Open Mind

Terms, conditions and privacy policy

TERMS AND CONDITIONS

§1. General Provisions

These Terms and Conditions define the rules for using the website [https://opemi.org/], operated by [OpenMind EOOD], with its registered seat at:

1111 Sofia
Yavorov complex
bl. 34, fl. 4, at. 1
Bulgaria

UIC / EIK: 207098038

The website is informational and commercial in nature and concerns the purchase and sale of precious metals.

Use of the website constitutes acceptance of these Terms and Conditions.

§2. Scope of Activity

The website provides information regarding:

  • purchase of precious metals,
  • sale of precious metals,
  • current valuation principles and transaction procedures.
  • agricultural goods trade

The information presented on the website does not constitute an offer within the meaning of the Civil Code, but an invitation to contact.

§3. Precious Metals

Transactions may concern in particular:

  • gold,
  • silver,
  • platinum,
  • palladium.

Detailed conditions regarding fineness, weight, and form of the metal are agreed individually.

§4. Valuation and Pricing

Valuation of precious metals is based on:

  • current market quotations,
  • metal fineness,
  • weight and physical condition.

The final transaction price is determined prior to conclusion of the transaction and requires acceptance by both parties.

§5. Transaction Execution

Transactions are carried out after:

  • verification of the metal,
  • confirmation of the client’s data (in accordance with applicable regulations).

Settlement is made in the agreed form and timeframe.

The website reserves the right to refuse to execute a transaction without providing reasons.

§6. Liability

The website shall not be liable for investment decisions made based on information contained on the website.

Information published on the website is of a general nature and does not constitute investment or financial advice.

§7. Personal Data Protection

Personal data is processed in accordance with applicable legal regulations and the Privacy Policy.

Providing data is voluntary but necessary for the execution of transactions.

§8. Copyright

All content published on the website is protected by copyright law.

Copying or distributing content without the consent of the website owner is prohibited.

§9. Amendments to the Terms

The website reserves the right to amend these Terms and Conditions at any time.

Amendments become effective upon publication on the website.

§10. Final Provisions

In matters not regulated herein, the provisions of Polish law shall apply.

These Terms and Conditions enter into force on the date of publication on the website.

LEGAL BASIS AND SCOPE OF LICENSE

LEGAL BASIS AND SCOPE OF LICENSE

Entity: “OpenMind” EOOD
UIC (EIK): 207098038
Registered seat: Sofia, Slatina District, Sofia-grad

License No. 8107 authorizes:

  • foreign transactions in precious metals and precious stones (Art. 14 Valuten Zakon),
  • transactions in investment gold (Art. 15 Valuten Zakon),
  • commercial trading in precious metals.

The activity is subject to supervision by the competent Bulgarian authorities, including DANS in the scope of AML compliance.

II. AML / KYC PROCEDURES

(Compliant with Bulgarian Law)

1. Legal Basis

The procedures have been developed in accordance with:

  • Anti-Money Laundering Measures Act (Zakon za merkite sreshtu izpiraneto na pari),
  • Counter-Terrorist Financing Measures Act (Zakon za merkite sreshtu finansiraneto na terorizma),
  • DANS guidelines,
  • EU AML Directives (AMLD).

2. Customer Identification (KYC)

Identification is mandatory prior to execution of any transaction.

Individual Client:

  • full name,
  • date and place of birth,
  • nationality,
  • identity document number,
  • residential address.

Business Client:

  • entity name,
  • legal form,
  • registration number,
  • representative’s details,
  • identification of the Ultimate Beneficial Owner (UBO).

3. Risk Assessment

Clients are classified as:

  • low risk,
  • standard risk,
  • high risk.

Assessment criteria include:

  • country of origin,
  • nature of the transaction,
  • value and frequency.

4. Transaction Monitoring

The entity conducts:

  • ongoing monitoring of transactions,
  • analysis of unusual operations,
  • documentation of the source of funds.

5. Reporting to DANS

Suspicious transactions or transactions exceeding statutory thresholds:

  • are reported to DANS without informing the client,
  • documentation is retained for a minimum of 5 years.

6. Refusal of Transaction

The entity has the right to:

  • refuse a transaction,
  • suspend execution,
  • terminate a business relationship.

III. SERVICE TERMS (ALIGNED WITH LICENSE NO. 8107)

The activity is conducted exclusively within the scope granted under License No. 8107.

The website does not provide financial services or investment advisory services.

Governing law: the law of the Republic of Bulgaria.
Jurisdiction: competent Bulgarian courts.

IV. PRIVACY POLICY (BG + GDPR)

Data Controller

“OpenMind” EOOD
UIC 207098038

Purpose of Processing

  • execution of transactions,
  • AML obligations,
  • accounting and legal obligations.

Legal Basis

Article 6(1)(b), (c), and (f) of the GDPR.

Data Subject Rights

  • right of access,
  • right to rectification,
  • right to erasure (subject to AML limitations),
  • right to object,
  • right to lodge a complaint with the CPDP Bulgaria.

V. COOKIES POLICY

The website uses cookies:

  • technical (necessary),
  • analytical (optional),
  • functional.

Users may manage cookies through browser settings.

VI. FINAL PROVISIONS

Documentation is compliant with License No. 8107 and applicable law of the Republic of Bulgaria.

Periodic updates are recommended in accordance with AML legislative changes.

CEO
Конрад Пиотровски

OpenMind EOOD

1111 Sofia
Yavorov complex
bl. 34, fl. 4, at. 1
Bulgaria

UIC / EIK: 207098038