Grey provides foreign virtual accounts to customers thus enables customers to receive and make payments subject to certain eligibility requirements which may depend on your occupation, country of residency or incorporation, applicable anti-money laundering regulations, Grey risk management policies or procedures and other factors used by us to determine such eligibility from time to time at our sole discretion.
To avoid fraud and money laundering activities we do not accept users with unknown sources of income or ambiguous lines of businesses/ occupations. Our users are encouraged to show reasons why they need a foreign virtual account. Grey reserves the right to refuse your virtual account application and Grey will only verify your application if on viewing your submitted documents and details we are satisfied that the nature of business being carried out by a user is such that he/she will be using a foreign virtual account for transactions.
Our platform is to be used in:
All activities under a Grey account shall be deemed as activities carried out by the registered user. You shall only use the services to transact on your own account and not on behalf of any other person or entity. You agree not to authorize any other person or entity to use your user name and password or mobile device to access the Services. You are solely responsible for the maintenance, confidentiality, and security of your username, password, and other User Information.
Grey would not be responsible for any losses arising out of the loss or theft of your User Information or your mobile device or from unauthorized or fraudulent transactions associated with your Grey Virtual Account. If you suspect or become aware of any unauthorized activity or access to your username, password, or mobile device, you must contact us immediately to restrict or block your account.
you may only open one Grey account unless we have agreed in writing, the opening of additional accounts. Grey may refuse the creation of duplicate accounts for the same user. Where duplicate accounts are detected, Grey may close or merge these duplicate accounts at its sole discretion.
You may use our platform only for lawful purposes. You may not use our platform:
Grey does not service transactions relating to the following Restricted Lines of Business including but not limited to:
Grey may pre-approve the use of its Services in connection with some of the above, following review and examination of circumstances thereof, and subject to its sole discretion. Acts, products or services which constitute a breach of applicable laws or regulations will not be supported under any circumstances.
December 19, 2022