Restricted Activities

You must NOT use Vield services for:

Prohibited Loan Uses

  • Gambling or betting: Any form of wagering
  • Bail payments: Any bail or bond payments
  • Bond payments: Any type of bond
  • Government payments: Payments to government agencies
  • Charitable donations: Payments to charitable or social organizations
  • Illegal activities: Any unlawful purposes

Prohibited Behaviors

  • Providing false or misleading information
  • Sending fraudulent funds or crypto
  • Refusing to cooperate with investigations
  • Violating laws or regulations
  • Breaching Terms & Conditions

Technical Restrictions

  • Using viruses, malware, or harmful code
  • Using anonymizing proxies
  • Using bots, scrapers, or automated tools without permission
  • Attempting to bypass security systems
  • Interfering with Vield's systems or other users

Loan Purpose Requirements

Personal Loans

Must be used for personal or domestic purposes only.

Acceptable uses include:

  • Home renovations or repairs
  • Debt consolidation
  • Vehicle purchase
  • Medical expenses
  • Education costs
  • Travel
  • Wedding

Commercial Loans

Must be used for business purposes only. Vield verifies this and may terminate the agreement if misused.

AML/CTF Compliance

What is AML/CTF?

Anti-Money Laundering and Counter-Terrorism Financing laws require financial service providers to:

  • Verify customer identity (KYC)
  • Monitor transactions
  • Report suspicious activity to AUSTRAC
  • Maintain records for 7 years

Your Obligations

  • Provide accurate KYC information: Name, address, date of birth, ID documents
  • Update information promptly: Notify Vield of changes
  • Cooperate with requests: Provide additional documents when asked
  • Use services lawfully: Only for legitimate purposes

Enhanced Due Diligence

Vield may conduct enhanced due diligence if:

  • You are a Politically Exposed Person (PEP)
  • You're from a high-risk jurisdiction
  • Transactions are unusually large or complex
  • Activity appears suspicious

This may require additional documentation about the source of funds or wealth.

AUSTRAC Registration

Vield Pty Ltd (ABN 92 658 666 356) is registered with AUSTRAC as a Digital Currency Service Provider (Registration Number: DCE100809730-001).

Consequences of Violations

If you engage in restricted activities or provide false information, Vield may:

  • Restrict your account: Limit or suspend access
  • Declare default: Trigger default provisions
  • Terminate your account: Close immediately
  • Refuse future services: Ban from using Vield
  • Report to authorities: AUSTRAC, law enforcement
  • Take legal action: Pursue legal remedies

Account Restrictions

When Accounts May Be Restricted

  • Breach of Terms & Conditions
  • Default on loan obligations
  • Suspicious activity detected
  • False or incomplete information
  • Excessive disputes or complaints
  • Regulatory compliance issues
  • Don't meet Target Market Determination

What Happens During Restriction

  • Cannot take new loans: No additional borrowing
  • Can still make repayments: Pay down existing debt
  • Can add collateral: Improve LVR
  • Limited account access: View-only or restricted features

Data Privacy & Protection

Vield complies with:

  • Privacy Act 1988: Australian privacy legislation
  • Australian Privacy Principles (APPs): 13 principles governing personal information

Your data is:

  • Encrypted: In transit and at rest
  • Stored securely: On Australian servers
  • Access-controlled: Only authorized personnel
  • Retained as required: 7 years for compliance

View Vield's complete Privacy Policy at www.vield.io or request via support@vield.io.

KYC Third-Party Providers

Vield uses trusted third-party providers for identity verification:

  • Frankie Financial Pty Ltd (FrankieOne): Identity verification services
  • Brontech Pty Ltd (BronID): Identity verification services

Information shared includes: company details (for commercial), full names, addresses, dates of birth, and ID documents.

Your information is handled in accordance with Vield's Privacy Policy, FrankieOne's privacy policy, and BronID's privacy policy.

Staying Compliant

  • Use loans for stated purposes: Personal or commercial as applicable
  • Avoid restricted activities: Review the prohibited list
  • Provide accurate information: Always be truthful
  • Update information promptly: When changes occur
  • Cooperate with requests: Provide documents when asked
  • Ask if unsure: Contact support for clarification