Scope

• All users of Busha platform, including individual and business accounts.
• Merchants, institutions, and third-party service providers integrated with Busha.
• Employees, contractors, and agents acting on behalf of Busha

Prohibited Activities

• Illegal Financial Activities

  1. Money laundering, terrorist financing, or any activity that violates AML/CTFT regulations.
  2. Conducting or facilitating fraudulent activities, including Ponzi schemes, pyramid schemes, or investment scams.
  3. Engaging in fraudulent or unlawful transactions, identity theft, or tax evasion.
  4. Concealing illegally obtained funds.
  5. Operating or participating in unregistered securities offerings, including Initial Coin Offerings (ICOs) or token sales that violate securities laws.

• Fraudulent & Deceptive Practices

  1. Flooding our platforms with spam.
  2. Providing false or stolen information during onboarding or KYC verification.
  3. Using stolen, altered, or counterfeit financial instruments such as credit cards, debit cards, or bank accounts.
  4. Impersonating another person, business, or entity to commit fraud.
  5. Operate without obtaining required licenses or approval.
  6. Access unlawful websites, distribute harmful content, including hate speech, or obscene materials, promote violence, discrimination, harass minors, defame or scam other users.

• Darknet & Illicit Marketplaces

  1. Facilitating or participating in transactions that may be linked to darknet markets or similar platforms known for illegal trade.
  2. Engaging in activities related to scam services or fraud -shops, that sell stolen data or compromised accounts.

• Exploitation and Harmful Content

  1. Promoting or facilitating human trafficking, child exploitation, or any form of abusive behavior.
  2. Distributing malicious software, including viruses, spyware, ransomware, or other harmful programs.

• Prohibited Goods & Services

  1. Engaging in the sale, purchase, or distribution of weapons of mass destruction, including firearms, ammunition, explosives, and related accessories.
  2. Facilitating and supporting the distribution of illegal drugs, narcotics, steriods, narcotics, steriods, controlled substances, or other drugs that are unsafe for consumer consumption, or other drugs that are unsafe for consumer consumption or prescription medication without the required licenses.
  3. Participating in or enabling unlicensed gambling activities.
  4. Participating in sale or purchase of stolen goods, including virtual assets, Items that infringe upon or violate any copyright, trademark, right of publicity or privacy, or any other proprietary rights.
  5. Participating in sale or purchase of stolen goods, including virtual assets, Items that infringe upon or violate any copyright, trademark, right of publicity or privacy, or any other proprietary rights.
  6. Activities that violate guidelines, rules, or regulations of SEC, EFCC, NFIU, or other Nigerian/International applicable laws.

• Other Prohibited Activities

  Other Prohibited Activities
Engaging in or doing business with entities or individuals that carry out any of the activities outlined below:

  1. Activities causing adverse human rights impacts.
  2. Transactions involving Human organ mining.
  3. Animal testing, unless this is required by law and done in the least harmful way.
  4. Commercial events with animals where the Five Animal Freedoms are not respected.
  5. Producing, processing, and/or trading Angora wool or fur.
  6. Using endangered species or great apes for testing and experimental purposes.
  7. Chemicals and Substance
  8. Generation of electricity from thermal coal and acquisition or building of thermal coal mines.
  9. Stand-alone project finance of nuclear power plants
  10. Adult content production or distribution.
  11. Scam dating website management.
  12. Binary Options and/or speculation financial products platforms.

• Sanctioned Jurisdictions

  1. Conducting business in or with countries identified as high-risk jurisdictions for money laundering or terrorist financing.
  2. Using the platform for speculative trading in jurisdictions where crypto trading is restricted or illegal.
  3. Engaging in transactions with individuals or jurisdictions listed on international sanctions lists such as:
     i. Consolidated Canadian Autonomous Sanctions List;
     ii. United Nations Consolidated Sanctions (UNCS) Lists;
     iii. OFAC Consolidated Sanctions List;
     iv. OFAC SDN List;
     v. Office of the Superintendent of Financial Institutions (OSFI) List;
     vi. Special Economic Measures Act (SEMA) List etc.
  4. Some of these jurisdictions include, but are not limited to, Afghanistan, Belarus, Burundi, Central African Republic (CAR), Cuba, Democratic Republic of the Congo (DRC), Guinea Bissau, Iran, Iraq, ISIL (Da'esh) and Al-Qaida, Lebanon, Libya, Mali, Myanmar (Burma), Nicaragua, North, Korea (DPRK), Russia, Somalia, South Sudan, Sudan, Syria, Ukraine (Crimea, Donetsk, and Luhansk regions specifically), Venezuela, Yemen, and Zimbabwe.
  5. Engaging in transactions with entities listed on international sanctions lists. Some of these entities include, but are not restricted to, the Iranian Revolutionary Guard Corps (IRGC), Russian Government Entities, North Korean entities, and Hezbollah.

• Security Violations

  1. Using bots, automation tools, or exploiting vulnerabilities to bypass security protocols.
  2. Attempting to manipulate virtual asset prices, transactions, or the market.

• Use of Mixing Services
  Attempting to obscure transaction origin or ownership through crypto mixers, tumblers, or other privacy-enhancing tools designed to conceal the source of funds.

  1. Crypto ATM Restrictions
     i. Operating, managing, or using crypto ATMs without appropriate registration or licensing.
     ii. Frequent receipt of funds from Crypto ATMs without clear, legitimate economic purpose.
     iii. Facilitating cash-to-crypto transactions.

Use of Busha Business API

• Busha reserves the right to grant access to its platforms for integration purposes where API integration is necessary for executing transactions or using Busha’s products and services.
• Once access is granted, you are restricted from duplicating, reproducing, republishing, modifying, reverse engineering, decompiling, disassembling, creating other works from, disassembling, sharing, transmitting, distributing, or altering Busha’s system, whether directly or indirectly, without obtaining the prior written consent of Busha.
• You shall not assign your right of access to Busha’s platforms without Busha’s prior written consent duly sought and obtained.
• You shall not use Busha’s platform accessed via API integration for purposes other than those for which access was granted.
• All data accessed during API integration must be kept confidential and protected, used, stored, or processed in accordance with applicable data protection laws.
• You shall not use the API for unlawful activities, such as the distribution of viruses, malware, and other harmful software.

You agree to:

• Use strong passwords and enable two-factor authentication (2FA);
• Avoid sharing account details with unauthorized individuals;
• Report suspected breaches or security concerns to compliance@busha.co immediately;
• Use only legally obtained funds for processing transactions on our platforms;
• Respond to our requests for further information or verification promptly.

Sanctions

• Issuance of a warning notice to you.
• Temporary suspension of any or all account activities.
• Permanent Ban from using Busha’s products and services.
• Reporting of your account to Law enforcement agencies.
• Legal proceeding against you for reimbursement of all costs, liabilities and damages on an indemnity basis (including, but not limited to, reasonable administrative and legal costs) resulting from the breach.

Periodic review

Contact us