Risk Disclosure Statement

5.1  Purpose

This Risk Disclosure Statement is provided by UVA Global to ensure that all clients and prospective clients are aware of the material risks associated with the use of our money services, including foreign exchange, international money transfer, and cross-border payment services. Engaging our Services does not eliminate these risks and you should read this statement carefully before proceeding.

5.2  Foreign Exchange Risk

The value of currencies fluctuates continuously in response to market conditions, geopolitical events, economic data, and central bank policy decisions. When you engage UVA Global for foreign exchange services:

  • The exchange rate applied to your transaction is only guaranteed for the specific period confirmed at the time of execution
  • Market movements between the time you request a rate and the time your instruction is executed may result in a different rate being applied
  • Adverse exchange rate movements may result in you receiving less of the destination currency than anticipated
  • UVA Global does not provide investment advice or currency forecasting services

 

5.3  Settlement and Timing Risk

International money transfers and cross-border payments are subject to processing and settlement timelines that may vary depending on the destination country, receiving financial institution, correspondent banking chains, and local regulatory requirements. We do not guarantee same-day or next-day settlement for all corridors and accept no liability for losses arising from delays in settlement caused by factors outside our reasonable control.

 

5.4  Regulatory and Compliance Risk

The regulatory environment governing cross-border payments and money services is subject to change. Changes in applicable laws, sanctions regimes, or regulatory guidance may affect our ability to process transactions to certain destinations or through certain channels. We reserve the right to suspend or decline transactions where required by our compliance obligations, without liability to you.

 

5.5  Counterparty Risk

In processing international transactions, UVA Global may utilise correspondent banks, payment networks, and settlement agents. While we conduct due diligence on our counterparties, we cannot eliminate the risk of failure or default by a third-party institution involved in processing your transaction. UVA Global is not liable for losses arising from the insolvency, default, or regulatory action against any third-party financial institution involved in processing your payment.

 

5.6  Technology and Operational Risk

Our platform and services depend on technology infrastructure, third-party systems, and connectivity. We may experience technical outages, cyber incidents, or operational disruptions that temporarily prevent access to our Services. While we maintain appropriate business continuity and disaster recovery measures, we cannot guarantee uninterrupted availability of our platform and accept no liability for losses arising from technology failures beyond our reasonable control.

 

5.7  Sanctions and Compliance Risk

Transactions may be delayed, refused, or reversed where required by applicable sanctions regulations, AML controls, or regulatory directives. UVA Global is not liable for any losses, costs, or damages arising from our compliance with legal and regulatory obligations, including the blocking or reporting of transactions as required by Canadian or international law.

 

5.8  No Financial Advice

Nothing contained in this Risk Disclosure Statement, our website, or any communication from UVA Global constitutes financial, investment, legal, or tax advice. You should seek independent professional advice before making decisions that may be affected by the risks described in this statement.

 

5.9  Acknowledgement

By engaging UVA Global’s Services, you acknowledge that you have read and understood this Risk Disclosure Statement, that you are aware of the risks associated with the Services, and that you accept those risks.

 

5.10  Contact

For any questions relating to this Risk Disclosure Statement, please contact us: [email protected]