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Politics  AML and KYC


Last revision: April 1, 2021

Anti money laundering policy and know your client (AML&KYC)

In order to protect the Assets of our clients and ensure compliance with international trade standards, we operate exclusively in accordance with the legislation on the fight against illicit money laundering and the financing of terrorism. To monitor compliance with legal requirements and FATF recommendations, we have established a Compliance department that develops Anti-Money Laundering and Know Your Customer (AML / KYC) procedures, mandatory for all employees and determining the commitment policy with anyone who has registered. on the website The Compliance Department aims to ensure that all Company operations are consistent with international standards to combat money laundering and that all documents provided by the Client are up to date and comply with the relevant legal requirements. By registering on our Website, the Client fully and unconditionally accepts the conditions of the policy, agrees with the following rules and undertakes to observe them:

  1. All Bullkens partners are treated the same, so the AML (Anti Money Laundering) requirements are the same. The only difference may be the levels (levels) for requesting additional information from clients who trade only cryptocurrencies and from clients who trade cryptocurrencies and fiat money. The specific requirements and limits applied are specified in this AML&KYC policy.

  2. If you successfully pass the KYC associated with the corresponding level, you will get all the benefits provided for this level. We usually try to get the KYC procedures done as soon as possible, however, in separate circumstances, it may take several days;

  3. If you are a corporate or institutional client, you should consult this AML&KYC policy with the corresponding department;

  4. At the request of the Company, the partner must provide the additional documents and information. The completion of the respective KYC questionnaire may also be a mandatory requirement under the exclusive decision of the Company. The Client agrees to such requirements of the Company and undertakes to follow them;

  5. The withdrawal of Assets is made only to the account belonging to a person identified as a member of the Company. Withdrawal of Assets to third parties is prohibited. Internal transfers between clients of the Company are also prohibited.

  6. The Company is obligated and has the right, without obtaining prior consent, to share with financial institutions and law enforcement agencies any information about the Client, as required by applicable law, and the Client grants the Company your consent to these actions. To comply with this paragraph, the Company keeps a record of the Client's transactions for at least five years.

  7. The Client undertakes to follow the legislation, including international legislation, with the aim of combating illicit traffic, financial fraud, money laundering and the legalization of funds obtained by illegal means. The Client undertakes to use its best efforts to avoid direct or indirect participation in illegal financial activities and any illegal transactions using the Company's Website and Services.

  8. The Client guarantees the legal origin, legal ownership and the right to use the Assets transferred to his account.

  9. In case of evidence of suspicious transactions in the Client's account, replenishment of cash from unreliable sources (for example, the data of the sender of the Assets and the owner of the Trading Room are different) and/or any action with attributes of fraud (including any refund or reversal of payments), the Company reserves the right to conduct an internal investigation, block or close the Client's Trading Room or any Account, cancel any payment order or trade and suspend trading on the Accounts before the end of the official investigation. In making the decision, the Company is guided by the provisions of the applicable law.

  10. The Company has the right to request additional information about the Client if the Asset withdrawal method is different from the deposit method. The Company also reserves the right to block the Client's Trading Room or any Account during the investigation if the Client refuses to provide the additional information requested by the Company.

  11. In the course of the investigation, the Company has the right to request additional copies of documents confirming the identity of the Client, as well as copies of bank cards used to replenish the account, payment documents and other documents confirming legal possession and origin law of the funds. . The Company also has the right to demand the delivery of original documents for review in case of doubt by the Company.

  12. The Company does not provide Services to persons located in jurisdictions identified by the FATF as high-risk and non-cooperative jurisdictions that have strategic AML/CFT deficiencies, namely:

Verification measures for corporate and institutional clients

This policy applies only to corporate and institutional Clients. This category of Customers has to go through the mandatory enhanced verification process.

We reserve the right to deny you services if it is found during the verification process that you do not meet our KYC requirements. We also have the right to terminate our existing relationships with you at any time should you be deemed to be in violation of our KYC requirements.

Upon our request, you must provide any additional documents and information, and your refusal to provide such documents or information may also lead to our refusal or termination of the provision of services.

To open a Trading Room as a corporate or institutional Client, keep in mind that you must have the necessary powers of attorney from your company to complete the requested form. Also submit corporate documents requested by the company.

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