Terms of Service

1. Agreement to Terms

These Terms of Service ("Terms") govern your access to and use of the AML Shield platform, including its website, application, application programming interfaces ("API"), dashboard, software, documentation, and related services (collectively, the "Service"), operated and provided by EKEDOS LTD ("EKEDOS", "we", "us", or "our").

By creating an account, accessing the AML Shield dashboard, obtaining or using an API key, submitting information through the Service, or otherwise using any part of the Service, you acknowledge that you have read, understood, and agreed to be bound by these Terms.

If you are accessing or using the Service on behalf of a company, organisation, institution, or other legal entity, you represent and warrant that you have the authority to bind that entity to these Terms. In such circumstances, "you" and "your" shall refer to both you and the entity you represent.

2. The Service

AML Shield is a compliance technology platform designed to assist businesses and organisations with customer due diligence, anti-money laundering ("AML"), know-your-customer ("KYC"), sanctions screening, fraud prevention, identity verification, and related compliance activities.

Depending on your subscription plan and enabled features, the Service may provide:

• Identity verification and customer verification;
• KYC and customer due diligence screening;
• Sanctions and watchlist screening;
• Politically Exposed Person ("PEP") screening;
• Adverse media screening;
• Transaction monitoring;
• Fraud detection and fraud-risk indicators;
• Risk scoring and risk classification;
• Document verification;
• Continuous or recurring monitoring;
• Compliance alerts and screening results;
• API-based screening and verification;
• Audit logs and compliance records; and
• Other compliance-related features made available by EKEDOS.

The Service is provided as a screening, verification, and decision-support technology. AML Shield does not constitute legal, regulatory, financial, accounting, or professional compliance advice.

Your use of the Service does not relieve you of your responsibility to comply with applicable AML, KYC, sanctions, data protection, financial crime, privacy, or other regulatory requirements applicable to your business or jurisdiction.

You remain solely responsible for establishing and maintaining your own compliance policies, procedures, controls, investigations, escalation processes, and regulatory reporting obligations.

3. Accounts and API Keys

Certain features of AML Shield require you to create an account and provide accurate, complete, and current registration information.

You are responsible for maintaining the confidentiality and security of your account credentials, passwords, authentication information, API keys, access tokens, and other security credentials associated with your account.

You are responsible for all activities conducted through your account or API credentials, except to the extent that such activity results directly from a security failure attributable to EKEDOS.

You agree to:

• Use your account only for lawful purposes;
• Restrict access to authorised personnel;
• Keep your login credentials and API keys confidential;
• Immediately notify EKEDOS of suspected unauthorised access;
• Promptly revoke compromised API keys or credentials; and
• Ensure that users accessing your account comply with these Terms.

EKEDOS reserves the right to suspend or revoke credentials where we reasonably believe that an account or API key has been compromised, misused, or used in violation of these Terms.

4. Subscription Plans, Fees and Billing

Access to certain features and usage levels of AML Shield may require payment of subscription or usage-based fees.

Unless otherwise specified in your applicable subscription plan, subscription fees are billed in advance on a monthly basis through Stripe or another payment processor designated by EKEDOS.

By subscribing to a paid plan, you authorise EKEDOS and its authorised payment processor to charge the applicable fees to your selected payment method.

You may upgrade, downgrade, or cancel your subscription through the billing dashboard where such functionality is available.

Unless otherwise expressly stated, cancellation will take effect at the end of the current billing period, and fees already paid are non-refundable.

EKEDOS reserves the right to modify subscription plans, usage limits, features, and pricing. Material pricing changes will apply to future billing periods and will be communicated through reasonable means.

5. Acceptable Use

You agree to use AML Shield only for lawful purposes and in accordance with these Terms and all applicable laws and regulations.

You must not:

• Circumvent, disable, interfere with, or attempt to bypass any authentication, security, rate-limit, or access-control mechanism;
• Attempt to gain unauthorised access to another account, system, database, API, or infrastructure;
• Reverse engineer, decompile, disassemble, or attempt to discover the source code or underlying algorithms of the Service, except where expressly permitted by applicable law;
• Resell, sublicense, distribute, lease, or commercially exploit the Service without the prior written consent of EKEDOS;
• Submit personal data or other information that you do not have the lawful right, authority, consent, or legal basis to process;
• Use the Service to facilitate fraud, money laundering, terrorist financing, sanctions evasion, or any other unlawful activity;
• Introduce malware, malicious code, viruses, or other harmful technologies into the Service;
• Interfere with or disrupt the availability, integrity, or performance of the Service; or
• Use Screening Results for unlawful discrimination, harassment, or other unlawful purposes.

6. Customer Data and Data Protection

For purposes of these Terms, "Customer Data" means information, documents, personal data, transaction information, identification information, and other data submitted to AML Shield by or on behalf of the Customer.

As between you and EKEDOS, you retain ownership of your Customer Data. You grant EKEDOS a limited, non-exclusive right to process Customer Data solely as necessary to provide, maintain, secure, support, and improve the Service and to comply with applicable legal obligations.

You represent and warrant that you have all necessary rights, permissions, notices, consents, and lawful bases required to collect, submit, and process Customer Data through AML Shield.

Where applicable, you act as the data controller or equivalent entity in respect of personal data that you submit to the Service, while EKEDOS acts as a data processor or equivalent service provider processing such information on your behalf.

You are responsible for providing appropriate privacy notices to individuals whose personal data is submitted for screening and for ensuring that such processing is lawful under applicable data protection legislation.

Where required, the parties may enter into a separate Data Processing Agreement ("DPA") governing the processing of personal data.

7. Watchlist and Identity Verification Data

AML Shield may obtain sanctions, watchlist, PEP, adverse media, and related compliance information from publicly available government sources, official watchlists, databases, and third-party data providers.

Depending on the applicable Service configuration, sanctions screening may include data associated with recognised sources such as the U.S. Office of Foreign Assets Control (OFAC), United Nations (UN), European Union (EU), and United Kingdom (UK), together with other relevant sources.

Identity verification services may be provided through Didit (didit.me) or other third-party identity verification providers integrated with AML Shield.

Third-party data may contain inaccuracies, omissions, outdated information, duplicate records, false positives, false negatives, transliteration differences, or other limitations.

EKEDOS therefore does not warrant or guarantee that third-party watchlists, sanctions data, PEP information, adverse media, identity verification information, or other external data are complete, accurate, current, uninterrupted, or error-free.

Screening Results are intended to be one input into your compliance and risk-management process and must not be treated as a conclusive legal determination.

You remain responsible for reviewing potential matches, conducting appropriate due diligence, resolving false positives, and determining what action should be taken based on the applicable laws and your internal compliance procedures.

8. Disclaimers and Limitation of Liability

TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, THE SERVICE IS PROVIDED ON AN "AS IS" AND "AS AVAILABLE" BASIS, WITHOUT WARRANTIES OF ANY KIND, WHETHER EXPRESS, IMPLIED, STATUTORY, OR OTHERWISE.

EKEDOS DOES NOT WARRANT THAT THE SERVICE WILL BE UNINTERRUPTED, ERROR-FREE, COMPLETELY SECURE, OR THAT SCREENING RESULTS WILL ALWAYS BE ACCURATE, COMPLETE, CURRENT, OR SUFFICIENT FOR YOUR PARTICULAR REGULATORY OR COMPLIANCE REQUIREMENTS.

EKEDOS SHALL NOT BE RESPONSIBLE FOR ANY COMPLIANCE DECISION, BUSINESS DECISION, INVESTIGATION, CUSTOMER ACTION, ACCOUNT RESTRICTION, TRANSACTION DECLINE, REGULATORY REPORT, OR OTHER ACTION TAKEN OR NOT TAKEN BY YOU BASED ON INFORMATION PROVIDED THROUGH THE SERVICE.

TO THE MAXIMUM EXTENT PERMITTED BY LAW, EKEDOS SHALL NOT BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, EXEMPLARY, OR PUNITIVE DAMAGES, INCLUDING LOSS OF PROFITS, REVENUE, BUSINESS, GOODWILL, DATA, OR ANTICIPATED SAVINGS.

[LIABILITY CAP TO BE REVIEWED AND DETERMINED BY EKEDOS' LEGAL COUNSEL.]

9. Termination

Either party may terminate the Service relationship in accordance with the applicable subscription terms or by providing reasonable notice.

EKEDOS may suspend or terminate your access immediately where reasonably necessary due to:

• Material breach of these Terms;
• Non-payment of applicable fees;
• Fraudulent, abusive, or unlawful use of the Service;
• Compromise of account or API security;
• A legal, regulatory, or governmental requirement; or
• A material threat to the security or integrity of the Service.

Upon termination, your right to access and use the Service will cease, except where continued access is required by law or expressly agreed between the parties.

EKEDOS may retain certain information after termination where required for legal compliance, security, fraud prevention, dispute resolution, accounting, audit, or other legitimate purposes.

10. Governing Law and Dispute Resolution

These Terms shall be governed by and construed in accordance with the laws of the Federal Republic of Nigeria, unless otherwise required by applicable law.

The parties shall first make reasonable efforts to resolve any dispute, controversy, or claim arising out of or relating to these Terms through good-faith negotiation.

If the dispute cannot be resolved through negotiation within [30] days, the dispute shall be referred to [mediation/arbitration/court of competent jurisdiction] in [insert jurisdiction].

Note: The dispute-resolution mechanism and jurisdiction should be reviewed and confirmed by EKEDOS' legal counsel before publication.

11. Contact

If you have questions, concerns, or enquiries regarding these Terms or the AML Shield Service, please contact EKEDOS LTD:

By creating an account, accessing the AML Shield dashboard, using an API key, or otherwise using the Service, you acknowledge that you have read, understood, and agreed to these Terms of Service.