To maintain the security, compliance, and stable operation of the digital asset trading market, and to prevent money laundering, terrorist financing, and other illegal criminal activities from using the platform for illicit fund transfers, the SaviCoin platform has strictly established and continuously improved its Anti-Money Laundering (AML) and Counter-Terrorism Financing (CFT) risk control system.
All users are requested to carefully read and comply with this guide before using the platform services.
Chapter 1 Purpose and Basis
Considering that money laundering and terrorist financing activities may:
• Harm the healthy development of the digital asset industry
• Facilitate illegal criminal activities
• Damage users' legitimate rights and interests
• Disrupt the normal operational order of the platform
• Increase financial and compliance risks
The SaviCoin platform, in order to fully fulfill its legal obligations related to Anti-Money Laundering (AML) and Counter-Terrorism Financing (CFT), has formulated this user guide based on:
• "SaviCoin Anti-Money Laundering Rules"
• "User Service Agreement"
• Internal platform risk control systems
• Relevant laws, regulations, and regulatory requirements.
Chapter 2 Scope of Application
This guide applies to:
All users conducting the following activities on the SaviCoin platform:
• Registration
• Login
• Deposits
• Withdrawals
• OTC trading
• Contract trading
• Digital asset trading and other related services.
Users must comply with the relevant laws and regulations regarding:
• Anti-Money Laundering
• Counter-Terrorism Financing
• Financial regulation
• Sanctions management
applicable in their country or region.
If the laws and regulations of the user's location impose higher requirements than this guide, the local laws and regulations shall prevail.
Chapter 3 Basic Definitions
Anti-Money Laundering (AML) and Counter-Terrorism Financing (CFT) refer to:
A series of risk control measures taken by the SaviCoin platform to prevent criminals from using the platform to conceal or disguise the proceeds and sources of illegal activities and their nature.
This involves but is not limited to the following illegal criminal activities:
• Drug-related crimes
• Terrorist activities
• Organized crime with mafia characteristics
• Smuggling crimes
• Corruption and bribery crimes
• Financial fraud crimes
• Crimes disrupting financial regulatory order
• Illegal fundraising
• Online gambling
• Telecommunications fraud
• Illegal fund transfers and other criminal acts.
Chapter 4 Platform Regulatory System
The SaviCoin platform's AML and CFT regulatory system includes:
• "SaviCoin Anti-Money Laundering Rules"
• "User Service Agreement"
• Platform risk control rules
• Platform KYC (Know Your Customer) authentication rules
• Platform compliance management system
In the event of any conflict between this guide and other platform rules, the content of this guide shall prevail.
Chapter 5 Basic Principles
The SaviCoin platform conducts customer risk management and anti-money laundering work according to the following principles:
1. Principle of Comprehensiveness
Comprehensively assess various money laundering risk factors and implement risk identification and monitoring for all users.
2. Principle of Prudence
Enhance user identity verification capabilities and prudently assess user transaction and account risks.
3. Principle of Continuity
Implement dynamic and continuous monitoring of user risk levels and transaction behaviors.
4. Principle of Confidentiality
Strictly protect user identity information, transaction information, and risk level information.
Without legal or regulatory requirements:
The platform will not disclose relevant information to unrelated third parties.
5. Principle of Tiered Management
Implement differentiated review, monitoring, and risk control mechanisms based on different user risk levels.
Chapter 6 Individual User Authentication Requirements
Individual users must submit the following information and documents as required by the platform:
• Real name
• Valid identification document
(ID card / passport, etc.)
• Clear photo or scanned copy of the identification document
• Contact phone number
• Email address
• Facial recognition verification information
• Other supplementary materials or documents required by the platform
Users must ensure that the submitted materials are true, complete, and valid.
Chapter 7 Institutional User Authentication Requirements
Institutional users must submit the following information and documents as required by the platform:
• Full company name
• Company registered address
• Legal representative information
• Copy of business license
• Copy of legal representative’s identification document
• Information on the company’s actual beneficial owners
• Company equity structure information
• Company business-related documents
• Other supplementary materials required by the platform
The platform reserves the right to request additional authentication materials from institutional users based on risk conditions.
Chapter 8 User Information Review
The SaviCoin platform will:
• Review, verify, and record the information submitted by users
• Reserve the right to verify the authenticity of materials with relevant authorities
• Conduct focused reviews on abnormal, suspicious, or high-risk accounts
For accounts with risks or abnormalities:
The platform has the right to take the following risk control measures:
• Restrict transactions
• Restrict withdrawals
• Freeze accounts
• Suspend services
• Request supplementary materials
Until the user completes verification or the risk is resolved.
Chapter 9 Risk Level Management
The SaviCoin platform will classify users’ risk levels based on:
• User identity information
• Source of funds
• Transaction behavior
• Risk regions
• Account activity
• Historical risk records and other factors.
1. Low-Risk Users
The platform will conduct:
• Periodic random checks
• Routine risk monitoring
and reserves the right to dynamically adjust risk levels.
2. High-Risk Users
The platform may:
• Conduct a comprehensive review every six months
• Update identity verification materials
• Verify sources and uses of funds
• Strengthen monitoring of transaction behaviors
When necessary, the platform has the right to request additional proof materials from users.
Chapter 10 Information Retention Policy
In accordance with relevant laws and regulations, the SaviCoin platform will legally retain the following materials:
User identity information
For at least 5 years after the business relationship ends.
User transaction records
For at least 5 years after the transaction is completed.
The platform will take reasonable security measures to protect user data security.
Chapter 11 User Precautions
Users should comply with the following requirements when using the platform services:
• Strictly prohibit lending or renting accounts to others
• Strictly prohibit buying, selling, renting, or lending identification documents
• Properly safeguard account, password, verification code, and other important information
• Properly safeguard bank cards and payment account information
• Actively cooperate with the platform to complete identity verification and review
• Use legal, secure, and reliable payment channels for transactions
• Avoid large transactions with unidentified users
• Avoid participating in any illegal fund transaction activities
If risks or losses occur due to user violations, the user shall bear the related responsibilities.
Chapter 12 Suspicious Behavior Reporting
If users discover the following abnormal or suspicious behaviors:
Please report to the platform immediately:
• Abnormal account transaction patterns
• Abnormal fund flow activities
• Attempts to evade platform risk control measures
• Use of false identity information
• Identity impersonation
• Suspected money laundering activities
• Suspected terrorist financing activities
• Other illegal or irregular activities
Reporting methods:
Users may report through:
• Platform online customer service system
• Official customer service email
Official reporting email: support@savicoin.io
Chapter 13 Supplementary Provisions
This guide is interpreted by the SaviCoin platform.
The SaviCoin platform reserves the right to update and adjust this guide based on:
• Changes in laws and regulations
• Changes in regulatory policies
• Platform business development needs
• Risk control needs
Updated content will take effect officially after platform announcement.
The SaviCoin platform will continuously improve its anti-money laundering and counter-terrorism financing system,
jointly maintaining with global users a:
• Safe
• Compliant
• Fair
• Stable digital asset trading environment
Comments
0 comments
Article is closed for comments.