Guidelines against Money Laundering and Terrorist Financing
Article 1 Purposes and Basis.
In view of the fact that money laundering will undermine the development of the digital
asset trading, facilitate and breed corruption, pollute social morality, damage the
legitimate rights and interests of Users, destroy the foundation for the sound operation of
digital assets trading the Platforms, increase the legal and operational risks of digital
assets trading the Platforms, SaBi formulates these Rules in accordance with the User
Agreement of SaBi Website, the User Agreement of SaBi APP and other documents of
the company, so as to prevent money laundering and terrorist financing, fully perform
relevant regulations against money laundering and terrorist financing.
Article 2 Scope of Application. These Rules shall apply to all Users trading on the
website of SaBi and the APP thereof (hereinafter referred to as "the Platform"). The
Users shall implement the provisions of these Rules in accordance with the anti-money
laundering and anti-terrorist financing laws and regulations of the country or region where
they are located and within the scope prescribed by the laws and regulations of the
region or country where they are located. Where there are stricter requirements in the
country or region where the Users are located, such requirements shall prevail.
Article 3 Fight Against Money Laundering and Terrorist Financing. It refers to the
activities in which measures are adopted pursuant to relevant laws and relevant rules and
regulations of the Platform, for the purpose of preventing money laundering activities that
are carried out by offenders through the Platform for the purpose of covering up and
concealing the source and nature of the proceeds and profits that such offenders obtain
through such crimes as those relating to narcotics, organized crimes, terrorism,
smuggling, graft, bribery, financial fraud, breach of financial regulation and order, inter
Article 4 Relevant Rules and Regulations of the Platform against Money
The rules and regulations of SaBi against money laundering (including
terrorist financing; the same hereafter) include this Guidelines, sections concerning
money laundering in the User Agreement of SaBi Website and the User Agreement of
SaBi APP. In the event of any conflict between this Guidelines and the money laundering
sections of sections concerning money laundering in the User Agreement of SaBi
Website and the User Agreement of SaBi APP, this Guidelines shall prevail.
Article 5 Basic Principles of the Platform against Money Laundering.
The Platform monitors User risks according to the following principles:
(1) The Platform will take into account all kinds of
risk factors on the basis of which Users may be suspected of money laundering, and
monitor risks of all Users in an appropriate manner.
(2) On the basis of fully understanding the Users, the Platform
will improve its ability to authenticate User identities, and monitor User risks in a prudent
(3)y . The Platform will pay sustainable attention to User risks
and respond to risks on the basis of actual and specific circumstances of each risk.
(4)y . The User identity information, transaction information
and risk level held by the Platform shall be kept strictly confidential and shall not be
provided to any entity or individual unless it is required by laws or regulatory authorities.
(5) The Platform will regularly review the basic
information of the Users according to the risk level of each User. And the review of Users
with a higher risk level shall be stricter than that of Users with a lower risk level.
Article 6 Responsible Organ. The Platform carries out operations against money
laundering via a guidance group for money laundering affairs and a team for advancing
the fight against money laundering, each of which shall consist of members from the risk
control department and compliance department of the Platform.
Article 7 Functions of the Responsible Organ.
The guidance group for money laundering affairs is responsible for planning, guiding and
coordinating the money laundering affairs of the Platform, with its specific responsibilities
including the following:
(1) to review and approve money laundering policies of the Platform, work plans and
work reports of the Platform on money laundering;
(2) to promulgate and update the guiding principles and rules of the Platform against
(3) to review the organizational structure and designation of posts of the Platform and
sub-websites thereof against money laundering;
(4) to design and complete procedures for internal inspection and control of transactions;
(5) to study major and difficult problems relating to money laundering and to form