Disclaimer
1. Purpose
To maintain a sound and compliant digital asset trading platform, we have established and implemented a series of Anti-Money Laundering (AML), Countering the Financing of Terrorism (CFT), and Trade and Economic Sanctions programs ("AML/CFT/Sanctions Programs" or "Programs"). We are committed to promoting legal, transparent business activities, maintaining a good reputation among users, regulatory authorities, and the digital asset industry.
2. Business Model
We are a global digital asset trading platform, also known as a trading marketplace, where traders engage in transactions as buyers and sellers, commonly referred to as market makers and market takers. For clarity, transactions occur between buyers and sellers, and Global HibtHub does not participate in the actual transactions.
Disclosure: Trading involves risks. The risk of loss associated with trading or holding digital assets can be substantial. Therefore, you should carefully consider whether trading is suitable for you based on your financial situation.
3. Regulatory Environment
We recognize that regulatory authorities employ various approaches to regulate and classify digital assets, including defining or categorizing them as convertible virtual currencies (FinCEN in the United States) or virtual commodities (Hong Kong). As a trading platform, we consider all digital assets provided on the Global HibtHub platform as innovative alternative asset categories; thus, digital assets should not be referred to as money or currency.
Disclosure: Digital assets are not money or legal currency. Digital assets like Bitcoin and Litecoin are not backed by any government or central bank. Our interpretations of regulatory approaches by various government agencies may evolve over time; however, we will consistently comply with the regulatory framework in the countries where we operate. Additionally, Global HibtHub does not serve customers from certain regions, including Hong Kong (specifically regarding derivative-related services provided to retail users), Cuba, Iran, North Korea, Crimea, Syria, Malaysia, the United States [including all U.S. territories such as Puerto Rico, American Samoa, Guam, the Northern Mariana Islands, and the U.S. Virgin Islands (Saint Croix, Saint John, and Saint Thomas)], the United Kingdom (specifically regarding derivative-related services provided to retail users), Bangladesh, Bolivia, and Malta.
We collaborate with government authorities and adhere to applicable regulations. As responsible corporate citizens, law enforcement agencies may request information from us, and if the law allows, we will provide assistance in enforcing investigations to track and prevent illegal activities. This also means that our platform is only suitable for law-abiding customers. We aim to provide you with services while ensuring that you act legally and lawfully on our platform.
4. Our AML/CFT Programs
Through a risk-based, multi-layered control system, we have designed our AML and CFT programs to reasonably prevent money laundering and terrorist financing.
The first layer of the program includes rigorous user identification procedures, verifying the identities of individual and corporate users. In addition to obtaining identification documents, we also obtain information about the beneficial owners/natural persons of non-natural person users, meeting international standards such as those set by the Financial Action Task Force (FATF).
The second layer involves risk-based system controls to ensure additional customer due diligence is performed. To achieve this, we screen users (including beneficial owners) against lists published in the Hong Kong Government Gazette, "Office of Foreign Assets Control (OFAC) Sanctions List" in the United States, and "United Nations Security Council Sanctions List," as well as other sanctioned lists. We may also screen against other lists at our discretion to protect our reputation and customers.
The third layer includes continuous monitoring of suspicious activities. If we suspect or have reason to suspect suspicious transaction activities, we will, at our discretion, submit suspicious transaction reports to local regulatory authorities. Typically, suspicious transactions involve activities inconsistent with known legitimate business or individuals' daily transaction activities.
The above constitutes the main components of our compliance plan. However, the most critical link in these multi-layered risk control systems is our leadership team and staff, including AML/Compliance personnel who conduct training, supervision, and foster a strong compliance culture.
5. Risks
Digital asset trading is considered high-risk. Digital assets are not supported by any government or central bank. The risk of trading or holding digital assets can be substantial. You should carefully consider whether interacting, holding, or trading digital assets is suitable for you based on your financial situation.
6. Contact Information
If you have questions about our customer due diligence controls or need our assistance, please feel free to contact us anytime through online chat or by sending an email to: support@globalhibthub.com
7. Version
This "Risk Disclosure & Disclaimer" may be published in different languages. In case of any discrepancies, the English version shall prevail.