# Anti-money-laundering and anti-terrorist financing policies Introduction This Anti-Money Laundering and Anti-Terrorist Financing Policy (hereinafter referred to as “the Policy”) should read as follows: User Protocol Privacy statements Risk tip Read together. Unless otherwise defined in this policy, the terms used in this document should be consistent with those defined in the above-mentioned document. This policy is intended to provide a general description and does not constitute a legal constraint on any individual or entity. II. Policy objectives EXBIT is committed to establishing a compliance system that is consistent with applicable laws and regulations and industry best practices. The Platform maintains a zero-tolerance policy\*\* for: Money-laundering Financing of terrorism Transactions of sanctioned entities High-risk illicit funds activities These acts may: Platform security User rights Global financial system This has serious implications. EXBIT does business globally and in accordance with international standards, including: FATF recommendations If the legal and regulatory requirements of the user ' s location are stricter, local law prevails. Core principles (a) Risk-based multilevel approach EXBIT . i. Customer Due Diligence (CDD) Identification and background assessment of all clients. ii. Strengthening due diligence (EDD) Additional review of high-risk clients. iii. Ongoing monitoring Continuous monitoring of clients and transactions. (b) High ethical standards EX upholds high standards of business ethics and avoids creating anything that might involve: Money-laundering Business relations in terrorist financing. (c) Regulatory cooperation To the extent permitted by law, EXBIT will cooperate with the investigative and regulatory requirements of regulatory and enforcement agencies. 1\. Risk-based approach EX Conducts ongoing risk assessments to identify potential risks and update internal control mechanisms. The scope of the risk evaluation includes: Client type Products and services Geographical location Main measures Risk identification: analysis of customer identity, transaction behaviour and area risk Risk classification: classified as low, medium and high Ongoing assessment: adjusted to changing business and regulatory dynamics 2\. Customer Due Diligence (CDD) EXBIT Pertify all customers and do not accept: Anonymous accounts False identity accounts If it is discovered that the customer's funds may be involved in illegal activities, téRM 0 will: Refusal to establish a relationship Submission of Suspicious Transaction Reports (STR) Reporting to relevant bodies CDD startup scenario When establishing a business relationship When trading takes place When receiving transfer of assets In case of suspicious acts When information is in doubt Client information collection Natural persons: Name Date of birth Home address Nationality Contact information Legal entities: Company name Registration Information Directors and management information Actual beneficiaries (UBO) Nature of operations and source of funds Authentication file This includes, but is not limited to: Passport/ ID card Address certificate Company registration documents Digital authentication technology Bioidentification Document authenticity testing 3\. Strengthening due diligence (EDD) Applicable to high-risk clients, including: Political public figures (PEP) Users in high-risk areas Complex corporate structures Unusual trading behaviour EXBIT will take: Depth information verification Continuous monitoring Risk assessment 4\. Ongoing monitoring EXBIT continuously monitors transactions, including: Unusual mode High transactions Frequent transactions Cross-border transactions Adopt: Automatic monitoring system Manual clearance 5\. Sanctions screening EXBIT Screening based on international sanctions lists, including: United Nations EU UK (HMT) Singapore (MAS) Australia (DFAT) Limited area (example) Korea, Iran, Syria, Cuba Sanctions-related accounts will: Suspension of transactions Assets freeze Report to the police. VIII. Travel rules EXBIT Compliance with FATF Recommendation 16: The collection of information includes: Sender Information Receiver Information Amount and time of transaction Data saved for at least 5 years Transaction reports EXBIT will fulfil its regulatory reporting obligations, including: Suspicious activity reports (SAR) Record-keeping Records kept for not less than 5 years 6\. Staff training EXBIT regularly conducts AML/CTF training, including: Risk identification Reporting process Compliance, Audit and evaluation Review at least once a year Update policy in response to regulatory changes Virtual asset risk assessment EX will assess: Anonymous Compliance Historical risks High-risk assets may: Delay going online Deny access Regulatory cooperation EXBIT will cooperate with: Audit Investigations Information request Policy updates The policy will be updated regularly to comply with: Legal requirements Industry standards User security responsibilities User needs: Protect Account Information Timely reporting anomalies 7\. Language description If there is a discrepancy in the multilingual version: based on the English version Contact us. If you have any questions, please contact: Client service support Data protection mailbox (recommended to use enterprise mailbox) --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://exbit-1.gitbook.io/exbit-docs/help-center/ying-wen/exbit-help-center/compliance/anti-money-laundering-and-anti-terrorist-financing-policies.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.