Terms of Service
THE SERVICES (AS DEFINED BELOW), PROVIDED BY GBO, SHALL BE SUBJECT TO AND PURSUANT TO SUCH DEFINITE DOCUMENTS AS SHALL BE EXECUTED FROM TIME TO TIME BETWEEN GBO AND YOU, AND THE RELEVANT BANK, FINANCIAL ENTITY AND/OR AUTHORITY, AND YOU.
GBO DOES NOT REPRESENTATIVE, AGENT OR SUBSIDIARY OF ANY BANK OR OTHER FINANCIAL INSTITUTION IN ANY CAPACITY. WE CANNOT, AND WILL NOT, COMMIT AND UNDERTAKE THAT THE BANKS WE WORK WITH AS PART OF OUR SERVICES, 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 below mentioned Terms of Service (hereinafter: “TOS”). The TOS may be updated from time to time by Us without any prior intimation or notice to You. You are advised to read the content of our TOS regularly to keep yourself aware and informed of any additions, modifications or deletions that We may have made to the TOS. You can review the most current version of our TOS at any time at https://www.gbo-intl.com/uncategorized/terms-of-service. Your use of Our Services constitutes your acceptance of our TOS. Nothing in these TOS shall be deemed to confer any rights or benefits whatsoever to any third party. If you do not agree to these TOS, you may not use GBO Services. All references to “You” and “User” in these TOS shall mean that the user using GBO Services as defined below.
- Description of Services
The internet-based platform GBO provides the Users with the following Services.
(1) General information regarding GBO Services that are available to the users.
(2) Professional assistance in the matters related to the incorporation of companies under various jurisdictions all over the world
(3) Assistance and guidance to companies and individuals for opening a bank account in various jurisdictions
(4) Provision of marketplace for Users to access services from third parties (hereinafter: the “Services”).
Unless explicitly stated otherwise, any of our new Services that replace or enhance our existing Services, shall be subjected to these TOS. GBO reserves all rights to suspend, change, or discontinue any part of the Services at any time and/or impose limits on certain aspects of the Services, or restrict access to the parts of or to all Services, without any liability, notice or intimation to You. By using GBO, you agree that these TOS are personal to You, and that You are not permitted to resell, lease, license, assign or redistribute these Services, or part thereof, in any way, to a third party. GBO may also offer other Services from time to time, which are governed by different Terms of Services that you need to keep yourself apprised of.
- Know Your Customer (KYC) Policy
GBO takes all feasible measures under its control to prevent fraud via the KYC Policy. For this, We take precautionary measures such as identifying users and securing any sensitive data of the users. You may be required to provide proof of identity, including but not limited to the following:
- Copy of identification documents such as driver’s license or passport.
- Copy of the credit card with only last 04 digits visible and CVV code hidden, or recent transactions.
- Copy of the recent utility bills.
- A signed purchase history of Your online transactions.
- In case any of the above documents are not accepted by Us for some reason, You will have to provide us with an alternative document.
- Use of Electronic Signatures and Records
To gain access to our various online Services, You may be required to enter into agreement or receive notices electronically. These agreements are acknowledged by You whenever You click on “I Agree” or “I Accept” anywhere on the Website, or otherwise agree to our Terms and Conditions set forth in any agreement posted on our Website.
You agree to conduct electronic transaction which you thereby enter, including without any limitation, entering into this Agreement.
You have read and understood the content of any electronic contracts, notices and records, including without limitation, this Agreement, the Policies, and any amendments hereto and thereto.
Everytime You enter into a transaction using GBO, You agree to and intend to be bound by our Terms and Services.
You are capable of storing or securing a printed copy of any electronic records or transactions which You perform, including, without limitation, this Agreement, and any amendments hereto.
You agree to receive electronic information about our Services and other records that you enter to use such information for perform transaction, including, without limitation, this Agreement.
In case You would want to withdraw this consent, please intimate Us about it at [email protected]. GBO will have the right to terminate Your use of our Services.
- Representations and Warranties of Users
You hereby warrant and represent the following:
No consent, permission, action, approval or order, 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 Services.
The use of Services is based upon your own due diligence, investigation and analysis.
You shall at all-time act in accordance with the applicable law in any jurisdiction, and shall diligently comply with the regulatory procedures in force, including, without limitations, financial services, and banking regulations.
You are not permitted to make copies, modify, reproduce, post, transmit, distribute, or alter any or whole part of the Services, or any materials contained in it, or engage in any activity that results in the violation of intellectual property rights.
You will not use the Services for any illegal or illicit transactions and activities such as money laundering, terrorist activities, arms trading, drug trafficking, or trading with countries that are subject to embargo authorized by the Security Council of the United Nations (UNSC), and any other purpose which is illegal under the law of the land of the opening bank’s jurisdiction.
You have never been convicted of any criminal offence, or a subject of an investigation by the regulatory or statutory body for involvement in illegal and illicit activities such as fraud, terrorist funding, and money laundering.
- Data Collection
- Anti-Money Laundering (AML) Policy
GBO’s AML Policy is formulated to meet the requirements of UK’s legal system to provide the possibilities of financial crimes, including but not limited to, terrorist operations and money laundering (“Financial Crimes”). To implement its AML policy, GBO has put the below preventive measures in place:
The appointment of a qualified money-laundering reporting officer to oversee and ensure compliance.
Initiation of GBO risk-management plan for the prevention and/or minimization of the risks of Financial Crimes to GBO.
Initiation of customer due diligence or KYC policy that includes the monitoring of user activities.
Establishing employee training programs, and internal and external reporting procedures related to any suspicious user activity.
- Copyright: Trademark
All material related to Services is protected by copyright and owned by the controller of GBO and/or its affiliates. You agree to abide by and all additional copyright notices or restrictions contained in any part of the Services. Copying or storing any part of the Services is expressly prohibited unless You obtain a 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 use GBO Trademarks in any manner.
- Copyright Infringement (Compliance with the Digital Millennium Copyright Act)
If you are the owner of the copyright or an agent of a copyright owner, and believe that any consent on gbo-intl.com infringes upon Your copyright, You can notify Us about it in pursuant of the Digital Millennium Copyright Act. You will be required to provide Us with the below information in writing. For more details, please refer 17 U.S.C. 512 (c)(3).
- Identification of the copyrighted work claimed to have been infringed, or a representative list of such works.
- Identification of the allegedly infringed material or activity that is required to be accessed or removed, as well as the information which is required to locate the alleged infringed material.
- Information required to contact You, including your email ID, phone number and postal address.
- 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”.
- A physical or electronic signature of the owner or an authorized signatory.
GBO’s designated copyright officer must be informed about it at [email protected]. A notice not complying with the copyright infringement terms and procedures may not be valid.
Please be advised that You may be liable for damages if You materially misrepresent or claim the infringement of Your copyrights. These damages include attorneys’ fees and other expenses. If You are uncertain whether the material posted on Our Website constitutes copyright infringement, You are recommended to take legal advice in this matter. You undertake not to display in public and/or for non-personal use any copyrighted material of which You are not the owner.
- Service Content and Information
The Service contains information, advice, audio-visual content, and other goods and services (collectively, the “Materials”). Be aware that the Materials may contain inadvertent errors, omissions, adequacies and outdated information. Though We ensure that you have access the accurate information, GBO does not makes no representation or warranties of the authenticity and reliability of the Materials, and will not be liable for any lack of the forgoing.
The data and information on the Website, or that originated from the third parties on which GBO exercises no control, is provided “As Is” for your personal use only. Be known that such information may be changed, and/or these modifications may not be reflected on the Website.
You may not rely solely on the data/information/Materials provided on GBO. You are recommended to conduct Your own research regarding the authenticity and correctness of the Materials, data and information on the Website.
The Service data by no means can be and shall be regarded an offer and/or general financial, legal or tax advisory, counselling, recommendation, opinion, or substitute for Your personal discretion.
Be aware that the information on the Website is often opinion and not fact. You can share comments on the Website by intimating Us on [email protected]. You should independently verify the authenticity of the information on the Website as we expressly disclaim any responsibility with respect thereto. If You notice any inaccurate, hurtful, illegal or offensive information, You may inform Us. Upon the receipt of such an intimation, We will act immediately to do the correction, if required.
Be known that third party advisors or services providers may offer goods, services and other materials to You on the Services via the marketplace, ads, links, apps or other websites. Your communication, transactions and dealings with these third parties found or on through Services including but not limited to the payment and delivery of goods and services, terms and conditions, representations, and warranties 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 due to such dealings, goods and 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 their endorsement by GBO.
We do not represent or warrant that any 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 of Your jurisdiction and act lawfully at all times while using the Services.
The Services may contain hyperlinks to other World Wide Web (www) 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 redirected to Other Sites. Be aware that GBO may not have reviewed the content of Other Sites, or even if reviewed, does not warrant or make any representation regarding the authenticity or accuracy of the information of the Other Site. The hyperlinks to Other Sites do not constitute an endorsement by GBO of any Other Site or resources, or their content. The links have been provided for Your convenience, and do not imply endorsement by Us.
Notwithstanding anything to the contrary contained in these TOS, GBO reserves the right to deny permission to link to the Services from any Website for any reason in its sole and absolute discretion.
- Disclaimer and Warranties
THE SERVICES INCLUDING ALL CONTENT, SOFTWARE, APPLICATIONS, FUNCTIONS, IMAGES, TEXT, VIDEOS, AUDIOS, INFORMATION AND DATA, AVAILABLE ON OR ACCESSED THROUGH OR SENT FROM THE SERVICES, ARE PROVIDED “AS IS”. TO THE FULLEST EXTENT PERMISSIBLE BY LAW, GBO MAKES NO REPRESENTATION, WARRANTIES OR ENDORSEMENTS OF ANY KIND WHATSOEVER ABOUT:
- THE CONTENT ON AND PROVIDED THROUGH THE SERVICES
- THE MATERIALS, INFORMATION AND FUNCTIONS MADE ACCESSIBLE BY THE WEBSITE OR SERVICES
- THE MATERIALS, MESSAGES AND INFORMATION SENT FROM THE SERVICES
- PRODUCTS OR SERVICES OFFERED BY THE THIRD PARTY HYPERLINKS
- ANY BREACH OF SECURITY ASSOCIATED WITH THE TRANSMISSION OF INFORMATION THROUGH THE SERVICES OR ANY LINKED SITE.
GBO DOES NOT WARRANT THAT THE FUNCTIONS CONTAINED IN THE SERVICES OR ANY MATERIALS, OR THE CONTENT CONTAINED THEREIN, WILL BE UNINTERRUPTED OR ERROR-FREE, THAT DEFECTS WILL BE RECTIFIED, OR THAT THE SERVICES OR THE SERVERS THAT MAKE IT POSSIBLE ARE FREE OF VIRUSES OR OTHER HARMFUL COMPONENTS.
GBO DOES NOT WARRANT THAT THAT YOUR ACTIVITIES OR THE USE OF SERVICES IS LAWFUL IN ANY PARTICULAR JURISDICTION. WE EXPRESSLY DISCLAIM SUCH WARRANTIES. BY USING SERVICES, OR ANY ASPECTS THEREOF, YOU ACT AT YOUR OWN RISK. YOU ALSO REPRESENT AND WARRANT THAT YOUR ACTIVITIES ARE LAWFUL IN THE JURISDICTION WHERE THE SERVICES ARE ACCESSED. WE FURTHER DISCLAIM ANY EXPRESS OR IMPLIED WARRANTIES INCLUDING AND WITHOUT LIMITATION NON-INFRINGEMENT, FITNESS FOR A PARTICULAR PURPOSE, MERCHANTABILITY, AND TITLE.
GBO SHALL NOT BE LIABLE FOR THE USE OF 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 LAW IS APPLICABLE TO THE AGREEMENT.
- Limitation of Liability
UNDER NO CIRCUMSTANCES SHALL GBO BE LIABLE FOR ANY SPECIFIC, DIRECT, INDIRECT OR CONSEQUENTIAL DAMAGES RELATED TO THE USE, OR THE INABILITY TO USE, OR THE PERFORMANCE OF, THE SERVICES, EVEN IF GBO HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES WHEREIN AN ACTION OF CONTRACT, NEGLIGENCE, OR OTHER TORTIOUS HAS BEEN EXECUTED.
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.
- Compliance with Sanctions List
GBO does not offer its Services to the individuals or companies which are in the Sanctions List of the United Nations (UN), European Union (EU), UK Treasury, and US Office of Foreign Assets Control with the jurisdictions in which GBO operates.
You agree to defend, indemnify and hold GBO harmless with respect to any and all costs, claims, demands, damages, liabilities, settlements, costs and expenses, including attorneys’ fee 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, costs, demands, damages, claims and awards 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, proceedings, suits, demands, 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 the prior written approval of GBO.
- Governing Law
THIS AGREEMENT AND THE INTERPRETATION OF ITS TERMS SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH LAWS OF THE STATE OF ISRAEL, WITHOUT REGARD TO ITS CONFLICTS OF LAWS AND RULES. THE COURTS OF TEL AVIV, ISRAEL, SHALL HAVE SOLE AND EXCLUSIVE JURISDICTION OR ANY DISPUTE BETWEEN THE PARTIES HERETO.
These TOS contain the sole and entire agreement between the parties with respect to the use of Services. The TOS supersede any and all other prior written or oral agreements between them. Captions in the 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 provisions of these TOS. It is the intent of the parties that nether these TOS, or any covenant of these TOS, shall be construed against either party pursuant to the Common Law Rule of Construction, against the drafter of TOS. It is also the intent of the parties that the said rules do not apply to these TOS. If any provision of these TOS shall be held invalid or unenforceable by any court of competent jurisdiction, or due the future legislative action, such holding or action shall be strictly construed, and shall not affect the validity or effect of any other provisions of these TOS.
Last Updated: February 2022
Changes to this Policy