Welcome to the Legal Information page of BUBURUZA BANK. Here, we provide a detailed overview of the legal framework governing our operations, services, and your relationship with us. Our commitment to transparency, compliance, and client protection ensures you can engage with us confidently, knowing we adhere to international standards and best practices. Please review the details below to understand your rights, obligations, and our operational standards.

Licensing & Registration

BUBURUZA BANK operates as a digital private bank, trust institution, and investment bank, holding an International Banking License (Class B) number L15989/BBL and company registration number 15989 from the Union of Comoros Offshore Finance Authority. This license permits us to conduct banking operations exclusively outside the Union of Comoros, ensuring compliance with jurisdictional requirements.

• Jurisdictional Note: BUBURUZA BANK does not hold banking licenses in jurisdictions other than the Union of Comoros. It is your responsibility to ensure that using our services complies with the laws of your jurisdiction.

Compliance with International Regulations

We are committed to adhering to international regulations and standards to ensure a secure and compliant financial environment:

• FATF Standards: We follow Financial Action Task Force (FATF) recommendations for anti-money laundering (AML) and counter-terrorism financing (CTF), implementing robust KYC (Know Your Customer) and transaction monitoring processes.
• Basel III Principles: We align with Basel III guidelines for capital adequacy and financial stability, maintaining reserves to support our operations.
• GDPR & CCPA: While our trust operations are governed by applicable laws, we strive to adhere to GDPR (for EU clients) and CCPA (for non-EU/non-Western clients) principles where feasible, ensuring data protection and privacy.
• Client Responsibility: You are responsible for ensuring compliance with your local laws, including banking, tax, and securities regulations, as outlined in our Master Legal Agreement.

Governing Law

Our operations and agreements are governed by the laws applicable to our trust structure, as specified in our legal documents:

• Jurisdiction: Disputes are subject to binding arbitration in Jersey, as per Section 10 of the Master Legal Agreement, ensuring a neutral and fair resolution process.
• Client Obligations: Local laws in your jurisdiction may apply to your use of our services, and it’s your responsibility to comply with them.

Master Legal Agreement

The BUBURUZA BANK Master Legal Agreement governs all services and interactions with our platform. Key highlights include:

• Acceptance: By using our services, you agree to the terms without the need for physical signatures, enforceable as per Section 1.2 of the Agreement.
• Services Covered: Includes trust accounts, stablecoins (sAED, sCNY), loans, wealth management, and more, as detailed in Section 6.
• Dispute Resolution: Any disputes will be resolved through binding arbitration in Jersey, conducted in English by a single arbitrator (Section 10).
• Limitation of Liability: BUBURUZA BANK is not liable for losses due to market risks, third-party actions, or system failures, except in cases of willful misconduct, gross negligence, or fraud proven by a final court judgment (Section 9).

Confidentiality

We are committed to protecting the confidentiality of your information:

• Data Protection: All client data, including KYC information and transaction details, is treated as confidential and protected with AES-256 encryption, SSL/TLS, and biometric authentication.
• Non-Disclosure: We do not disclose your information to third parties except as required by law, for AML/CTF compliance (e.g., to authorities), or with your consent (e.g., for third-party KYC providers).
• Exceptions: Information may be shared if legally mandated, to comply with FATF or other regulations, or to trusted partners bound by confidentiality obligations at least as strict as ours.
• Duration: Confidentiality obligations survive the termination of your relationship with us, as per Section 6.17 of the Master Legal Agreement.

Privacy Policy

Your privacy is a priority. Our Privacy Notice outlines how we collect, use, and protect your data:

• Data Collection: We collect KYC information (e.g., biometric data) for compliance, processed securely via AI and third-party providers.
• Usage: Data supports transaction monitoring, fraud detection, and service personalization, aligned with international standards.
• Protection: We implement AES-256 encryption, SSL/TLS, and biometric authentication to safeguard your information.

Anti-Money Laundering (AML) & Counter-Terrorism Financing (CTF)

We maintain a robust AML/CTF program:

• KYC Verification: Biometric KYC (e.g., facial recognition) at signup ensures client identity verification.
• Transaction Monitoring: AI analyzes transactions in real time, flagging suspicious activity for review, adhering to FATF standards.
• Sanctions Compliance: We screen against sanctions lists (e.g., UN, EU) to prevent illicit activities, ensuring compliance with global regulations.

Spam Policy

We are committed to maintaining a spam-free environment:

• No Unsolicited Communications: We do not send unsolicited marketing emails or messages. All communications (e.g., transaction confirmations, updates) are related to your account or services you’ve opted into.
• Opt-Out Options: You can opt out of non-essential communications (e.g., promotional emails) via your account settings or by contacting support@buburuza.io.
• Client Responsibility: You agree not to use our platform to send spam or engage in unsolicited communications, as per our Acceptable Use Policy (Section 6.11 of the Master Legal Agreement).

Requests for Information

We handle requests for information in accordance with legal and regulatory requirements:

• Client Requests: You may request access to your personal data or transaction history via support@buburuza.io, subject to verification and applicable laws.
• Regulatory Requests: We comply with lawful requests from authorities (e.g., for AML/CTF investigations), sharing only the minimum necessary data while maintaining confidentiality where possible.
• Process: Requests are processed within a reasonable timeframe, typically within 30 days, unless otherwise required by law.

Cookie Policy

We use cookies to enhance your experience on our platform:

• Purpose: Cookies help with functionality (e.g., session management), analytics (e.g., usage patterns), and fraud prevention (e.g., detecting suspicious activity).
• Types: We use essential cookies (required for site operation), performance cookies (for analytics), and functional cookies (for user preferences).
• Consent: By using our site, you consent to essential cookies. Non-essential cookies require your explicit consent, which you can manage via browser settings or by contacting us.
• Opt-Out: You can disable cookies through your browser, but this may impact site functionality.

Risk Disclosure

Using our services involves risks, as outlined in our Risk Disclosure Statement:

• Digital Asset Risks: Stablecoins (sAED, sCNY) and tokens (BUBURUZA Token) may face volatility, smart contract vulnerabilities, or regulatory changes.
• Operational Risks: System failures, third-party actions, or cyberattacks may impact service availability, though mitigated by AI, blockchain safeguards, and multi-tier custody.
• Client Responsibility: You acknowledge these risks and are responsible for assessing them in your jurisdiction.

Client Responsibilities

As a client, you agree to:

• Compliance: Ensure your use of our services complies with your local laws (e.g., tax, securities regulations).
• Accuracy: Provide accurate KYC information and update it as needed for compliance purposes.
• Risk Awareness: Understand and accept the risks associated with digital assets, as outlined in our agreements.

Dispute Resolution

Disputes are handled fairly and efficiently:

• Arbitration: As per Section 10 of the Master Legal Agreement, disputes will be resolved through binding arbitration in Jersey, conducted in English by a single arbitrator.
• No Class Actions: You agree to individual arbitration, waiving rights to collective proceedings.
• Costs: The losing party bears arbitration costs unless otherwise determined by the arbitrator.

Contact Us

For legal inquiries or support:

• Email: support@buburuza.io
• Telegram: Join our official Telegram channel for assistance.
• Response Time: We aim to respond within 24 hours, subject to operational capacity.

Commitment to Compliance

BUBURUZA BANK is dedicated to maintaining a compliant and transparent operation. Our adherence to FATF, Basel III, and other international standards ensures we operate responsibly, while our audited reserves and share details (as per our roadmap) provide clarity once rolled out. For more details, explore our Transparency page or review the full legal documents linked above.