Anti-Money Laundering and Anti-Terrorist Financing User Guidelines

1: Purpose and Basis 

In view of the fact that money laundering activities will seriously jeopardize the development of digital asset transactions, foster breeding corruption, ruin 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 operational risks of digital asset trading platforms, Tulipex, in order to prevent money laundering and terrorist financing activities, and fully implement the relevant provisions of the anti-money laundering and anti-terrorism financing laws, implements these guidelines in accordance with the provisions of the “Tulipex Anti-Money Laundering Rules”, “User Agreement”, and “Management Measures for Large-value Transactions”.

2: Scope 

This guideline applies to all users trading on the Tulipex platform (hereafter referred to as the “Tulipex Platform”). Users should follow the legal provisions of anti-money laundering and counter-terrorism financing in their country or region, and implement the provisions of these guidelines within the scope of the law in their region. If the user’s country or region has stricter requirements, the user needs to follow these rules.

3: Anti-money laundering and anti-terrorist financing

Anti- money laundering and anti-terrorist financing refer to illegal gains and benefits such as concealing drug crimes, organized crimes, terrorist crimes, smuggling crimes, corruption and bribery crimes, financial fraud crimes, financial management order crimes, etc. In order to prevent criminals from trading through the Tulipex platform, Tulipex, in accordance with the relevant laws and Tulipex anti-money laundering regulations, will take relevant measures to stop these activities and put safeguards in place to detect such activities.

4: Tulipex anti-money laundering regulations 

The relevant rules of Tulipex’s anti-money laundering (including anti-terrorism financing, the same below) include the “Tulipex Anti-Money Laundering Rules”, the “User Agreement”, the “Management Measures for Large-value Transactions”, and these guidelines. If the content specified in this guideline conflicts with other rules, this guideline will apply first.

5: The basic principle of anti-money laundering on the Tulipex platform 

The Tulipex platform conducts user risk monitoring in accordance with the following principles:

  • Comprehensiveness:Tulipex will take into account all kinds of risk factors that users may be suspected of money laundering and take reasonable measures to monitor all users.
  • Prudence:Tulipex will improve the ability to identify users based on a thorough understanding of customers and prudently monitor user
  • Persistence:Tulipex will continue to pay attention to user risks and respond to actual situations.
  • Confidentiality:The user identity information, transaction information and risk level information held by Tulipex  are strictly confidential and will not be provided to any unit or individual in accordance with legal requirements and regulatory requirements.
  • Hierarchical Management:Tulipex shall regularly audit the basic information of users according to their risk levels, and the audit of users with higher risk levels shall be more rigorous than that of users with lower risk levels.

6: Submission of individual user files 

Tulipex individual users should submit the following information and materials in accordance with the Tulipex anti-money laundering regulations:

  • Full legal name;
  • Copy of ID card or passport;
  • Other information or documents that should be provided by Tulipex

7: Submission of institutional client files

Institutional clients should submit the following information and materials in accordance with the Tulipex anti-money laundering regulations:

  • Company name;
  • Company registered office address;
  • Legal representative of the company;
  • Domicile of the company’s legal representative;
  • Business license;
  • Copy of the company’s legal representative ID card or passport;
  • Other information or documents that should be provided by Tulipex

8: User file review

Tulipex will verify and record the relevant information submitted by the user according to the customer identification system in the Tulipex anti-money laundering regulations. If Tulipex has doubts about the information submitted by the user, it has the right to verify the information with the relevant authorities or departments.

9: Monitoring of low-risk users

Tulipex will test low-risk users according to the specific requirements of the Tulipex anti-money laundering regulations. Tulipex reserves the right to make changes to the grade of the low-risk users.

10: Monitoring of high-risk users 

For the high-risk category of users, Tulipex will conduct a semi-annual review, update the basic information of the user’s identity and understand the source of funds, the use of funds, economic status, or business status.

11: User file saving 

Tulipex will take necessary measures to keep user identity information and transaction information for a certain period of time. According to international rules, after the end of the business relationship, the user transaction information should be kept for at least five years from the end of the last transaction.

12: User attention 

Tulipex users should be aware of the following:

  • It is forbidden to lend the user’s own account to others;
  • It is forbidden to rent or lend the user’s ID card;
  • It is forbidden to rent, lend,or disclose important personal financial information such as the user’s account, bank card, passport, password, etc.;
  • Users should actively cooperate with Tulipex for customer identification;
  • Select and use secure third-party financial institutions for payment activities when trading on the Tulipex platform

13: Reporting of suspicious behavior 

If Tulipex users find any account that may be engaged in money laundering or terrorist financing activities when trading on the platform, they can report to Tulipex.

14: Interpretation of the guidelines 

This guide is explained by the Tulipex platform.

15: Effective Date 

These guidelines shall take effect as of the date of publication.