1. Introduction
1.1 We guarantee to strictly abide by and understand the relevant laws and regulations concerning our customers and anti-money laundering, and shall not intentionally violate the anti-money laundering policy. Within the scope of our reasonable control, we will provide you with safe services through necessary financial measures and technologies, and do our best to protect you from the losses caused by the money laundering activities of criminal suspects. 
1.2 Our understanding of your customer due diligence and anti-money laundering policies is a comprehensive international policy framework, encompassing the customer due diligence and anti-money laundering policies in different legal jurisdictions to which you belong. Our robust compliance framework ensures that we meet regulatory requirements and standards both locally and globally, and guarantees the continuous operation of this website. 
2. Understanding of your customers and anti-money laundering policies is as follows:
2.1 The anti-money laundering policy for understanding your customers has been promulgated and is constantly updated to meet the standards stipulated by relevant laws and regulations. 
2.2 Some guidelines and rules for operating this website will be promulgated and updated, and our staff will provide the entire service in accordance with the guidance of these principles and rules. 
2.3 Design and complete the procedures for internal monitoring and control of transactions, such as rigorously verifying identities and establishing a professional team specifically responsible for anti-money laundering efforts. 
2.4 Conduct due diligence and ongoing supervision of customers by adopting risk-prevention methods 
2.5 Review and regular inspection of transactions that have occurred 
2.6 Report suspicious transactions to the relevant authorities 
2.7 The documents proving identity, address, and transaction records will be retained for at least six years. If submitted to the regulatory authorities, no further notice will be given to you. 
2.8 During the entire transaction process, credit cards are prohibited from being used. 
2.9 Regularly participate in training sessions organized by relevant authorities and provide regular training to employees 
3. Identity Information and Verification Confirmation
3.1 Identity Information 
3.1.1 Depending on the different regulations of different jurisdictions and the different types of entities, the information we collect from you may vary. In principle, we will collect the following information from registered individuals: 
Personal Information: His/her name, address (and permanent address, if different), date of birth, nationality and other available information. Identity verification should be conducted based on official or similar authoritative documents issued by agencies, such as passports, identity cards, or other identity proof documents required by different jurisdictions. The address you provide will be verified using appropriate methods, such as checking transportation tickets or voter registration records. 
Valid photo: Before you register, you must provide a photo showing your ID card placed against your chest. 
Contact information: Telephone number / Mobile phone number and valid email address 
3.1.2 If you are a company or any other legal entity, we will collect the following information to determine the ultimate beneficiary of you or the trust account. 
Company registration, registration certificate; copies of the company's articles of association and memorandum; detailed proof materials regarding the company's equity structure and ownership, certifying the authorization and decision of the board of directors that determined the opening of this website account and its execution; identity documents of the company's directors, major shareholders, and the signatories of this website account who have the authority to sign, as required; the company's main business address. If it is different from the company's mailing address, provide the mailing address. If the company's local address is inconsistent with its main business address, it will be regarded as a high-risk customer and additional supporting documents need to be submitted. 
Depending on the different regulations of different jurisdictions and the different types of entities, the other certifications we require, the documents issued by authoritative departments, and the documents we deem necessary. 
3.1.3 We only accept identity information in either English or Chinese versions. If not, please have your identity information translated into the English version and have it notarized. 
3.2 Confirmation and Verification 
3.2.1 We request that you provide both sides of your identification document. 
3.2.2 We request that you provide a photo showing your identification document placed on your chest. 
3.2.3 Copies of the supporting documents should generally be verified against the original vouchers. However, if a reliable and appropriate certifying authority can prove that the copy is an accurate and complete reproduction of the original document, the copy can be accepted. Such certifying authorities include ambassadors, judicial commissioners, local sheriffs, etc. 
3.2.4 The requirements for identifying the ultimate beneficial owner and account control rights are to determine which individuals ultimately own or control the direct client, and/or to determine whether the ongoing transactions are being executed on behalf of others. If it is an enterprise, the identity of the major shareholders (such as those holding 10% or more of the voting rights) should be verified. Generally, a 25% stake is considered within the normal risk range, and the identity of the shareholders must be verified; when the stake is 10% or there is more voting rights or shares, it is considered a high-risk situation, and the identity of the shareholders must be verified. 
4. Monitoring of Transactions
4.1 We constantly set and adjust the maximum daily transaction and withdrawal limits based on security and actual transaction conditions. 
4.2 If the transactions occur frequently and concentratedly on your account or if they are beyond what is reasonable, our professional team will assess and determine whether they are suspicious. 
4.3 If we, based on our own judgment, determine that a transaction is suspicious, we may take restrictive measures such as suspending or rejecting the transaction. We may even reverse the transaction as soon as possible and report to the relevant authorities, but we will not notify you. 
4.4 We reserve the right to reject the boarding applications from individuals from jurisdictions that do not comply with international anti-money laundering standards, or from individuals who can be regarded as political public figures. We also reserve the right to suspend or terminate transactions that, in our own judgment, are suspicious, but doing so does not violate any obligations or responsibilities towards you. 

Bitnuk Team