Terms & Conditions

1. Introduction

These Terms and Conditions ("Terms") govern your use of the Klarity platform ("Platform"), a software-as-a-service (SaaS) solution for Know Your Customer (KYC), Anti-Money Laundering (AML), Countering the Financing of Terrorism (CFT), and Anti–Proliferation Financing (Anti-PF) compliance. By accessing or using the Platform, you ("Customer," "Client," or "User") agree to be bound by these Terms. If you do not agree, you may not use the Platform.

2. Definitions

"Services" – the identity verification, transaction monitoring, screening, and compliance tools provided via the Platform.

"Customer Data" – information submitted by the Customer, including personal data of end-users subject to verification.

"Applicable Law" – laws, regulations, and guidelines relating to AML, CFT, sanctions, data protection, and related compliance obligations.

"Third-Party Providers" – external vendors or data sources used by the Platform to provide verification or screening results.

3. Scope of Services

Klarity provides tools to assist Customers in meeting AML/CFT/Anti-PF obligations.

The Platform supports but does not replace the Customer's independent compliance obligations.

Verification and screening results are based on third-party data sources and are provided on an "as-is" basis without guarantee of accuracy.

Customers remain fully responsible for final compliance decisions and regulatory reporting.

4. Eligibility

Customers must be legal entities authorized to conduct business in their jurisdiction.

Use of the Platform is prohibited where it would violate sanctions, export controls, or other Applicable Laws.

5. Customer Obligations

Ensure lawful collection, transfer, and use of Customer Data.

Obtain all necessary consents from individuals whose data is submitted for verification.

Use the Platform only for legitimate compliance purposes (not for discriminatory, unlawful, or non-business use).

Maintain policies, controls, and oversight to meet their AML/CFT obligations independently.

6. Data Protection & Privacy

Klarity processes personal data as a data processor (or sub-processor, as applicable) under Applicable Law.

A separate Data Processing Agreement (DPA) governs personal data handling.

Klarity implements technical and organizational measures to protect data.

Customers must not submit sensitive or unnecessary data beyond what is required for compliance purposes.

7. Intellectual Property

All rights in the Platform, including software, databases, trademarks, and algorithms, remain the property of Klarity or its licensors.

Customers are granted a limited, non-exclusive, non-transferable right to use the Platform for the subscription term.

Customers may not copy, reverse engineer, or exploit the Platform beyond permitted use.

8. Payment & Wallet

Customers must pre-fund a wallet account maintained on the Klarity Platform before accessing chargeable Services.

Each Service (such as identity verification, sanctions screening, or transaction monitoring) is charged at a fixed price as displayed on the Platform.

The applicable fee will be deducted from the Customer's wallet balance on a per-use basis at the time of the transaction.

Wallet balances are non-transferable and non-refundable, except where required by Nigerian law or where Services are proven unavailable due to a fault attributable to Klarity.

The Customer is solely responsible for maintaining a sufficient balance in its wallet to access Services. Where the wallet balance is insufficient, access to Services will be restricted until additional funds are loaded.

9. Warranties & Disclaimers

Klarity will provide the Services with reasonable skill and care.

The Platform is provided "as is" and "as available" without warranties of uninterrupted availability, accuracy, or fitness for a specific regulatory purpose.

Klarity does not guarantee that use of the Platform will ensure regulatory compliance.

10. Limitation of Liability

To the maximum extent permitted by law:

Klarity is not liable for indirect, consequential, or punitive damages.

Total liability shall not exceed the fees paid by the Customer in the twelve (12) months preceding the claim.

Nothing in these Terms excludes liability for fraud, gross negligence, or where prohibited by law.

11. Indemnification

The Customer agrees to indemnify and hold harmless Klarity, its affiliates, and personnel against claims, damages, or regulatory penalties arising from:

Improper or unlawful use of the Platform;

Breach of these Terms;

Failure to meet the Customer's own compliance obligations.

12. Term & Termination

These Terms remain in effect until terminated.

Either party may terminate for convenience with 30 days' notice or immediately for material breach.

Upon termination, Customer access to the Platform ceases, but certain obligations (e.g., confidentiality, indemnity, limitation of liability) survive.

13. Confidentiality

Each party agrees to maintain confidentiality of non-public information.

Exceptions apply for disclosures required by law or regulators.

14. Regulatory & Legal Compliance

The Customer acknowledges sole responsibility for compliance with AML/CFT/Anti-PF regulations.

Klarity may suspend or terminate services if continued use would violate Applicable Law or subject Klarity to regulatory risk.

15. Governing Law & Jurisdiction

These Terms shall be governed by and construed in accordance with the laws of the Federal Republic of Nigeria. Any disputes arising out of or in connection with these Terms shall be subject to the exclusive jurisdiction of the courts of Nigeria.

16. Changes to Terms

Klarity may update these Terms from time to time.

Continued use of the Platform after changes constitutes acceptance of the updated Terms.

17. Contact Information

For questions regarding these Terms, please contact: