When you ask to open an account, the following terms and conditions should apply.
You must be over 18 years of age, have the legal ability to enter into the agreement; meet and understand the applicable contract terms.
Okoora, or someone acting on its behalf, can ask you for additional information including but not limited to, where the transfer amount is coming from, people authorized by you, i.e., directors, partners, shareholders, any beneficial owners and/or people with significant control over your business. We will also require your permission for authorized persons to act on your behalf, and they must agree to abide by the terms and conditions.
Access will be granted after all the required information has been provided and approved.
You can only open one Okoora account, and you cannot open a previously closed account held by you. Its also not possible to open an account if you’re a charity, political or religious organization. Additional unapproved business activities include:
- Trading in cryptocurrencies
- Binary options and/or gambling
- Dating and escort services
- Arms trafficking
- Debt collection; or Trading in prime-bank guarantees, debentures, letters of credit and/or medium-term notes
Okoora has the right to refuse any request to open or hold an account if you carry out any other business activity that does not comply with its terms and conditions. You’ll be notified if and when restrictions apply before we approve your account.