Fighting and protecting against money laundering

On the marketplace Bitnex any type of money laundering is prohibited. Violations of the terms of use of the trading platform will result in strict opposition. The company operates in accordance with the terms and conditions of the British Joint Steering Group for the Coordination of Currency Legalization, which is part of the International Association for Combating Criminal Proceeds and the Allocation of Terrorist Currency (FATF).

Company Bitnex guarantees the safety of its customers:

• Identification of the identity of the client by issuing copies of documents;
• Maintaining and maintaining records of identification information;
• Management and analysis of customer data for involvement in extremist activities;
• Informing clients about the collection of information that can be used to verify their identity regarding involvement in criminal activity;
• Control and verification of the client's foreign exchange transactions;
• If there is a suspicion of criminal activity, the company refrains from accepting cash, postal orders, outside transactions, transfers from currency exchange offices and urgent money transfers.

The processes that make up the legalization of funds:

• Cash or its modifications enter the financial system, then the trading account makes a small trade, after which the funds are immediately withdrawn;

• Funds are then transferred to other accounts (for example, futures) through a series of cash transactions. These types of transactions hide the source of income;

• At the final stage, the funds are returned to the economy, indicating that they were obtained legally (for example, the futures account is closed and the funds are transferred to a bank account).

Creating trading accounts is considered one of the ways to legalize illegally earned funds and hide their real owner, as well as the source of his income. In the process of combating such turnovers of funds, the company sends funds that have been withdrawn to the client in the same way that they came to the site. Worldwide anti-money laundering regulations require legitimate trading platforms to take steps to prevent, detect and eliminate potentially strange transactions. Bitnex is committed to maintaining and protecting trading platforms and its own clients.