Tearms & Condition

Terms and Condition

1. OVERVIEW OF TERMS:

Welcome to SAIY Financial Group Terms and Conditions (these “Terms”). These Terms have been provided by SAIY Financial Group (also “we” or “us” or “our”) and it contains the rules and practices our website and service users (also “you” or “your”) must adhere to before using our website and services.

BY USING OUR WEBSITE, YOU CONFIRM TO SAIY FINANCIAL GROUP THAT YOU HAVE READ, UNDERSTAND, AND AGREED TO THE TERMS AND CONDITIONS IN THIS TERMS. IF YOU DO NOT AGREE TO IT, YOU HAVE NO OTHER OPTION BUT TO STOP USING OUR SERVICES.

2. UPDATES TO TERMS AND SERVICES:

We reserve the right, at our discretion, to update, modify, change, or review (collectively, “Updates”) a portion or part of this Terms and/or our Services without notice to you. Any Updates made to this Terms shall be followed by updating these Terms and changing the data above. Updates may also be communicated to you via your registered email address.

3. SERVICE ELIGIBILITY AND REGISTRATION:

To use our website for trading activities, you must be at least 18 years of age and must register for a user account. For corporate account registration, you must have the authority, permission, and proof from the organization you are representing.

Information Collection and Use

We collect several different types of information for various purposes to provide and improve our Service to you.

Types of Data Collected

Personal Data

While using our Service, we may ask you to provide us with certain personally identifiable information that can be used to contact or identify you (“Personal Data”). Personally, identifiable information may include, but is not limited to:

Email address

First name and last name

Phone number

Address, State, Province, ZIP/Postal code, City

Cookies and Usage Data 

4. USER REPRESENTATIONS AND WARRANTIES:

By using our Services, you represent and warrant that:

The data you provided during registration is accurate and complete;

Only you will have access to your account;

You are 18 years of age or above;

By using our Services on behalf of a company, you have permission from the company to do so;

Your use of our Services does not violate any local law or regulation in the location you are.

5. WE MAKE NO WARRANTY:

By using the information provided by SAIY Financial Group regarding investment activities, you acknowledge and agree that the information is provided for reference purposes only and do not constitute investment, tax, and financial advice whatsoever. We do not warrant or represent to you that the information is accurate, complete, up-to-date, or relevant. You further agree that you will use the information at your sole risk without passing any liability to SAIY Financial Group.

6. RESTRICTED ACTIVITIES:

By accessing our website and engaging in trading activities, you agree to stay away from the below restricted activities including;

1. Attempting to undermine the security or integrity of our computing systems or networks;

2. Carrying out actions that encourages money laundering and other criminal activities including but not limited to in foreign currency (FOREX), such as gold, silver, other commodities, indices or stocks as described in our Legal Policy;

3. Carrying out actions that distribute, publish, or disseminate any unlawful or illegal information or material or otherwise violates any applicable law;

4. Attempting to gain unauthorized access to any part of our website which you do not have our permission to access;

5. Imputing or transmitting any files that may damage any of the functionalities that make up the website or the systems;

6. Sharing content, information or files that are racist, offensive, pornographic or otherwise violates any law including laws relating to copyright violations which you do not have the permission to share;

7. Attempting to modify, copy, use, decompile, disassemble or reverse-engineer any software or programs used by SAIY Financial Group to provide our Services; and

8. Giving out or sharing your passwords and account to someone else without prior written consent from us.

You hereby acknowledge and agree that by using our Services you agree to a 1-year fixed term. If you choose to withdraw your full investment amount within a year, a 10% administration fee will be charged.

SAIY Financial Group reserves the right to withdraw SAIY Financial Group’s monthly profit generated from the investors’ portfolio.

The investor has the option to withdraw his/her quarterly/monthly profits or to re-invest the profits. Quarterly/monthly withdrawals will only be allowed once all positions are closed in the invested asset classes.

8. PRIVACY POLICY

We respect your privacy and understand the risk involved if your privacy is breached by unauthorized individual. To know about how we process your personal data and other data shared with us, including your verification documents, please, read our Privacy Policy disclosures.

9. INTELLECTUAL PROPERTY RIGHTS

The content on the website (“SAIY Financial Group Content”) including trademarks, service marks, and logos contained therein (“Marks”) are licensed to SAIY Financial Group , and are subject to copyright and other intellectual property rights under foreign laws and international conventions. SAIY Financial Group Content includes, but not limited to, all source codes, databases, layouts, software, designs, audio, video, text, photographs and graphics. SAIY Financial Group’s trademarks may not be used, including as part of trademarks and as part of domain names, in connection with any service or product in any way that may cause confusion and may not be copied or used, in whole or part, without SAIY Financial Group’s consent.

10. LIMITED LICENSE

Unless it otherwise stated, the SAIY Financial Group Content including trademarks, service marks, copyrights, and intellectual property rights, are owned and controlled by SAIY Financial Group under international convention and foreign laws. SAIY Financial Group hereby grants you an unlimited license to download any of our intellectual property for your personal, non-commercial use only.

 11. THIRD PARTY CONTENT

The links and adverts posted on the website are third-party links and adverts (“Third Party Content”) and are not under SAIY Financial Group’s supervision or control. We do not warrant to you that the content of Third Party Contents are accurate, complete or legal. Third Party Contents (including those sent to your email address) are provided to you for references only and should be checked for accuracy or completeness before relying on them. SAIY Financial Group will not be liable to you for any loss you may incur from any Third Party Content you accessed or used through our website.

12. DISCLAIMER

TO THE FULLEST EXTENT PERMISSIBLE UNDER THE APPLICABLE LAW, YOU HEREBY AGREE THAT YOUR USE OF OUR WEBSITE AND SERVICES IS DONE AT YOUR SOLE RISK. SAIY FINANCIAL GROUP PROVIDE THE WEBSITE AND OUR SERVICES ON “AS IS” AND “AS AVAILABLE” BASIS AND HEREBY DISCLAIM ALL WARRANTIES AND REPRESENTATIONS (IMPLIED OR EXPRESS), INCLUDING BUT NOT LIMITED TO WARRANTIES OF ACCURACY, MERCHANTABILITY, COMPLETENESS, FITNESS FOR PURPOSE, AVAILABILITY, TITLE, AND NON-INFRINGEMENT. WE DO NOT WARRANT THAT THE WEBSITE WILL BE ERROR-FREE, TOTALLY SECURE, OR NON-INTERRUPTED. WE FURTHER DO NOT WARRANT THAT THE INFORMATION, MATERIALS, AND TIPS ON THE WEBSITE REGARDING INVESTMENT ACTIVITIES DOES NOT CONSTITUTE PROFESSIONAL, INVESTMENT, OR FINANCIAL ADVICE, AND THAT YOU WILL MAKE INDEPENDENT RESEARCH REGARDING THE VALIDITY OF ANY INFORMATION OR MATERIALS WE POST ON THE WEBSITE.

13. LIABILITY LIMITATION

TO THE FULLEST EXTENT PERMISSIBLE UNDER THE APPLICABLE LAW, UNDER NO CIRCUMSTANCES SHALL SAIY FINANCIAL GROUP, OUR EMPLOYEES, AFFILIATES, DIRECTORS, STAKEHOLDERS, AND THIRD PARTY SERVICE PROVIDERS BE LIABLE TO YOU FOR ANY DIRECT, INDIRECT, SPECIAL, PUNITIVE, CONSEQUENTIAL, EXEMPLARY, ACCIDENTAL DAMAGES INCLUDING DAMAGES OF LOST PROFIT, GOODWILL, REVENUE, DATA, AND OTHER TYPES OF LOSS WHICH MAY ARISE OR RESULT FROM YOUR USE OF OUR WEBSITE, SERVICES, AND THE INFORMATION PROVIDED BY US (EVEN IF SAIY FINANCIAL GROUP HAS BEEN ADVISED OR SHOULD HAVE FORESEE SUCH DAMAGES OCCURRING).

14. INDEMNIFICATION

You hereby agree to release and indemnify SAIY FINANCIAL GROUP, our employees, directors, affiliates, service providers, licensors, and associates from and against all claims, proceedings, court actions, lawsuits, demands, liabilities, damages, costs, expenses, or losses which may arise as a result or connected with your use of our Services, your violations of this Terms and other policies, or the violation of any applicable law or the rights of another individual or entity.

15. OUR ACTIONS ON VIOLATIONS

SAIY Financial Group reserves the right, at our discretion to seek any remedy or take actions available at law for any violation of our terms and conditions as described in this Terms. Remedy or actions may include but are not limited to the right to limit, suspend, or terminate your user account and bar you from engaging in trading activities on our website.

16. NO WAIVER

Should SAIY Financial Group fail to exercise our rights regarding a violation of these Terms and other policies and agreements established by us, it does not constitute a waiver of our right to do so at a future time.

17. FORCE MAJEURE

SAIY Financial Group shall not be liable to you or third party for any failure to perform our obligations if such failure is as a result of any occurrence that is beyond our reasonable control including but not limited to internet break downs, government actions, fire, market forces, storm, fire, severe weather conditions, rules, wars, and power failure.

18. SEVERABILITY

If any portion or provision of this Terms is found to be void, unenforceable or illegal by a competent court having jurisdiction, the parts shall be brought down or edited while the remaining portion or provisions that are legal and enforceable shall not be affected.

19. GOVERNING LAW

These Terms shall be governed and construed by international laws without regards to conflict of law and its provisions.

KYC / AML POLICIES

SAIY Financial Group (Pty) Ltd is committed to the highest standards of compliance against money laundering (AML) and anti-terrorist financing (CTF). The objective of the Companies Policy against Money Laundering and Terrorism Financing is to actively prevent the risks of these matters. To help the government combat the financing of terrorism and money laundering activities, the law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. We have an obligation to report suspicious client activity relevant to money laundering.

The money laundering process can be divided into three sequential stages:

At this stage, the funds are turned into financial instruments, such as checks, bank accounts, and money transfers, or they can be used to buy high-value goods that can be resold. They can also be physically deposited in banks and non-bank institutions (eg exchange houses). To avoid suspicion on the part of the company, the bleach can also make several deposits instead of depositing the entire sum at once, this form of placement is called smurf. 

The funds are transferred or moved to other accounts and other financial instruments. It is done to disguise the origin and interrupt the indication of the entity that carried out the multiple financial transactions. Moving funds and changing their form makes it difficult to track the money that is being laundered. 

The funds are re-circulated as legitimate to purchase goods and services.

SAIY Financial Group (Pty) Ltd adheres to the principles of Anti-Money Laundering and actively prevents any action that targets or facilitates the legalization process of illegally obtained funds. The AML policy means preventing the use of the company’s services by criminals, with the objective of money laundering, terrorist financing or other criminal activity. 

To prevent money laundering, SAIY Financial Group (Pty) Ltd does not accept or pay in cash under any circumstances. The company reserves the right to suspend the operation of any client, which may be considered illegal or, in the opinion of the staff, related to money laundering. 

Company procedures

know your client’s policy and due diligence

monitor customer activity

Know Your Customer – Due to the company’s commitment to AML and KYC policies, each company customer must complete a verification procedure. Before SAIY Financial Group (Pty) Ltd initiates any cooperation with the client, the company ensures that satisfactory evidence is presented or other measures are taken that produce satisfactory proof of the identity of any client or counterparty. The company also applies increased scrutiny to clients, who are residents of other countries, identified by credible sources as countries, who have inadequate AML standards or who may pose a high risk of crime and corruption and beneficial owners who reside in and whose funds are sourced from named countries.

Corporate clients

In the event that the applicant company is listed on a recognized or approved stock exchange or when there is independent evidence to show that the applicant is a wholly owned subsidiary or a subsidiary under the control of said company, no further steps will normally be taken to verify the identity. necessary. In the event that the company is not listed and none of the main directors or shareholders already has an account with SAIY Financial Group (Pty) Ltd the following documentation must be provided:

Certificate of incorporation or any national equivalent;

Memorandum and Articles of Association and statutory declaration or any national equivalent;

Certificate of good standing or other proof of the company’s registered address;

Resolution of the board of directors to open an account and grant authority to those who will operate it;

Copies of powers of attorney or other authorities granted by the directors in relation to the company;

Proof of the identity of the directors in case they deal with SAIY Financial Group (Pty) Ltd on behalf of the Client (in accordance with the individual identity verification rules described above);

Proof of identity of the final beneficiary (s) and / or the person (s) under whose instructions the signers of the account are empowered to act (in accordance with the rules of individual identity verification described above).

Tracking customer activity

In addition to collecting customer information, SAIY Financial Group (Pty) Ltd continues to monitor the activity of each customer to identify and prevent any suspicious transactions. A suspicious transaction is known as a transaction that is not consistent with the legitimate business of the customer or with the transaction history of the regular customer known by tracking customer activity. SAIY Financial Group (Pty) Ltd has implemented the named transactions monitoring system (both automatic and, if necessary, manual) to prevent criminals from using the company’s services.

Registry maintenance

Records must be kept of all transaction data and data obtained for identification purposes, as well as all documents related to money laundering issues (e.g. suspicious activity reporting files, AML account monitoring documentation, etc.). Those records are kept for a minimum of 7 years after the account  is closed.

Measures taken

In cases of an attempt to execute transactions that SAIY Financial Group (Pty) Ltd suspects are related to money laundering or other criminal activity, it will proceed in accordance with applicable law and report the suspicious activity to the regulatory authority. 

SAIY Financial Group (Pty) Ltd reserves the right to suspend the operation of any client, which may be considered illegal or may be related to money laundering in the opinion of the staff. SAIY Financial Group (Pty) Ltd has full discretion to temporarily block the suspicious customer’s account or terminate a relationship with an existing customer.   

For more information you can contact us at informationofficer@saiyfg.com.