INTRODUCTION 

Hi there! Welcome to UnicXchange we are glad to have you on board. UnicXchange is the fastest personalised digital assets trading platform in Nigeria, where anyone can trade securely and build wealth their own way - the right way. We are invested in you. That is why, we do not take lightly the concerns you have about your privacy and security when trading on our platform. The internet is largely a diverse community of people with strong online presence leaving footprints on every site they interact with through the information they give out, and while others have meaningful online presence, others look for loopholes to gain unauthorised access to classified and confidential personal information of internet users to perpetuate a host of cybercrimes like identity theft, fraud and cyberterrorism.    

OUR POLICY

The UnicXchange Privacy Policy explains how we collect, store, protect and make use of the information you provide, while interacting with our website, mobile app or any of our products (link). It most importantly explains the rights and the role you have working with us to keep you protected at all times. We advise  you to carefully read and understand every article of our privacy policy and Terms of Use (link). UnicXchange  will manage your information in this manner:

DATA COLLECTION, STORAGE, PROTECTION AND USE

UnicXchange collects or requires personal information for one sole purpose - to create a personalised trading experience. It is our legal obligation to legitimately obtain specific personal information with user consent. We are a customer-centric team that knows each customer differs. The information you provide helps us tailor both content and services that cater to your needs and interests, improving service quality.

This information is gotten but not limited to when users;

• Visit the UnicXchange website - “cookies” technology are used to track activities for record-keeping purposes 

• Fill forms and surveys

• Place orders with our mobile app

• Process a transaction with bank or card details

• Subscribe to receive email notifications for services, updates or newsletters

UnicXchange will request or obtain both offline and online personal or non-personal  information which include but are not limited to; name, phone number, contact address (location), email address, age, gender, bank or card details, BVN, usernames, passwords, digital footprints, photographs, browser name, computer model, type of operating system and other similar information as the case applies.

UnicXchange will store and protect your information, keeping your shared personal data secure for the period a  user has agreed and is compliant with the terms of use (link) of our products and services. We will handle your trust by safeguarding all confidential personal information from theft, misuse, alteration, unauthorised access, dissemination, destruction and any of such malicious attacks. UnicXchange will ensure the security of your information through password protection, Secure Sockets Layered (SSL), Industrial Encryption Algorithm, BVN Verification, AES, SH 521 Encrypted. Where these information are stored on a Cloud Based Storage system in an encrypted secure form and can not typically be accessed without permission.

We primarily collect your data to;

• Create and enhance personalised user experience

• Improve products

• Ensure smooth service operation

• Keep a clean and updated user database

• Process payments and transactions

• Uphold statutory legal requirements as stipulated by the NITDA

THIRD PARTY (PARTNERS)

UnicXchange is an independent platform that partners and collaborates with other agencies in providing products and services listed, and to better understand the use of our site by visitors or customers. Typically, third parties are bound by law to under no circumstance divulge or distort information we provide in the course of our partnership, but are strictly held accountable by law to use such information in its purest form to analyse data, trends, behaviours, financial or credit worthiness to ensure continuous safe and improved customer experience.

DATA PROTECTION RIGHTS

The Cybercrimes (Prohibition, Prevention Etc) Act 2015 provides a legal and regulatory framework that prohibits, prevents, detects, prosecutes and punishes cybercrimes in Nigeria. The Consumer Protection Framework of 2016  requires that financial institutions have appropriate data protection measures in place to prevent unauthorised access, disclosure, alteration, accidental loss or destruction of consumer data. Section 37 of the 1999 Nigerian Constitution (as amended) provides all Nigerian citizens with a fundamental right to privacy.

In keeping with all statutory requirements, UnicXchange recognises the following individual rights as stipulated by the Nigerian Data Protection Bureau (NDPB): 

• Right of access; you have the right to request for unrestricted access to your personal information

• Right to rectification; you have the right to request correction of data where errors are spotted in the information we have about you

• Right to be forgotten; you have the right to request that your personal information is deleted where it applies 

• Right to restrict processing; you have the right to restrict the use of your personal information where it applies

• Right to data portability; you have the right to request that we transmit your personal information to a third party with your consent where it applies

• You have the  right to track the progress on processing your data where it applies

POLICY SCOPE

The UnicXchange privacy policy is binding on all stakeholders of UnicXchange with whom we collect and share personal information for the singular purpose for which UniXchange exists. These groups include all employees, customers, partners, consultants, contractors and all third party agents during the time of collaboration.

POLICY UPDATE

This policy is subject to periodical reviews as UnicXchange expands the scope of products and services we provide. This privacy policy is also subject to change in line with statutory legal requirements in accordance with the provisions of the Nigerian Constitution and related laws as it applies to Individual Data Protection and Privacy Rights where necessary. Policy changes will be communicated to users via the website and appropriate means of communication. You are encouraged to check policy updates as it applies.  As it is your responsibility to review this page and check for modifications to the terms of our privacy policy, policy changes become binding on every user when effected. 

CONTACT US

You are welcome to notify us of observations, concerns and questions that you may have concerning the terms of our data collection and privacy protection policies. Please send your comments and queries to- 

Email: unicxchange@gmail.com

Phone: 09131577414

321 Road, House 19, B Close, Festac Town, Amuwo Odofin, Lagos.

ANTI-MONEY LAUNDERING POLICY

Money laundering is one of the major crimes facing the international financial system, posing a rising threat to countries and economies around the globe. This is primarily because it has no definite form or style and can go seemingly undetected for a long period of time. Technology, though has advanced the efficiency of financial transactions around the globe, has also had its share of influence on making this crime and its perpetrators almost invisible to the eyes of the law.

So what is Money laundering? This is the meticulous act of processing, concealing or disguising large amounts of illegal money across legal financial institutions or businesses. Often times these funds are termed to have ‘unknown origins’ oor referred to as ‘dirty money’ because they are proceeds (gains or profits) gotten from criminal activities such as human-trafficking, drug-trafficking, prostitution rings, weapons smuggling, emblezzlement due to corruption within political or corporate institutions; and are usually recieved in large sums that may raise ‘alarms’ of suspicious activities if transacted openly in legal financial institutions. Hence, why money launderers seek to spread such sums across countries, continents, legal businesses or shell companies for the sole purpose of avoiding detection. The digital space is no different with the development of digital financial assets and tenders.

UnicXchange therefore declares unwavering commitment to both support and enhance all efforts in the fight against money laundering by complying fully with all Anti-Money Laundering (AML) laws and policies in Nigeria, shouldering our responsibility and role against this global vice by integrating all applicable and updated Bank Secrecy Act (BSA) regulations, Financial Industry Regulatory Authority (FINRA) rules, AML and Combating Financing of Terrorism (CFT) laws in our Internal Control policies and procedures. We will ensure strict monitoring of transactions across the UnicXchange platform to apprehend suspicious activities and take appropriate action to  prevent individuals involved in fraudulent and criminal activities from accessing and utilising our products. UnicXchange adopts a risk-based approach in implementing Know Your Customer (KYC) procedures. This includes conducting a Customer Due Diligence (CDD) for individuals who use our products, as well as transactions. Customers are required to provide certain personal information when opening an account on the UnicXchange platform, customers may also be required to generate One–Time-Passwords (OTPs), tokens or PIN when processing withdrawal requests, according to the nature and extent of the customer’s deposit and withdrawal limits. 

UnicXchange will at all times comply with all Securities and Exchange Commmison (SEC) Anti-Money Laundering and Combating Financiing of Terrorism rules and regulations by diligently identifying, filing and submitting accurate reports as specified therein.