ForexPay strictly abides by global regulations and standards for preventing money laundering and combating terrorist financing to ensure the security of itself and users' digital assets on the ForexPay platform.
In order to prevent money laundering and anti-terrorism, the measures implemented by ForexPay include:"
KYC policy:
ForexPay requires all users to use ForexPay's services after real-name authentication to ensure that the user's identity is authentic and reliable.
AML Policy:
By adopting an automatic monitoring system, ForexPay closely monitors the flow of funds and transaction information in the account, and monitors any abnormal transactions or transactions that can be regarded as money laundering, and regularly upgrade the risk assessment to ensure the initiative and coverage of the platform in AML prevention.
PEP and sanctions list monitoring:
ForexPay searches and controls whether trading partners belong to the sanctioned list and whether there is a political family.
Confirm the source of client funds: ForexPay limits the enumeration of entrainment or transfer of funds that may be based on potential alleged embezzlement.
Employee Awareness Raising:
ForexPay employees receive relevant investigative education and training to ensure that employees clearly understand the importance and necessity of preventing and controlling money laundering.
legal and reasonable:
ForexPay has always been adhering to the principles of fairness, justice, compliance, legality, reasonableness and transparency, and cooperates with prudent banking and financial institutions, strictly abides by relevant domestic and international standards and regulations, and protects the common interests of users and the platform.
ForexPay fully fulfills its anti-money laundering responsibility and assists the global fight against money laundering and anti-terrorism. At the same time, it also reminds users to remain vigilant, strengthen risk management and control, and jointly maintain the order of the financial market and the security of digital asset transactions.
As a provider of digital asset management services, ForexPay reminds users to pay attention to the following risks:
- Legal risk: The legal status of digital currency is different in different countries and regions. Users should understand relevant laws and regulations before using ForexPay's services to ensure that their operations are legal and compliant.
- Technical risk: Although the blockchain technology is highly secure, it also has loopholes, data loss, operational errors and other issues. Users need to be clear about their own risks in using ForexPay and take corresponding preventive measures (such as backing up private keys).
- Market risk: The digital currency market is highly volatile, and prices are affected by various factors. Users need to understand the risks and rules of digital currency market, invest and trade cautiously.
- Transaction risk: When using ForexPay for transactions, users need to confirm the authenticity of transaction object and the accuracy of transaction information to avoid fraud and misoperation.
- Information security risk: Users need to protect their account and password to avoid account theft or password leakage. ForexPay will take a variety of security measures, but it also requires users to protect and manage their accounts and passwords.
- When using various products and services provided by ForexPay, users need to carefully read product descriptions and related terms to ensure that their understanding and operation are correct.
- Risk of regional restrictions: ForexPay may not be able to provide services in some countries and regions, users need to carefully check the scope of services provided by ForexPay before using.
ForexPay is committed to providing users with safe, stable and convenient digital currency management services. However, there are various risks in the digital currency market, and users should understand and bear their own risks before using. ForexPay will continue to strengthen risk management measures to provide better and safer services.