- Purpose and basis of formulation
In view of the fact that money laundering activities will seriously harm the development of digital asset transactions, encourage and breed corruption, undermine the social atmosphere, damage the legitimate rights and interests of users, undermine the foundation of the stable operation of digital asset trading platforms, and increase the legal and operation of digital asset trading platforms. In order to prevent money laundering and terrorist financing activities, and fully implement the relevant provisions of the anti-money laundering and anti-terrorist financing laws, this guide is formulated by Biking.
- Scope of application
This guide is applicable to all registered users on the Biking platform (hereinafter referred to as the "platform"). Users shall comply with the laws and regulations on anti-money laundering and anti-terrorism financing in the country or region where they are located, and implement the provisions of these guidelines within the scope of the laws and regulations of the region where the users are located. If the country or region where the user is located has more stringent requirements, follow its regulations.
- Anti-money laundering and anti-terrorist financing
It refers to the illegal income and proceeds of crimes such as crimes of corruption and bribery, crimes of financial fraud, crimes of disrupting the order of financial management, etc. The source and nature of money laundering activities, the act of taking relevant measures in accordance with relevant laws and relevant regulations on Anti-Money Laundering.
- Basic principles of platform anti-money laundering
The platform carries out customer risk monitoring work in accordance with the following principles:
The principle of comprehensiveness. The platform will comprehensively consider various risk factors that customers may be involved in money laundering, and adopt reasonable methods to monitor all customers' risks.
The principle of prudence. On the basis of fully understanding customers, the platform will improve its ability to identify customers and prudently monitor customer risks.
The principle of sustainability. The platform will continue to pay attention to customer risks and respond appropriately according to the actual situation.
The principle of confidentiality. The customer identity information, transaction information, and risk level information held by the platform will be strictly confidential, and will not be provided to any unit or individual unless it is in accordance with legal regulations and regulatory requirements.
The principle of hierarchical management. The platform regularly reviews the basic customer information stored according to the customer's risk level. The review of customers with higher risk levels should be stricter than the review of customers with lower risk levels.
- User file review
The platform will verify and record the relevant information submitted by the customer in accordance with the customer identification system in the relevant regulations of Biking anti-money laundering. If the platform has any questions about the information submitted by the customer, it has the right to verify with the relevant competent authority or department.
- Low-risk user monitoring
The platform will detect low-risk users in accordance with the specific requirements of the Anti-Money Laundering Regulations of the Biking, and the platform reserves the right to adjust the level of low-risk users.
- High-risk user monitoring
For high-risk customers, the platform will conduct an audit every six months to update the basic information of the customer's identity and understand the source of funds, use of funds, economic status, or operating status.
- Matters needing attention
Users should pay attention to the following:
It is forbidden to lend the user's own account to others for use;
It is forbidden to rent or lend the user's personal ID card;
It is forbidden to rent, lend, reveal the user's own account, password and other important personal property information;
Users should actively cooperate with the platform to identify customers;
- Suspicious behavior report
If platform users find that any account may be engaged in money laundering or terrorist financing activities during platform transactions, users can report to the platform.