Legal and Regulation
Beijing YUNBI Technology Co. Ltd is a blockchain assets exchange in Beijing. YUNBI organized under the law of China. YUNBI always complies with the policy of Chinese Central Banks. YUNBI has a comprehensive program within its organization to ensure compliance with applicable rules and regulations.
Anti-Money Laundering Statement
Money laundering is the attempt to conceal or disguise the nature, location, source, ownership, or control of money. The Chinese government, using the Peoples Republic of China Anti-Money Laundering Law and other applicable laws, has strict regulations to help prevent money laundering activities.
Also, YUNBI has developed comprehensive polices and procedures to minimize the risk that our services will be used for money laundering purposes.
These polices include as following:
A strong “Know Your Customer (KYC)” framework that provides for risk-based customer identification, verification and due diligence for all clients.
Monitoring and reporting suspicious transactions.
Cooperation with law enforcement and other government agencies.
According to the working rules keep relevant records
Proper training for the employee.
Ongoing audits and testing of the program’s effectiveness.
Pursuant to the Unlawful Internet Gambling Enforcement Act of 2006, YUNBI does not allow transactions intended for unlawful internet gambling. We will stop all identified transfers associated with any such activity.