PLEASE NOTE, THE SERVICES (AS DEFINED BELOW) PROVIDED BY GBO SHALL BE SUBJECT TO AND PURSUANT TO SUCH DEFINITE DOCUMENTS AS SHALL FROM TIME TO TIME BE EXECUTED BY AND BETWEEN GBO AND YOU AND BY THE RELEVANT BANK AND/OR AUTHORITY AND YOU.
GBO IS NOT A REPRESENTATIVE, AGENT OR SUBSIDIARY OF ANY BANK OR OTHER FINANCIAL INSITUTE. GBO CANNOT, AND WILL NOT, COMMIT AND UNDERTAKE THAT THE BANKS WITH WHOM WE WORK, AS PART OF THE SERVICES PROVIDED BY US, WILL ACCEPT AND APPROVE YOU AS THEIR CLIENT AND SUBSEQUENTLY OPEN A BANK ACCOUNT IN YOUR NAME OR ON YOUR BEHALF.
- Acceptance of Terms
GBO provides the Services (as defined herein) to You, subject to the following terms of service (hereinafter: “TOS”) which may be updated by Us from time to time without notice to You. It is important for You to refer to these TOS from time to time to make sure that You are aware of any additions, revisions, or modifications that We may have made to these TOS. You can review the most current version of the TOS at any time at: https://www.gbo-intl.com/uncategorized/terms-of-service. Your use of the Services constitutes Your acceptance of the TOS.
Nothing in these TOS shall be deemed to confer any third-party rights or benefits. If You do not agree to be bound by these TOS, You may not use the GBO Services. In these TOS all references to “You” or “User” shall mean the user using the Service (as defined below).
- Service Description
GBO is an internet-based platform providing its Users with the following services: (1) general information regarding services available to Users; (2) professional assistance in the process of incorporating companies in various jurisdictions around the world; (3) professional assistance and guidance to companies and individuals in the process of opening a bank account in various jurisdictions; and, (4) provision of marketplace for Users to access services from third parties (hereinafter: the “Services”). Unless explicitly stated otherwise, any new services that replace or enhance the current Services, shall be subject to these TOS. GBO may change, suspend or discontinue any aspect of the Services at any time and/or impose limits on certain aspects and services or restrict access to parts of or to all of the Services, without notice or liability to You. You agree that these TOS are personal to You and that You may not resell, lease, license, assign or redistribute the Services, in whole or in part, to any third party. GBO may also offer other services from time to time, which are governed by different terms of services.
Registration may be required for the use of the Services. Your registration shall not impose any duty on Us to provide any particular service to You.
In order to register to use the Services, You may be requested to give Us Your contact information, demographic information and additional information as found suitable according to Our sole discretion. Your contact information is mainly used to contact You if necessary.
- Use of Electronic Signatures and Records
GBO provides access to its Services online which may require You to enter into agreements or receive notices electronically. Accordingly, You acknowledge and agree that by clicking “I Agree” or “I Accept” anywhere on the Website or by otherwise agreeing to the terms and conditions set forth in any agreement posted on the Website:
- You agree to conduct electronically the particular transaction into which You thereby enter including, without limitation, entering into this Agreement;
- You have read and understand the electronic copy of electronic contracts, notices and records, including, without limitation, this Agreement, the Policies and any amendments hereto or thereto;
- You agree to, and intend to be bound by, the terms of the particular transaction into which You thereby enter;
- You are capable of printing or storing a copy of electronic records of transactions into which You enter including, without limitation, this Agreement and any amendments hereto; and
- You agree to receive electronically information about the Services and other electronic records into which You thereby enter including, without limitation, this Agreement.
If You wish to withdraw this consent, please contact Us at [email protected] in which case GBO shall have the right to terminate Your use of the Services.
- Representations and Warranties of Users
You hereby warrant and represent the following:
- No consent, approval, order, license, permit, action by, and/or authorization of and/or designation, declaration, from any person and/or entity on Your behalf, is required, that has not been, or will not have been, obtained by You prior to Your use of the Services;
- The use of the Services is based upon Your own investigation, analysis and/or experience;
- You have such knowledge and experience in financial and business matters as to be able to evaluate the merits and risks of the Services. Your decision to use the Services was taken independently by You and You confirm that You did not rely on any representations, warranties, advice, opinion or any other information (verbally or in writing) from GBO and/or its respective officers, directors, employees and shareholders relating to the Services;
- Due to the nature of the Services, You shall at all times act in accordance with the applicable law in any relevant jurisdiction and shall diligently comply with regulatory procedures, including, without limitation, banking regulations and financial services;
- You will not make copies, modify, reproduce, republish, post, transmit, distribute or alter all or any part of the Services or any materials contained in it or engage in any activity constituting a violation of intellectual property rights;
- You will not use the Services for the purpose of money laundering, terrorist activities, receiving the proceeds of drug trafficking, trading in arms, trading with countries subject to embargo authorized by the Security Council of the United Nations and any other purpose which is illegal under the law of the place of the opening of the bank account.
- You have never been convicted of any criminal offence or a subject of an investigation by a governmental, professional or other regulatory or statutory body for involvement in money laundering, fraud, membership of a terrorist organization, or terrorist financing.
- Know Your Customer (KYC) Policy
GBO does not tolerate fraud and takes all measures to prevent it via the KYC Policy, which includes taking such precautions such as identifying users by requiring the submission of identifying information and securing any sensitive date collected from users. Within the framework of this policy, You may be asked to provide proof of identity, including (but not limited to) the following documentation: (a) copy of valid driver’s license; (b) copy of valid passport; (c) copy of credit cards used to make deposits (either the front side of the card, with only the first four digits visible, or the back of the card with the CVV code hidden); (d) a copy of a recent utility bill under your name and address; (e) a signed purchase history of Your online transactions. In the event that one of the above documents is rejected by Us, You will be required to provide an alternate document from the above list (excluding the rejected documentation).
- Anti-Money Laundering (AML) Policy
Our AML Policy was formulated to meet the requirements of UK legal requirements regarding the prevention of potential user attempts to commit financial crimes, including but not limited to funding of terrorist operations and money laundering (“Financial Crimes”) via the Services. In accordance with this policy We have instituted the following preventative measures: (a) the appointment of a qualified money-laundering reporting officer who shall be responsible for overseeing compliance with applicable legislation and regulations; (b) initiation of GBO risk-management plan for the prevention and/or minimization of risks to GBO due to potential Financial Crimes; (c) initiation of customer due diligence policies and/or KYC policies which include monitoring user activities (especially regarding users determined to be high-risk); and, (d) establishment of employee training programs as well as internal and external reporting procedures regarding suspicious user activity.
- Compliance with Sanctions List
GBO does not offer services to individuals, companies and/or companies which are found on any sanctions lists of the United Nations, European Union, UK Treasury and US Office of Foreign Assets Control in the jurisdictions in which GBO operates.
- Data Collection
- Copyright; Trademark
All materials contained in the Services are protected by copyright and are owned and controlled by GBO and/or its affiliates. You agree to abide by any and all additional copyright notices, information, or restrictions contained in any part of the Services. Copying or storing any part of the Services is expressly prohibited without prior written permission from GBO.
GBO and other service marks, trademarks and logos displayed on the Services (hereinafter: the “GBO Trademarks”) are the property of GBO Limited or its licensors. You agree not to display or use the GBO Trademarks in any manner.
Permission to use materials from the Services (hereinafter: the “Materials”) is granted provided that: (a) The copyright notice appears in all copies; (b) Use of such Materials is for personal and non-commercial use only and will not be shared, copied or posted on any network computer or broadcasted in any media; and (c) No modifications of the Materials are made.
- Copyright Infringement (Compliance with the Digital Millennium Copyright Act)
In the event that You are a copyright owner or an agent of such a copyright owner, and believe that any content on gbofintech.com infringes upon Your copyright, You are welcome to submit a notification pursuant to the Digital Millennium Copyright Act and provide Us with the following information in writing (see 17 U.S.C 512(c)(3) for additional information):
- Identification of the copyrighted work claimed to have been infringed, or, if multiple copyrighted works at a single online site are covered by a single notification, a representative list of such works at that site;
- Identification of the allegedly infringing material or which is allegedly the subject of infringing activity, and which is to be removed, or access to which is to be disabled, as well as information reasonably sufficient to locate the material;
- Information reasonably sufficient to permit us to contact You, such as an address, telephone number, and, if available, an email address at which the complaining party may be contacted;
- The following statement: “I have a good faith belief that use of the material in the manner complained of is not authorized by the copyright owner, its agent, or the law”;
- The following statement: “I swear, under penalty of perjury, that the information in the notification is accurate, and that I am the copyright owner or am authorized to act on behalf of the owner of an exclusive right that is allegedly infringed”; and
- A physical or electronic signature of the owner or a person authorized to act on behalf of the owner of an exclusive right that is allegedly infringed.
GBO’s designated copyright agent to receive notifications of claimed infringement can be contacted at: [email protected] A notice that fails to comply with the terms mentioned above may not be valid.
Please be advised that You may be liable for damages (including attorneys’ fees and other expenses) if You materially misrepresent or claim that information posted on Our website is infringing Your copyrights. Therefore, if You are uncertain whether certain materials infringe Your copyrights, We recommend that You first obtain qualified legal advice.
For the avoidance of any doubt, the User hereby undertakes not to display in public and/or for non-personal use any copyrighted materials of which the User is not the owner.
- Service Content and Information
The Services contains information, advice, text, materials, pictures, video and other goods and services (collectively, the “Materials”) that are provided for Your convenience only. You should be aware that the Materials may contain errors, omissions, inaccuracies, outdated information, and inadequacies. We make no representations or warranties as to the completeness, accuracy, adequacy, currency or reliability of any Materials and will not be liable for any lack of the foregoing.
The data and/or the information contained in the Website is, part or all, originated from third parties, including various websites on which GBO has no control or ability to supervise, and is provided to You “AS-IS” for Your comfort and personal use only. Please be advised that such data and/or information may be changed and/or modified, and such changed and/or modifications may not be found in the Website.
You may not rely solely on the data and/or information and/or Materials that is provided by GBO on the Website but shall conduct Your own research and authentication regarding the correctness of any of the Materials, data and information appearing on the Website.
The content provided by GBO with regard to the Services is by no means, now, or shall be in the future, regarded an offer and/or general, financial, investment, legal and/or tax counseling and may not be regarded a recommendation and/or opinion and/or a substitute to Your own personal discretion.
Please be advised, that often, the information located on Our website is opinion and not fact. We are glad to receive any comments You have with respect to the information posted on Our website to: [email protected] It is Your responsibility to independently verify any information which You intend to rely upon, and We expressly disclaim any responsibility with respect thereto. If You are aware of any information on Our website which is factually inaccurate, hurtful or illegal, We urge you to inform Us so that We may act immediately to correct this.
Third party advertisers and/or service providers may offer goods, services and other materials to You on the Services, via the marketplace and/or via ads and/or links to other sites. Your correspondence and business dealings with advertisers and/or other third parties found on or through the Services including, but not limited to, the payment and delivery of goods and services, and any terms, conditions, warranties and representations associated with such dealings, are solely between You and the advertiser and/or third party. You acknowledge and agree that We will not be responsible or liable for any loss or damage of any sort incurred as the result of any such dealings or the offering of such goods, services, and other Materials on the Services and that You shall be fully responsible for such loss or damage.
Descriptions of, or references to, products or publications within the Services do not imply endorsement of that product or publication.
We do not represent or warrant that every action You take with regard to Your activities on the Services will be lawful in any particular jurisdiction. It is incumbent upon You to know the laws that pertain to You in your jurisdiction and act lawfully at all times when using the Services.
The Services may contain hyperlinks to other World Wide Web sites which are not included as part of the Services (hereinafter “Other Site(s)”). If You use the hyperlinks to access these Other Sites, You will leave the Services and Your browser will be re-directed to the Other Sites. GBO may not have reviewed the content of any Other Site, and, whether it has reviewed the content of any Other Site or not, does not warrant or make any representation regarding any Other Site’s accuracy or authenticity. The hyperlinks to any Other Site do not constitute an endorsement by GBO of any Other Site or resources, or their content. GBO is only providing these links to You as a convenience, and the inclusion of any link does not imply endorsement by GBO of the Other Site.
Notwithstanding anything to the contrary contained in these TOS, We reserve the right to deny permission to link to the Services from any Website for any reason in Our sole and absolute discretion.
- Disclaimer of Warranties
THE SERVICES, INCLUDING ALL CONTENT, SOFTWARE, DOCUMENTS, FUNCTIONS, MATERIALS, PICTURES, VIDEO, GRAPHICS, DATA AND INFORMATION MADE AVAILABLE ON OR ACCESSED THROUGH OR SENT FROM THE SERVICE, ARE PROVIDED “AS IS”. TO THE FULLEST EXTENT PERMISSIBLE BY LAW, GBO MAKES NO REPRESENTATION OR WARRANTIES OR ENDORSEMENTS OF ANY KIND WHATSOEVER ABOUT: (A) THE CONTENT ON AND PROVIDED THROUGH THE SERVICES; (B) THE MATERIALS, INFORMATION AND FUNCTIONS MADE ACCESSIBLE BY THE WEBSITE USED ON OR ACCESSED THROUGH THE SERVICES; (C) THE MATERIALS, MESSAGES AND INFORMATION SENT FROM THE SERVICES BY USERS; (D) ANY PRODUCTS OR SERVICES OFFERED BY THIRD PARTIES OR HYPERTEXT LINKS TO THIRD PARTIES; AND/OR (E) ANY BREACH OF SECURITY ASSOCIATED WITH THE TRANSMISSION OF SENSITIVE INFORMATION THROUGH THE SERVICES OR ANY LINKED SITE. GBO DOES NOT WARRANT THAT THE FUNCTIONS CONTAINED IN THE SERVICES OR ANY MATERIALS OR CONTENT CONTAINED THEREIN WILL BE UNINTERRUPTED OR ERROR-FREE; THAT DEFECTS WILL BE CORRECTED; OR THAT THE SERVICES OR THE SERVERS THAT MAKES IT AVAILABLE ARE FREE OF VIRUSES OR OTHER HARMFUL COMPONENTS.
GBO DOES NOT WARRANT THAT YOUR ACTIVITIES OR USE OF THE SERVICES IS LAWFUL IN ANY PARTICULAR JURISDICTION AND, IN ANY EVENT, SPECIFICALLY DISCLAIM SUCH WARRANTIES. YOU UNDERSTAND THAT BY USING ANY OF THE ASPECTS OF THE SERVICES, YOU ACT AT YOUR OWN RISK, AND YOU REPRESENT AND WARRANT THAT YOUR ACTIVITIES ARE LAWFUL IN EVERY JURISDICTION WHERE YOU ACCESS OR USE THE SERVICES. FURTHER, GBO DISCLAIMS ANY EXPRESS OR IMPLIED WARRANTIES INCLUDING, WITHOUT LIMITATION, NON-INFRINGEMENT, MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE AND NON-INFRINGEMENT.
GBO SHALL NOT BE LIABLE FOR THE USE OF THE SERVICES INCLUDING, WITHOUT LIMITATION, THE CONTENT AND ANY ERRORS CONTAINED THEREIN. SOME JURISDICTIONS LIMIT OR DO NOT ALLOW THE DISCLAIMER OF IMPLIED OR OTHER WARRANTIES SO THE ABOVE DISCLAIMER MAY NOT APPLY TO THE EXTENT SUCH JURISDICTION’S LAW IS APPLICABLE TO THIS AGREEMENT.
- Limitation of Liability
UNDER NO CIRCUMSTANCES SHALL GBO BE LIABLE FOR ANY SPECIAL, INDIRECT, OR CONSEQUENTIAL DAMAGES THAT ARE DIRECTLY OR INDIRECTLY RELATED TO THE USE OF, OR THE INABILITY TO USE, OR THE PERFORMANCE OF, THE SERVICES, EVEN IF FORESEEABLE OR GBO HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES WHETHER IN AN ACTION OF CONTRACT, NEGLIGENCE OR OTHER TORTIOUS ACTION.
WITHOUT DEROGATING FROM THE ABOVE, IN NO EVENT SHALL GBO’S TOTAL AGGREGATE LIABILITY TO A USER, ARISING OUT OF OR RELATING TO THIS AGREEMENT, SHALL EXCEED THE AMOUNT PAID BY THE USER TO GBO.
You agree to defend, indemnify and hold GBO harmless with respect to any and all costs, claims, demands, investigations, liabilities, losses, damages, judgments, settlements, costs and expenses, including attorneys’ fees arising out of or in connection with these TOS, including, without limitation, Your use of the Services. Specifically, without derogating from the generality of the foregoing, You agree to defend, indemnify and hold GBO harmless against any loss or damage arising from Your unauthorized and/or unlawful use of the Services and from all actions, proceedings, claims, demands, costs (including legal costs), awards and damages howsoever arising, directly or indirectly as a result of any breach or non-performance by You of any of Your obligations under these TOS.
Notwithstanding the foregoing, GBO retains the exclusive right to settle, compromise and pay any and all claims, demands, proceedings, suits, actions or causes of actions which are brought against GBO herein under the terms and provisions of this Section 16 and in no event shall You settle any such claim without GBO’s prior written approval.
- Governing Law
THIS AGREEMENT AND THE INTERPRETATION OF ITS TERMS SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF ISRAEL, WITHOUT REGARD TO ITS CONFLICTS OF LAWS RULES. THE COURTS OF TEL AVIV, ISRAEL SHALL HAVE SOLE AND EXCLUSIVE JURISDICTION OVER ANY DISPUTE BETWEEN THE PARTIES HERETO.
These TOS contains the sole and entire agreement between the parties with respect to the use of the Services and supersedes any and all other prior written or oral agreements between them. Captions contained in this TOS are inserted only as a matter of convenience or for reference and in no way define, limit, extend, or describe the scope of these TOS or the intent of any provision of these TOS. It is the intent of the parties that neither these TOS, nor any covenant in these TOS, shall be construed against either party pursuant to the common law rule of construction against the drafter. It is the intent of the parties that said rule not be applicable to these TOS. If any provision of these TOS shall be held invalid or unenforceable by any court of competent jurisdiction or as a result of future legislative action, such holding or action shall be strictly construed and shall not affect the validity or effect of any other provision of these TOS.
Last Updated: June 2018
Changes to this Policy
If You have any questions, comments, or requests regarding this Policy or the information practices of GBO, please contact Us by e-mail at [email protected]