions. If you do not agree with and accept all the Termsand Conditions quoted hereinwithout amendment, then you may not access and or use the Services of the platform.Depending on your country of residence, you may not be able to use all the functions of the Site. It is your responsibility to follow the rules and regulations applicable in your country of residence and/or country from which you access this Site and Services. As long as you agree to and comply with these Terms andConditions, GLOBAL TWELVEgrants you the personal, non-exclusive, non-transferable, non-sublicensable, and limited right to enter and use the Site and the Service.IF YOU DO NOTOR YOU CANNOTACCEPT THE TERMS AND CONDITIONS OUTLINED IN THIS AGREEMENT, DO NOT ACCESS THIS SITE AND DO NOT USE OUR SERVICE/S.DEFINITIONSAccount (or Profile):The contractual arrangement wherein an individual or a corporation becomes aGLOBAL TWELVEMember by accepting the Company’s Terms andConditionsandPrivacy Policy, and applyingto use GLOBAL TWELVE’sthird party’sServices, including the option to open bank account, purchase a debit t card or purchase and sale of cryptocurrencies, to perform associated Transactions and use GLOBAL TWELVEand/or GLOBAL TWELVEpartners services.

Privacy Policy

Terms And Condition PRIVACY POLICYGLOBAL TWELVE PRIVACY NOTICE (short form)This privacy notice applies to Valens Pay Limited using the Trading Name Global Twelve (together “Global Twelve”, “Valens Pay Limited” or “we” or “our”).This notice shows our commitment to protect your privacy rights and sets out the basis on which any personal information we collect from you, or that you provide to us, will be processed by us. It applies to:the website/portal features and services provided to you when you visit our websites, portals or our payment panels our clients may use on their websites;your use of software including terminals, mobile and desktop applications provided by Global Twelve; andemail, other electronic messages including SMS, telephone, web chat, website/portal and other communications between you and Global Twelve.Please read the following carefully to understand our views and practices regarding your personal data and how we will treat it.Global Twelve takes a “layered approach” to explaining its privacy practices, as often recommended by regulators. This means that we endeavor to initially provide you with the key privacy information in the form of this ”short form” privacy notice. To review our complete privacy notice, please see our Comprehensive Privacy Policy below. Contact us details are provided at the end of this privacy notice, for feedback or any privacy enquiries you may have.Contact us details are provided at the end of this privacy notice, for feedback or any privacy enquiries you may have.INFORMATION WE MAY COLLECT FROM YOUYou may provide some information to us, for example when you enquire for or make an application for the Global Twelve Services, register to use and/or use any Global Twelve Services, by filling in forms on one of our websites, participating in one of our events or by corresponding with by us phone, e-mail, web chat or otherwise. We may collect some of it through automatic means, for example by using cookies when you visit our websites. Read ourCookie Statementto know more. We may also obtain data about you from third parties, like credit reference and fraud prevention agencies.USES OF THE INFORMATIONWe use information we collect about you to provide you with the products we offer, to notify you about changes to our products and to improve our products. We also use this information to provide you with information about other products we or selected third parties offer which are similar to the ones you have used or enquired about or we think may be of interest to you. If you use one of our financial products, we will also use your information to assess your financial situation and to try to identify and prosecute possible frauds.DISCLOSURE OF YOUR INFORMATIONWe will not disclose your personal data to anyone except as described in this notice. We may share your personal information with third parties to provide you with the products we offer, including service providers, credit reference agencies and financial institutions. We may also share your personal information with third parties to prevent crime and reduce risk, if required to do so by law, where we deem it appropriate to do so, to respond to legal process or to protect the rights or property of Global Twelve, our customers or others.WHERE WE STORE YOUR PERSONAL DATA AND DATA SECURITYThe information Global Twelve collects from you may be transferred to, stored at and processed by recipients located in destinations outside Canada. These countries may have data protection standards that are different to (and, in some cases, lower than) those in which you reside. We will take all steps necessary to ensure that the recipients will use and protect your information in the same secure way that we do.If wehave given you (or if you have chosen) a password, access code or any other secure means or access or authentication which enables you to access certain parts of our site, you are responsible for keeping this password confidential and complying with our instructions. You must not share your password or other login credentials with anyone, and you hereby authorise Global Twelve to act upon instructions and information from any person that enters your credentials.The transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our site, unless you are communicating with us through a secure channel provided by us. Once we have received your information, we will use strict procedures and security features in an effort to prevent unauthorised access.YOUR RIGHTSWhere applicable, you may have certain rights under data protection legislation, including the right to access, correct, update or delete your personal information; object to or restrict its processing; request to transfer certain of your personal information to another service provider (so called, data portability); or to revoke any consent you have given.However, please note that there are exceptions to those rights. For the full explanation of the rights available, please refer to ourComprehensive Privacy Notice.AUTOMATED DECISION MAKINGAutomated decisions mean that a decision concerning you is made automatically on the basis of a computer determination (using software algorithms), without our human review.

AML CTF Policy

Terms And Condition GLOBAL TWELVEANTI-MONEY LAUNDERING ("AML") AND COUNTER-TERRORIST FINANCING POLICY("CTF").1. INTRODUCTIONAnti-Money Laundering ("AML") and Counter-Terrorist Financing Policy ("CTF")–Global Twelvewhich is a Trading Name of Valens Pay Limited(“Valens Pay”)INFORMATION ABOUT USGlobal Twelveis a Trading Name of Valens Pay Limited as registered with the British Columbia Register in Canada. Valens Pay Limited is licenced by and registered with FINTRAC as a Money Service Business with FINTRAC license no. M21914872 as required by the Canadian Federal Law combating money laundering and terrorism financing for businesses such as Valens in the financial sector. Any concernsabout theAML and CTF policies of Global Twelveand its services should be addressed to the Company.As used in theseAML and CTF policies, “Valens Pay” or “Global Twelve” or “Global12” or “the Company” or “us” or “we” refers to the company Valens Pay Limited, registered in Canada with the British Colombia Register under the company number BC1278918 with its registered address at 2102-58 Keefer Pl., Vancouver V6B 0B6, British Colombia, Canada. Money laundering is defined as the process where the identity of the proceeds of crime are so disguised that it gives the appearance of legitimate income. Criminals specifically target financial services firms through which they attempt to launder criminal proceeds without the firm's knowledge or suspicions.In response to the scale and effect of money laundering, Canada has passed legislation designed to prevent money laundering and to combat terrorism. This legislation, together with regulations, rules and industry guidance, forms the cornerstone of Global Twelve‘s AML and CTF obligations for Canadian firms and outlines the offences and penalties for failing to comply.Global Twelveis subject to provisions on Anti Money Laundering (AML) under the laws of Canada, which are in accordance with the FATF recommendations. Canada is a member country of the Financial Action Task Force (FATF). This means in particular thatValenshas to identify its customers and establish the beneficial owner's identity. The AML compliance policies approved by the Management Board include inter alia the processes for the identification of the customers and establishing the identity of the beneficial owner. The policies also cover the collection of information regarding the customers' business activities, relationships with Politically Exposed Persons and record retention procedures. Furthermore,Valensregularly provides AML training to relevant employees and does not provide banking services to any bank that does not maintain a physical presence in any country and that is not a regulated affiliate. The anti-money laundering policies are applicable to head office and branches alike and are in accordance with the Wolfsberg anti-money laundering principles.The Global TwelveAML Policy is designed to prevent money laundering by meeting the Canadian standards on combating money laundering and terrorism financing, including the need to have adequate systems and controls in place to mitigate the risk of the firm being used to facilitate financial crime.This AML Policy sets out the minimum standards which must be complied with and includes:The appointment of a MoneyLaundering 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;Establishing and maintaining a Risk Based Approach (RBA) towards assessing and managing the money laundering and terrorist financing risks to the company;Establishing and maintaining risk-based customer due diligence, identification, verification and know your customer (KYC) procedures, including enhanced due diligence for those customers presenting higher risk, such as Politically Exposed Persons (PEPs);Establishing and maintaining risk based systems and procedures to monitor on-going customer activity; Procedures for reporting suspicious activity internally and to the relevant law enforcement authorities as appropriate;The maintenance of appropriate records for the minimum prescribed periods;Training and awareness for all relevant employeesIt is prohibited to provide any product or serviceor process any transaction for the benefit of individual or entity included in the international sanctions lists. As such, the adherence with applicable laws and regulations in relation to prevention of money laundering and terrorist financing, (hereinafter referred to as “AML”) is mandatory and fundamental to strategy and program.Global Twelvehas strict and transparent standards and continuously strengthens its processes so as to ensure compliance with applicable AML laws and regulations.Global Twelvereserves the right to reject any customer, payment or business that is not consistent with the Global TwelveAML policy, irrespective of the requirements of the applicable AML laws and regulations.