In accordance with the Seychelles Anti-Money Laundering and Countering the Financing of Terrorism Act 2020, the Anti-Money Laundering and Countering the Financing of Terrorism Regulations 2020, as well as adhering to global best practices, Bounced LTD has devised and put into effect an AML/CFT Program. This program encompasses Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures, all designed to minimize the risk of any involvement in unlawful financial activities. The company's leadership places significant importance on fulfilling AML and CFT regulatory obligations and is dedicated to upholding the Program's requirements with utmost precision.

ANTIFRAUD MEASURES APPLIED TO ONE-OFF TRANSACTIONS
Users have the option to conduct transactions without establishing formal business ties with the Company, utilizing either the Company's website or other accessible communication channels. In such instances, pertinent data is collected, and suitable anti-fraud measures are implemented for these users. If a user surpasses predefined limits or if the Company's management considers it essential to acquire additional transaction details, the user will be prompted to undergo Know Your Customer (KYC) verification.

Furthermore, there may be cases where a user is required to complete KYC verification before executing a transaction, irrespective of the transaction amount.

KNOW-YOUR-CUSTOMER PRINCIPLES
Stringent verification protocols have been established to thwart the misuse of stolen identities or any illicit activities that could potentially facilitate money laundering or terrorist financing.

To successfully complete identity verification, users are required to furnish personal information and their residential address while also submitting document images that corroborate the provided details. Typically, documents like driver's licenses, passports, or national ID cards serve this purpose, along with recent proof of residence for address verification.

Throughout the Know Your Customer (KYC) verification process, the Company adopts a risk-based approach, which may necessitate users to supply additional information regarding the nature of their business relationships and the source of their funds.

The information furnished by users undergoes a comprehensive verification process, encompassing both automated and manual checks, to ensure the authenticity of the submitted documents.

ANTI-MONEY LAUNDERING AND COUNTER-TERRORIST FINANCING MEASURES
The company refrains from extending its services to individuals or entities, both natural and legal, subject to sanctions, which encompass but are not limited to the sanction rosters of Seychelles, OFAC, the United Nations, and the European Union.

The company has formulated its Anti-Money Laundering/Countering the Financing of Terrorism (AML/CFT) measures with the primary aim of forestalling money laundering activities and the financing of terrorism within the platform.

To uphold this policy, compliance officers employ a risk-based approach when monitoring transactional activities on the exchange. Additionally, all transactions on the platform undergo automated scrutiny for any suspicious patterns through the AML system. Should a transaction or a user's activity raise suspicion, a duly trained compliance officer conducts a thorough investigation. It is within the purview of compliance officers to temporarily suspend transactions during the course of such investigations.

User data processing adheres to the guidelines outlined in the company's Privacy Policy.