Anti Fraud Policy

Purpose and scope of this policy

NFT Artist Management has a commitment to high legal and ethical standards, and all Affiliates  are required to share this commitment. The purpose of this policy is to clarify the responsibilities  of all Affiliates with respect to fraud, and fraud prevention, and the actions that will be taken by  NFT Artist Management towards any Affiliate(s) if fraud is suspected and/or detected in their  engagement with NFT Artist Management, and/or NFT Artist Management´s partner companies. 

Definition of fraud

The legal definition of fraud varies among countries and jurisdictions, but the term is commonly  used to describe a wide variety of dishonest practices, and/or misconduct(s). Fraud comprises of the use of deception to obtain an unjust, or illegal financial advantage; and intentional  misrepresentations (often regarding financial statements provided one, or more individuals).  Fraud is commonly perpetrated by parties to obtain money, property, or services; to avoid  payment or loss of services, or to secure an advantage, whether for personal business  purposes. Acts of fraud are not dependent upon the application, or threat of violence, or of  physical force. 

Acts of fraud may involve, but are not limited to:

It should be noted that actions taken to instigate, aid, abet, attempt, conspire, or cooperate in a  fraudulent act, also constitute fraud. 

Investigation of allegations

All allegations of fraud and suspected fraud are taken seriously by NFT Artist Management.  Upon receipt of information indicating fraud or suspected fraud, NFT Artist Management will  assess the information and determine if the Affiliate in question will be suspended pending a  further investigation, or if the membership will be terminated immediately. 

Should the Affiliate be suspended for fraud, all e-wallet balances, Commissions, Bonuses and  Reward funds will be subject to suspension, and the Affiliate in question may be blocked from  accessing the NFT Artist Management website. 

Should the membership be terminated immediately, however, the Affiliate may lose all rights to his or her position in the Compensation Plan, i.e., all previous, current and future commissions,  bonuses and rewards earnings will be forfeited.

Disciplinary/legal action

Proven fraud or suspected fraud, which comes to NFT Artist Management`s attention, will be  referred to the appropriate authorities at the earliest possible opportunity. This may include, but  is not limited to, filing a police report. 

NFT Artist Management reserves the right to take legal action against any Affiliate whom NFT  Artist Management suspects of having committed fraud. 

Reporting fraud

Anyone with information regarding fraud or suspected fraud is strongly encouraged to report  this information to NFT Artist Management’s Compliance Department at  [email protected]. 

Anonymous reports

Individuals wishing to protect their identity may report fraud anonymously. For anonymous  reports, a report number and code are used to allow the individual making a complaint to follow  up, and to check if the assessing officer has requested any further information.

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