Legal Notice & Compliance

  • Effective Date: 7th March 2025
  • Company Name: DEALSETTLE LTD
  • Company Registration Number: 16293084
  • Registered Office: 128 City Road, London, United Kingdom, EC1V 2NX

At DealSettle, we operate as a legally registered escrow service provider in full compliance with UK financial regulations, AML (Anti-Money Laundering) laws, and KYC (Know Your Customer) requirements. Our platform ensures secure, legal, and transparent transactions for all users.

By using DealSettle, you agree to abide by all applicable laws and regulations governing escrow transactions.

Regulatory Compliance & Legal Framework

We adhere to the following UK laws and global financial compliance standards:

  • UK Companies Act 2006 – Governs our corporate registration and business operations.
  • Financial Services and Markets Act 2000 (FSMA) – Ensures transparency in financial activities.
  • UK Anti-Money Laundering (AML) & Counter-Terrorism Financing (CTF) Regulations – Prevents financial crime and illicit transactions.
  • UK General Data Protection Regulation (UK GDPR) – Protects user data and privacy.
  • Know Your Customer (KYC) & Customer Due Diligence (CDD) Policies – Ensures identity verification and fraud prevention.
  • Payment Services Regulations 2017 – Confirms that we do not engage in regulated financial services requiring FCA authorization.
  • DealSettle is a UK-registered company, operating lawfully under the applicable regulations.

FCA Licensing & Payment Processing Compliance

DealSettle does not require a Financial Conduct Authority (FCA) license because:

  • We do not hold customer funds in our business accounts.
  • We use third-party regulated payment gateways (e.g., Stripe, PayPal, Wise, or cryptocurrency payment processors).
  • We do not provide regulated financial services, such as banking, lending, or investment management.
  • We strictly act as an escrow intermediary, ensuring that funds are securely held until both parties fulfill their obligations.
  • Since all payment transactions are handled by third-party licensed financial institutions, FCA authorization is not required.

DealSettle’s Role as an Escrow Service Provider

  • DealSettle acts as a neutral third party that holds funds in escrow until both buyer and seller fulfill their obligations.
  • We do not provide financial advisory, banking, or lending services.
  • Users are solely responsible for ensuring their transactions comply with local and international laws.
  • We reserve the right to refuse transactions that violate our policies or legal obligations.

User Responsibilities & Legal Obligations

Users of DealSettle must adhere to the following legal requirements:

  • Only engage in lawful transactions – Users must comply with UK and international laws.
  • Provide accurate information – False or misleading details may result in account suspension.
  • Adhere to AML & KYC regulations – Users must verify their identity if required.
  • Avoid Prohibited Transactions – Users must not engage in transactions outlined in our Prohibited Transactions Policy.
  • Report suspicious activity – Users must notify us of potential fraud or illegal activity.
  • Violating these responsibilities may result in account suspension, transaction cancellation, or legal action.

AML, KYC, and Transaction Monitoring

To comply with AML laws and fraud prevention measures, DealSettle enforces:

  • Mandatory KYC verification for transactions exceeding $1000 per day.
  • Maximum transaction limit of $5000 per day per user to prevent financial crimes.
  • Ongoing monitoring of transactions to detect suspicious activity and prevent fraud.
  • Strict adherence to UK AML & Counter-Terrorism Financing (CTF) Regulations.
  • Reporting obligations to financial intelligence authorities in case of suspicious transactions.
  • Users must comply with all KYC and AML policies before engaging in high-value transactions.

Data Protection & Privacy Compliance

We prioritize user privacy and data security under the UK GDPR framework:

  • All user data is encrypted and stored securely.
  • We do not share, sell, or misuse user data for marketing or third-party services.
  • KYC documents are only used for compliance purposes.
  • Users can request access, correction, or deletion of their personal data in accordance with UK GDPR rights.
  • For full details, refer to our Privacy Policy.

Dispute Resolution & Legal Enforcement

  • In case of a transaction dispute, users must follow our Dispute Resolution Policy.
  • If users violate laws or DealSettle policies, we may:
  • Suspend or terminate accounts.
  • Report the case to legal authorities.
  • Take legal action where necessary.
  • We uphold UK legal standards and take violations seriously.

Limitations of Liability

  • DealSettle is not a bank, money transmitter, or financial institution.
  • We do not provide financial advisory, investment, or lending services.
  • Users assume all risks associated with their transactions and must comply with local financial laws.
  • DealSettle is not responsible for external payment provider fees or delays.
  • By using DealSettle, users acknowledge that they fully understand and accept the terms outlined in this legal compliance statement.

Amendments to This Legal Notice & Compliance Policy

  • DealSettle reserves the right to update this policy as required by law.
  • Major changes will be notified to users via email or platform updates.
  • Continued use of DealSettle means you accept the updated terms.
  • Check this page periodically for updates.

Contact Information

For legal or compliance inquiries, please contact:

DealSettle – Legally Compliant, Secure, and Trusted Escrow Transactions.

DealSettle is a UK-registered escrow platform (Company No: 16293084) that ensures secure online transactions. Whether you’re a buyer, seller, or freelancer, we protect your funds until the transaction is complete. No scams. No risks. Just safe, instant, and trusted transactions.

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