Terms & Conditions

1 About our terms

1.1 Parity encourages you to understand and read our Terms and Conditions of Use (Terms) carefully before using the Site. By using the Site or otherwise indicating your consent, you agree to be bound by these Terms. If you do not agree with any of these Terms, you should stop using the Site immediately.

1.2 Ours Terms explain how you may use this website and any of its content (Site). The Terms apply between Parity Financial Limited (we, us or our) and you, the person accessing or using the Site (you or your).

1.3We make no promise that the Site is appropriate or available for use in locations outside of the UK. If you choose to access the Site from locations outside the UK, you acknowledge do so at your own initiative and are responsible for compliance with local laws where they apply.

1.4 We restrict access to the Site from the United States of America (USA). However you may be able to access some parts of the Site from the USA and you agree that if you are in the USA, a citizen of the USA or otherwise subject to USA law and regulation, that you will treat the Site as being for information purposes only, and that you shall not make an application to use any services provided by us via the Site or its sub-domains from time to time, nor shall you procure or cause a third party to do the same whether on your behalf or their own.

• 1.5 As a condition of your use of the Site, you agree to comply with our Website Terms and Conditions which is set out below. You agree not to:
• 1.5.1 Misuse or attack our Site by knowingly introducing viruses, trojans, worms, logic bombs or any other material which is malicious or technologically harmful (such as by way of a denial-of-service attack), or
• 1.5.2 Attempt to gain unauthorised access to our Site, the server on which our Site is stored or any server, computer or database connected to our Site.



Once you open an account with Parity and before using any of the Services, you must read and accept all of the Terms and Conditions of Use. By accepting the Terms you are confirming that you understand and agree to be bound by its terms, and are solely responsible for understanding and complying with all laws, rules, regulations and requirements of the jurisdiction in which you live that may be applicable to your use of the Parity Site and/or your Parity Account, including but not limited to, those related to export or import activity, taxes or foreign currency transactions. Depending on your country of residence, you may not be able to use all the functions of the Parity Site.

• 1.6 We may prevent or suspend your access to the Site if you do not comply with our Terms or any applicable policy or law.

1.7 We reserve the right to vary the Terms from time to time. Our updated Terms will be displayed on the Site. It is your responsibility to check these Terms from time to time to verify such variations.

2 About us

• 2.1 We are Parity Financial Limited (trading as Parfin), a company registered in England and Wales under company registration number 11594255. Our registered office is at 85 Great Portland Street, London, W1W 7LT. Our VAT registration number is 329720493.
• 2.2 If you have any questions about the Site, please contact us by:
• • 2.2.1 sending an email to Este endereço de email está sendo protegido de spambots. Você precisa do JavaScript ativado para vê-lo., or
  • 2.2.2 filling out and submitting the online Contact Us form available at www.parfin.io
• 2.3 You have the right to make a complaint at any time to the Information Commissioner's Office (ICO), the UK supervisory authority for data protection issues (www.ico.org.uk). We would, however, appreciate the chance to deal with your concerns before you approach the ICO so please contact us in the first instance.

3 Using the site

• 3.1 The elements of this Site that are free to access are for information only.
• 3.2 You agree that you are solely responsible for all costs and expenses you may incur in relation to your use of the Site.
• 3.3 We make no promise that the Site is appropriate or available for use in locations outside of the UK. If you choose to access the Site from locations outside the UK, you acknowledge you do so at your own initiative and are responsible for compliance with local laws where they apply.
• 3.4 We restrict access to the Site from the United States of America (USA), however you may be able to access some parts of the Site from the USA and you agree that if you are in the USA, a citizen of the USA or otherwise subject to USA law and regulation, that you will treat the Site as being for information purposes only, and that you shall not make an application to use any services provided by us via the Site or its sub-domains from time to time, nor shall you procure or cause a third party to do the same whether on your behalf or their own.
• 3.5 As a condition of your use of the Site, you agree to comply with our Acceptable Use Policy which is set out below, you agree not to:
• • 3.5.1 misuse or attack our Site by knowingly introducing viruses, trojans, worms, logic bombs or any other material which is malicious or technologically harmful (such as by way of a denial-of-service attack), or
  • 3.5.2 attempt to gain unauthorised access to our Site, the server on which our Site is stored or any server, computer or database connected to our Site.
• 3.6 We may prevent or suspend your access to the Site if you do not comply with these Terms or any applicable law.

4 Registration and password security

• 4.1 Use of the Site may require registration, particularly in order to access restricted areas of the Site.
• 4.2 We are not obliged to permit anyone to register with the Site and we may refuse, terminate or suspend registration to anyone at any time.
• 4.3 You are responsible for making sure that your password and any other account details are kept secure and confidential.
• 4.4 If we have reason to believe there is likely to be a breach of security or misuse of the Site through your account or the use of your password, we may notify you and require you to change your password, or we may suspend or terminate your account.
• 4.5 Any personal information you provide to us as part of the registration process will be processed in accordance with our Privacy Policy available at www.parfin.io/index.php/privacy.

5 Your privacy and personal information

• Your privacy and personal information are important to us. Any personal information that you provide to us will be dealt with in line with our Privacy Policy available at www.parfin.io/index.php/privacy, which explains what personal information we collect from you, how and why we collect, store, use and share such information, your rights in relation to your personal information and how to contact us and supervisory authorities in the event you have a query or complaint about the use of your personal information.

6 Ownership, use and intellectual property rights

• 6.1 The intellectual property rights in the Site and in any text, images, video, audio or other multimedia content, software or other information or material submitted to or accessible from the Site (Content) are owned by us and our licensors.
• 6.2 We and our licensors reserve all our intellectual property rights (including, but not limited to, all copyright, trade marks, domain names, design rights, database rights, patents and all other intellectual property rights of any kind) whether registered or unregistered anywhere in the world. This means, for example, that we remain owners of them and are free to use them as we see fit.
• 6.3 Nothing in these Terms grants you any legal rights in the Site or the Content other than as necessary for you to access it. You agree not to adjust, try to circumvent or delete any notices contained on the Site or the Content (including any intellectual property notices) and in particular, in any digital rights or other security technology embedded or contained within the Site or the Content.
• 6.4 Trade marks: Trade marks and trade names may also be used on the Site or in the Content. Use by you of any trade marks on the Site or in the Content is strictly prohibited unless you have our prior written permission.

7 Submitting information to the site

• 7.1 While we try to make sure that the Site is secure, we do not actively monitor or check whether information supplied to us through the Site is confidential, commercially sensitive or valuable.
• 7.2 Other than any personal information which will be dealt with in accordance with our Privacy Policy, we do not guarantee that information supplied to us through the Site will be kept confidential and we may use it on an unrestricted and free-of-charge basis as we reasonably see fit.

8 Accuracy of information and availability of the site

• 8.1 We try to make sure that the Site is accurate, up-to-date and free from bugs, but we cannot promise that it will be. Furthermore, we cannot promise that the Site will be fit or suitable for any purpose. Any reliance that you may place on the information on the Site is at your own risk.
• 8.2 Any Content is provided for your general information purposes only and to inform you about us and our products and news, features, services and other websites that may be of interest, but has not been tailored to your specific requirements or circumstances. It does not constitute technical, financial or legal advice or any other type of advice and should not be relied on for any purposes. You should always use your own independent judgment when using our Site and its content.
• 8.3 We may suspend or terminate access or operation of the Site at any time as we see fit.
• 8.4 This website is not intended for children, and we do not knowingly collect data relating to children.
• 8.5 If you need any assistance, please contact us as soon as possible using the contact details provided on this page.

9 Hyperlinks and third party sites

• The Site may contain hyperlinks or references to third party advertising and websites other than the Site. Any such hyperlinks or references are provided for your convenience only. We have no control over third party advertising or websites and accept no legal responsibility for any content, material or information contained in them. The display of any hyperlink and reference to any third party advertising or website does not mean that we endorse that third party’s website, products or services. Your use of a third party site may be governed by the terms and conditions of that third-party site and is at your own risk.

10 Limitation on our liability

• 10.1 Except for any legal responsibility that we cannot exclude in law (such as for death or personal injury) or arising under applicable laws relating to the protection of your personal information, we are not legally responsible for any:
• • 10.1.1 losses that were not foreseeable to you and us when these Terms were formed;
  • 10.1.2 losses that were not caused by any breach on our part;
  • 10.1.3 business losses; and
  • 10.1.4 losses to non-consumers.

11 Events beyond our control

• We are not liable to you if we fail to comply with these Terms because of circumstances beyond our reasonable control, including, but not limited to, strikes, lock-outs or other industrial disputes; breakdown of systems or network access; or flood, fire, explosion or accident.

12 Rights of third parties

• No one other than a party to these Terms has any right to enforce any of these Terms.

13 Variation

• 13.1 No changes to these Terms are valid or have any effect unless agreed by us in writing or made in accordance with this clause 13.
• 13.2 We reserve the right to vary these Terms from time to time. Our updated Terms will be displayed on the Site and by continuing to use and access the Site following such changes, you agree to be bound by any variation made by us. It is your responsibility to check these Terms from time to time to verify such variations.

14 Disputes

• 14.1 We will try to resolve any disputes with you quickly and efficiently. If you are unhappy with us, please contact us as soon as possible using the contact details set out at the top of this page.
• 14.2 Relevant United Kingdom law will apply to these Terms. If you want to take court proceedings, the relevant courts of the United Kingdom will have non-exclusive jurisdiction in relation to these Terms.

AML Policy

1 Purpose

Parfin has developed an Anti-Money Laundering Compliance Program to comply with applicable laws and regulations.

The AML Policy details how Parity will manage the risks posed by money laundering and ensure a consistency of approach within the Firm.

The Firm will be authorised by the Financial Conduct Authority (FCA) and, as such, will act in accordance with the anti-money laundering rules as defined in the Joint Money Laundering Steering Group (JMLSG) Directive (EU) 2015/849, the FCA Financial Crime guide for firms and the FCA Guidance (FG17/6) on the treatment for Politically Exposed Persons (PEPs), which will take precedence over the requirements of this policy.

The Firm has zero tolerance for money laundering and is committed to mitigating the risksassociated to it. The Firm will take the necessary preventative actions and will promptly investigate any suspicion of money laundering occurring.

2 Review of Policy

This policy will be reviewed regularly, at least once a year, and amended as considered necessary by the Firm’s Management Body in the event of changing circumstances or regulations.

3 Responsibilities

The responsibilities of the Management Body, Money Laundering Risk Officer – MLRO, Nominated Officer – NO and Employees are documented in the Firm’s Financial Crime Policy.

4 Definition of Money Laundering and Terrorist Financing

Money laundering is the process by which criminals attempt to conceal the true origin and ownership of the proceeds of their criminal activities. If undertaken successfully, it also allows them to maintain control over those proceeds and, ultimately, to provide a legitimate cover for their source of income. The risks to the financial sector primarily involve being used to facilitate this process, whether knowingly or unwittingly.

Terrorist Financing is all dealings with funds or property which are, or are likely to be, used for the purposes of terrorism, even if the funds are “clean” in origin.

For the purpose of this policy, money laundering also includes:

• 4.1 Key stages of money laundering

  Money laundering is generally broken down into in three distinct stages:

  • Placement – this is the first stage in the money laundering operation and involves the physical disposal of the initial proceeds derived from illegal activity, e.g. placing cash in the conventional financial and cryptoasset systems
  • Layering – this second stage involves separating the illicit proceeds from their source by creating complex layers of financial or cryptoasset transactions designed to disguise the audit trail and provide anonymity
  • Integration – the final stage involves providing an apparent legitimacy to the criminally derived wealth. If the layering process has succeeded, integration schemes place the laundered proceeds back into the economy in such a way that they re-enter the financial and cryptoassets systems appearing as normal business funds.

4.2 Money Laundering and Terrorist Financing Offences

A money laundering offence may be committed if a person:

• • Conceals, disguises or transfers criminal property
  • Enters into or becomes involved in an arrangement which he knows or suspects facilitates the acquisition, retention, use or control of criminal property on behalf of another person
  • Acquires, uses or has possession of criminal property

In the case of terrorism financing, an offence is committed if there is involvement in providing money, or other property, to be used for the purposes of terrorism, even if the funds are clean in origin.

4.2.1 Failure to disclose

Employees working for a regulated firm, such as the Firm, would commit and offence if they fail to make a disclosure to the authorities or in the form of an internal report to the Nominated Officer in cases where they have knowledge or suspicion that money laundering or terrorism financing is occurring.

4.2.2 Tipping Off

An offence of “Tipping off” is committed when anyone discloses to a person who is the subject of a suspicious report, or a third party, that a disclosure has been made to the Nominated Officer or the authorities or that an investigation is being carried out, as this could prejudice the investigation.

Making enquiries of a client, to verify identity or to ascertain the source of funds for a particular transaction will not trigger a tipping off offence before a suspicious activity report has been submitted in respect of that client. If a suspicious activity report has been made, great care should be taken to ensure the client does not become aware of that fact.

4.3 Consequences of non-compliance

Non-compliance with the money laundering obligations by employees is considered a serious offence and disciplinary actions may be taken by the Firm, including immediate dismissal.

Failure to comply with the money laundering obligations may also result in a criminal penalty (including imprisonment).

In addition to these criminal penalties, a breach of these rules could cause significant damage to the reputation of the Firm and its employees. Failure to comply by an employee may also expose the Firm to penalties, censure and enforcement action (including the impositions of fines) by the FCA.

5 Risk management and Controls

Refer to the Firm’s Financial Crime Policy in addition to the following controls:

5.1 Client Due Diligence

The Firm’s client due diligence consists of the following:

• Identifying the client and verifying the client’s identity using documents or information from a reliable and independent source
• Identifying the beneficial owner and verifying that person’s identity, taking measures to understand the ownership and control structure of the client, where applicable
• Assessing the purpose and intended nature of the business relationship (business profile)
• Conducting ongoing monitoring of the business relationship and transactions undertaken to ensure that they are consistent with the Firm’s knowledge of the client, business, risk profile and source of funds

The Firm will also ensure that anyone acting on behalf of the client is authorised to do so and will identify and verify the identity of that person.

The Firm will ensure that clients are identified and that their identity is verified before commencing any transactions with them.

8 Accuracy of information and availability of the site

• 8.1 We try to make sure that the Site is accurate, up-to-date and free from bugs, but we cannot promise that it will be. Furthermore, we cannot promise that the Site will be fit or suitable for any purpose. Any reliance that you may place on the information on the Site is at your own risk.
• 8.2 We may suspend or terminate access or operation of the Site at any time as we see fit.
• 8.3 Any Content is provided for your general information purposes only and to inform you about us and our products and news, features, services and other websites that may be of interest, but has not been tailored to your specific requirements or circumstances. It does not constitute technical, financial or legal advice or any other type of advice and should not be relied on for any purposes. You should always use your own independent judgment when using our Site and its Content.
• 8.4 While we try to make sure that the Site is available for your use, we do not promise that the Site will be available at all times or that your use of the Site will be uninterrupted.

9 Hyperlinks and third party sites

• The Site may contain hyperlinks or references to third party advertising and websites other than the Site. Any such hyperlinks or references are provided for your convenience only. We have no control over third party advertising or websites and accept no legal responsibility for any content, material or information contained in them. The display of any hyperlink and reference to any third party advertising or website does not mean that we endorse that third party’s website, products or services. Your use of a third party site may be governed by the terms and conditions of that third-party site and is at your own risk.

10 Limitation on our liability

• 10.1 Except for any legal responsibility that we cannot exclude in law (such as for death or personal injury) or arising under applicable laws relating to the protection of your personal information, we are not legally responsible for any:
• • 10.1.1 losses that were not foreseeable to you and us when these Terms were formed;
  • 10.1.2 losses that were not caused by any breach on our part;
  • 10.1.3 business losses; and
  • 10.1.4 losses to non-consumers.

11 Events beyond our control

• We are not liable to you if we fail to comply with these Terms because of circumstances beyond our reasonable control, including, but not limited to, strikes, lock-outs or other industrial disputes; breakdown of systems or network access; or flood, fire, explosion or accident.

12 Rights of third parties

• No one other than a party to these Terms has any right to enforce any of these Terms.

13 Variation

• 13.1 No changes to these Terms are valid or have any effect unless agreed by us in writing or made in accordance with this clause 13.
• 13.2 We reserve the right to vary these Terms from time to time. Our updated Terms will be displayed on the Site and by continuing to use and access the Site following such changes, you agree to be bound by any variation made by us. It is your responsibility to check these Terms from time to time to verify such variations.

14 Disputes

• 14.1 We will try to resolve any disputes with you quickly and efficiently. If you are unhappy with us, please contact us as soon as possible using the contact details set out at the top of this page.
• 14.2 Relevant United Kingdom law will apply to these Terms. If you want to take court proceedings, the relevant courts of the United Kingdom will have non-exclusive jurisdiction in relation to these Terms.

Cookie Policy

Our website uses cookies to distinguish you from other users of our website. This helps us to provide you with a good experience when you browse our website and allows us to improve our Site.

A cookie is a small file of letters and numbers that we store on your browser or the hard drive of your computer if you agree. Cookies contain information that is transferred to your computer's hard drive.

Types of Cookies

We use the following cookies:

• Strictly necessary cookies. These are cookies that are required for the operation of our website. They include, for example, cookies that enable you to log into secure areas of our website or make use of e-billing services.
• Analytical or performance cookies. These allow us to recognise and count the number of visitors and to see how visitors move around our website when they are using it. This helps us to improve the way our website works, for example, by ensuring that users are finding what they are looking for easily.
• Functionality cookies. These are used to recognise you when you return to our website. This enables us to remember your preferences such as login details in order to avoid you having to re-enter these details on each visit to the site.
• Targeting cookies. These cookies record your visit to our website, the pages you have visited and the links you have followed. We may also share this information with third parties for this purpose.

Third Party Cookies

Please note that third parties may also use cookies, over which we have no control. These named third parties may include, for example, advertising networks and providers of external services like web traffic analysis services. These third-party cookies are likely to be analytical cookies or performance cookies or targeting cookies.

We do not share the information collected by the cookies with any third parties.

You can block cookies by activating the setting on your browser that allows you to refuse the setting of all or some cookies. However, if you use your browser settings to block all cookies (including essential cookies) you may not be able to access all or parts of our website.

We also use Google Analytics help us analyse the use of the site. Google Analytics generate statistical and other information about website use by means of cookies, which are stored by users’ web browsers on their computer. The information generated relating to our website is used to create reports about the use of the website. Google hold this information and provide us access to it. Google’s privacy policy is available at http://www.google.com/privacypolicy.html.

You can opt out of google analytic’s cookies by using a browser add-on. This is available from: https://tools.google.com/dlpage/gaoptout/.

Cookies Expiration and Removal

The cookies will remain in the cookies file of your browser after the closing of the browser and will become active again when the Site is reopened, until removed. Cookies can be deleted at any time by you. Cookies will not collect any information when you are not accessing the site.