The following activities are prohibited under your API access agreement and under applicable Nigerian and international law. Engaging in these activities  or knowingly enabling end users who engage in them will result in immediate suspension of your account, potential reporting to regulatory authorities, and termination of your commercial relationship with Quidax.

Prohibited Activities

• Money laundering, processing or facilitating transactions that are designed to disguise the origin of illegally obtained funds
• Terrorism financing and proliferation financing, transmitting value to individuals or organisations on domestic or international sanctions lists, or to entities connected with terrorist activity or the financing of weapons of mass destruction
• Processing transactions for sanctioned entities, including those listed by OFAC, the UN Security Council, the European Union, or the Central Bank of Nigeria
• Structuring transactions, deliberately breaking up transactions to fall below reporting thresholds to avoid detection (also known as “smurfing”)
• Facilitating ponzi schemes, or unlicensed financial services using the Quidax API
• Providing access to crypto or stablecoin features to users who have not completed your required KYC process
• Using the API to process transactions on behalf of a business or individual that you have not disclosed to Quidax during onboarding
• Misrepresenting your business model, transaction volumes, or end-user base to Quidax or to regulators
• Exploiting API vulnerabilities, bugs, or pricing mismatch

High-Risk Jurisdictions and Restricted Countries

Quidax does not process transactions involving individuals or entities based in countries subject to comprehensive international sanctions, or in jurisdictions classified by FATF as high-risk and non-cooperative. If your product operates in or serves users from markets outside Nigeria, Ghana, and Kenya, you must disclose this during onboarding and obtain written confirmation from Quidax that your use case is supported.

Attempting to route transactions through the Quidax API on behalf of users in restricted jurisdictions is a serious compliance violation and will result in account termination.