KYC & AML POLICY

 

1.Preamble

1.1. We ensure that we comply with Know Your Customer and Anti-Money Laundering laws and regulations, and will not knowingly violate Know Your Customer and Anti-Money Laundering policies. To the extent of our reasonable control, we will adopt necessary measures and technology to provide you with Services that are safe and secure, so as to protect you against the loss caused by money laundering to the greatest extent possible.

1.2. Our Know Your Customer and Anti-Money Laundering policies are a comprehensive system of international policies, including the Know Your Customer and Anti-Money Laundering policies of the jurisdictions to which you are subject to. Our robust compliance framework ensures that we meet regulatory requirements and regulatory standards on both the local and global levels, and ensure the operational sustainability of our website.

2. Content of Our Know Your Customer and Anti-Money Laundering Policies

2.1. We promulgate and update Know Your Customer (KYC) and Anti-Money Laundering (AML) policies to meet the standards set by relevant laws and regulations.

2.2. We promulgate and update some of the guidelines and rules in connection with the operation of this website, and our staff will provide you whole-process service in accordance with the guidelines and rules.

2.3. We design and complete the procedures for internal monitoring and transaction  control, such as rigorous identity authentication procedures, and form a professional team responsible for Anti-Money Laundering.

2.4. We adopt risk-prevention-based approach to carry out due diligence and continuous supervision in connection with customers.

2.5. Review and regularly inspect existing transactions.

2.6. To report suspicious transactions to the competent authorities.

2.7. Proof documents of identity documents, address certificates and transaction records will be maintained for at least six (6) years; if they are submitted to the regulatory authorities, let it be understood that a separate notice will not be provided to you.

2.8. Credit cards are prohibited throughout the course of the transaction.

2.9. If you are from any of the high-risk and non-cooperative jurisdictions listed on the website of Financial Action Task Force (FATF) of the United States, you will not be allowed to register as a member of this website or use any service offered by this website.

2.10. Regularly participate in the trainings organized by the relevant authorities and provide regular trainings to the staff.

3. Verification and Validation of Identity Information

3.1 Identity Information

3.1.1. In accordance with the laws and regulations of relevant jurisdictions and in light of the nature of entities concerned, the content of your information as is collected by us may vary, and in principle, we will collect the following information of yours if you register as an individual: 

Basic personal information: your name, address (and permanent address, if the two are different), date of birth and nationality, and other information available. Identity authentication shall be based on documents issued by the official or other similar authorities, such as passports, identity cards or other identity documents as are required and issued by relevant jurisdictions. The address you provide will be validated in an appropriate manner, such as checking the fare ticket of means of transportation you use, your interest rate bills, or voter register.

Valid photo: before you register, you must provide a photograph showing you holding your identity document in front of your chest (identity document and your face must clearly visible).

Contact information: mobile phone number and valid e-mail address. 

We may request you to provide further information under circusmtances to meet our KYC and AML obligations under relevant laws and regulations.

3.1.2. We accept your identity informations only in English. If your identity informations are not in either of these two languages, you will need to submit a notarized English translation of your identity informations. 

3.2. Confirmation and Verification

3.2.1. You are required to provide both the front and back sides of your identity documents.

3.2.2. You are required to provide us with a photograph showing you holding your identity documents in front of your chest.

3.2.3. Copies of certification documents shall be checked against the originals thereof. Nonetheless, if a trusted and suitable certifier person can prove that such copies are accurate and comprehensive duplicates of the originals thereof, such copies shall be deemed as acceptable. Such certifiers include ambassadors, members of the judiciary, magistrates, etc.

           4. Transaction Supervision

4.1. We constantly set and adjust daily trading and cash withdrawal limits based on security requirement and actual state of transactions.

4.2. If the transaction occurs frequently in an account registered by you or is beyond reasonable circumstances, our professional team will assess and determine whether such transaction is suspicious.

4.3. If we identify a specific transaction as suspicious on the basis of our assessment, we may adopt such restrictive measures as suspending the transaction or denying the transaction, and if it is possible, we may even reverse the transaction as soon as possible, and report to the competent authorities, without, however, notifying you.

4.4. We reserve the right to reject registration applications by applicants that do not comply with the international standards against money laundering or who may be regarded as political and public figures; we reserve the right to suspend or terminate a transaction identified as suspicious based on our own assessment, which, however, does not breach any of our obligations and duties to you.