The Guidelines for Anti-Money Laundering and Counter-Terrorist Financing on XT.COM serves as a supplementary document to the User Agreement and applies to all users in conjunction with the User Agreement and other terms.
Article 1: Scope of Application
These guidelines apply to all users trading on the XT platform (hereinafter referred to as "XT.COM"). Users are required to comply with the anti-money laundering and counter-terrorist financing laws of their country or region, and implement the provisions set forth in these guidelines as mandated by their local laws. In instances where a user's country or region enforces more stringent requirements, those regulations must be adhered to.
Article 2: Anti-Money Laundering and Counter-Terrorist Financing
Anti-money laundering and counter-terrorist financing pertain to the actions taken to hinder criminals from exploiting XT.COM for transactions that obscure and conceal the origins and characteristics of proceeds generated from unlawful activities. Such activities include drug-related crimes, organized criminal activities, terrorist acts, smuggling, corruption, bribery, financial fraud, and offenses that undermine financial order. These preventive measures are executed in compliance with applicable laws and anti-money laundering regulations.
Article 3: Fundamental Anti-Money Laundering Principles on XT.COM
XT.COM carries out customer risk monitoring based on the following principles:
- Risk Assessment
XT.COM takes into account all potential risk factors related to money laundering and employs a reasonable method to monitor the risk for all customers.
- Customer Due Diligence (CDD)
With a comprehensive understanding of the customers' backgrounds, XT.COM enhances its ability to identify customer identities and conducts risk monitoring activities cautiously.
- Ongoing Monitoring
XT.COM continuously focuses on customer risks and adjusts its response according to the actual situation.
- Strict Confidentiality
XT.COM ensures the confidentiality of customer identity information, transaction data, and risk level assessments. It will not disclose such information to any entity or individual unless required by law or regulatory demands.
- Tiered Management
XT.COM reviews customer information periodically based on their risk levels. The evaluation process for high-risk customers is more stringent than for those with lower risk.
Article 4: XT Users Shall Adhere to the Following Guidelines
- Users are prohibited from lending, renting, transferring, or handing over their accounts to others.
- Users are forbidden from renting or lending their personal identification documents.
- Users are prohibited from renting, lending, or disclosing their account information, bank cards, passbooks, passwords, or other critical personal financial information.
- Users shall cooperate with XT.COM for customer identity verification.
- Users of XT.COM are required to use trustworthy third-party financial institutions for conducting payment activities to ensure secure and reliable transactions.
Article 5: Reporting Suspicious Activities
Users of XT.COM should report any account involved in money laundering or terrorist financing activities while trading to XT.COM.
Article 6: Interpretation of the Guidelines
These guidelines are to be interpreted by XT.COM.
Article 7: Effective Date
These guidelines will be effective and enforced from the date of publication.