This Anti-Money Laundering Know-Your-Customer Policy (“KYC Policy”) is developed to prevent money laundering and terrorist financing activity on the Service by meeting the international and domestic legislation requirements and implementation users identification procedure.
As used in the KYC Policy, “Bitok.com”, “we”, “us” or “our” refers to the company BITOK LTD, including, without limitations, its owners, directors, investors, employees and other related persons. Depending upon the context, “Bitok.com” may also refer to the services, products, website, content or other materials provided by Bitok.com.
The United Kingdom Anti-Money Laundering regime is set out in the following acts and regulations:
The Proceeds of Crime Act 2002 (POCA), as amended by the:
The Terrorism Act 2000, as amended by the:
Adherence to the KYC Policy Bitok.com will ensure compliance with all relevant legislation and regulations.
Bitok.com reserves the right to take different measures, including user identification, to prevent money laundering, terrorist financing and other illicit activities by monitoring Users' suspicious activity, i.e. activity which has any elements or features of the Prohibited Conduct listed in the Anti-Fraud Policy.
Bitok.com does not identify each User in general. Nevertheless, Bitok.com shall verify Users whose activity is suspicious.
Bitok.com reserves the right to suspend the Account that is involved in suspicious activity and request the owner of such Account to pass the KYC procedure.
KYC procedure applies to Users suspected in committing illegal transactions. To identify you, we may request you the following documents:
Bitok.com will diligently monitor transactions for suspicious activity. When such suspicious activity is detected the User will be obliged to pass the KYC procedure otherwise access to the Account and all Funds will be frozen until the dispute is resolved.
This KYC Policy may be modified or amended at any time, at the sole discretion of Bitok.com. You acknowledge and agree that it is your own responsibility to review the KYC Policy periodically and become aware of amendments and modifications.
If you do not wish to accept the modified and/or amended KYC Policy, you should not continue to use the Service. Your continued use of the Site and/or the Service following the posting of changes to the KYC Policy will be deemed as your acceptance of those changes.
This Anti-Fraud Policy sets forth the policy of Bitok.com in preventing and deterring fraud, corruption, collusion, money laundering, terrorist financing and any other criminal conduct in Bitok.com activity.
Bitok.com has a commitment to high legal, ethical and moral standards. The public, partners of Bitok.com and Users have the right to expect that Bitok.com implement significant level of protection against any illicit activity.
The Anti-Fraud Policy has been implemented to comply with the current applicable local and international legislation.
Capitalized terms used in this Anti-Fraud Policy have the following meaning:
The Anti-Fraud Commissioner shall have the primary responsibility for preventing, monitoring and investigating Prohibited Conduct occurrences.
Due to abovementioned measures, we may perform identification of any User and/or transaction in accordance with the KYC Policy for detecting evidences of Prohibited Conduct.
In view of the Anti-Fraud Policy we are responsible for:
Where reasonable suspicion that Prohibited Conduct has taken place, Bitok.com is entitled to investigate the matter thoroughly using recognised and legitimate investigative techniques.
The Anti-Fraud Commissioner is the first line of detection, investigation and protection in preventing Prohibited Conduct through the Users and transactions appraisal process.
In certain cases, third-party investigators may be engaged by Bitok.com in order to gather sufficient evidence to hand the case over to the proper authorities. Responsibility for the management of third parties rests with the Anti-Fraud Commissioner.
During the investigation process, the Anti-Fraud Commissioner shall be responsible for:
The Anti-Fraud Commissioner shall have full authority to open, pursue, close and report on any investigation on Prohibited Conduct within its remit without prior notice to, the consent of, or interference from any other person or entity. All investigations will be carried out objectively and confidentially.
We reserve the right to lock User’s Funds on the Account while investigation is in process to ensure prompt and complete investigation procedure.
All Users are required to cooperate with the Anti-Fraud Commissioner promptly, fully and efficiently, including by answering relevant questions and complying with requests for information and records.
All information and documents collected and generated during the Prohibited Conduct investigation, not already in the public domain, shall be kept strictly confidential. The confidentiality of the information collected will be respected both in the interests of those concerned and the integrity of the investigation.
In particular, during a Prohibited Conduct investigation, confidentiality will be respected in so far as it would not be contrary to the interests of the investigation.
The Anti-Fraud Commissioner shall disclose such information and documents only to those persons or entities authorized to receive them or otherwise on a need-to-know basis.
USING OUR SERVICE YOU WARRANT AND GUARANTEE THAT YOU HAVE NO INTENTION TO COMMIT ANY OF PROHIBITED CONDUCT ACTS DESCRIBED HEREIN; FURTHERMORE, YOU CONSENT TO ANY CHECKS DUE TO INVESTIGATION UNDER THE ANTI-FRAUD POLICY AND YOU AGREE TO COOPERATE FULLY AND PROMPTLY WITH THE ANTI-FRAUD COMMISSIONER WITHIN SUCH INVESTIGATION.
This Anti-Fraud Policy may be amended or modified at any time, at the sole discretion of Bitok.com. You acknowledge and agree that it is your own responsibility to review the Anti-Fraud Policy periodically and become aware of amendments and modifications.
If you do not wish to accept the amended/modified Anti-Fraud Policy, you should not continue to use the Service. Your continued use of the Site and/or the Service following the posting of changes to the Anti-Fraud Policy will be deemed as your acceptance of those changes.* * *
IF YOU HAVE ANY INFORMATION REGARDING PROHIBITED CONDUCT WHICH OCCURRED, IS OCCURRING OR IS GOING TO BE OCCURRED PLEASE INFORM US AT firstname.lastname@example.org.