Terms and Conditions
These Terms apply to business use only. The Services are not offered for personal, family or household purposes.
Kanzum is a financial technology company, not a bank. Certain service elements are provided by or through partner banks, payment institutions, liquidity providers, wallet infrastructure providers and other approved third-party providers.
Kanzum is registered with FINTRAC as a money services business. Registration does not mean endorsement, certification or licensing by FINTRAC.
These Terms are a general framework agreement for website and platform use. Separate order forms, service schedules, pricing schedules, product addenda, operational disclosures and partner disclosures may apply to particular Services and will prevail to the extent of any conflict.
Business onboarding and account opening;
Global Accounts, including local account details, virtual IBANs, balance views and related account-management features;
pricing schedules, order forms and fee schedules;
product-specific terms and corridor notices;
operational instructions and onboarding requirements;
partner-bank or partner-provider disclosures;
API and technical documentation; and
policies published in the Legal Center from time to time.
you are at least 18 years old;
you have full power and authority to enter into these Terms and to use the Services;
all information, documents and data you provide are accurate, complete, current and not misleading;
you will use the Services only for lawful business purposes and only for your own approved business activities, unless we expressly agree otherwise in writing;
your use of the Services will comply with all laws, regulations, sanctions, tax rules, licensing requirements and contractual restrictions applicable to you, your business, your transactions, your counterparties and the goods or services underlying those transactions; and
you are not located in, incorporated in, controlled from, ordinarily resident in, or using the Services from a jurisdiction or for an activity that we prohibit.
safeguarding or holding arrangements for fiat funds;
issuance of local account details or receiving credentials;
payment routing, settlement and payout execution;
foreign exchange and liquidity provision;
identity verification, sanctions screening and fraud tools;
cloud, communications and technical infrastructure.
your legal name, trading names, registered office and principal place of business;
incorporation and registration details;
directors, officers, authorised signatories, shareholders, ultimate beneficial owners and controllers;
business model, counterparties, countries of operation, expected transaction volumes and typical transaction patterns;
bank accounts, settlement details, expected funding sources and payment purposes;
External Wallets, wallet ownership, wallet purpose and supported use cases;
licences, permits, contracts, invoices, shipping documents or other records relevant to the activity you intend to conduct; and
any other information we reasonably request for KYC, KYB, AML, sanctions, fraud, security, operational or contractual purposes.
maintain appropriate internal treasury, approval and segregation-of-duties controls;
keep credentials, API keys, devices and approval methods secure;
ensure that only properly authorised persons submit Instructions;
promptly revoke access for departed or unauthorised personnel; and
notify us immediately if you suspect fraud, unauthorised activity, account takeover, credential compromise, malware, phishing or any security incident affecting your use of the Services.
Global Accounts / local account details – Section 9;
for your own lawful business receipts and approved treasury or payment flows;
for the purpose approved during onboarding;
in the currencies, corridors and geographies we permit; and
in accordance with any naming, reference, reconciliation, segregation, beneficiary or reporting requirements that we specify.
pool, route or settle funds for unapproved third parties;
provide unlicensed payment processing, merchant acquiring, money transmission or stored-value services;
disguise the source, destination or purpose of funds;
receive funds for prohibited goods or services; or
operate a consumer-facing wallet, marketplace, escrow, nested-fintech or agency flow without our express written approval.
the payment arrives through an unsupported route, unsupported currency or unsupported payer type;
the relevant Partner Institution, intermediary or payer bank rejects, recalls or returns the payment;