International and local regulations require OÜ Bauhinia.ee, an Estonian company (the “Exchange”), as operator of the Bauhinia Exchange online trading platform (the “Service”), to implement effective internal procedures and mechanisms to prevent money laundering, terrorist financing and other illegal activities, and to take action in case of any suspicious activity by users of the Service (each a “User”).
1 IDENTITY VERIFICATION
1.1 Before using the Service, each User must provide the Exchange with the documents and information set forth below according to the stage of verification.
1) E-mail verification
2) Two Factor Authentication (Google Authenticator)
3) Legal Name
4) Date of birth
5) Phone number
6) Mailing address and Country of residence
8) Passport / Government-issued photo identification: national identity card, driver’s license
9) Photograph of User holding ID
10) Documentary proof of residence address issued within last 3 months
11) Declaration of Self certification and signature
12) Other supplemental documents
1.2 The Exchange will attempt to verify each User’s identity based on the documents and information provided to the Exchange. The Exchange reserves the right to contact the User for verification purposes, and to conduct further investigation (including requesting additional identity verification documents) of any User.
1.3 The Exchange reserves the right to request updated identity verification information from the User at any time (including in the event that a document has expired).
2 TRANSACTION MONITORING
The Exchange reserves the right to monitor Users’ transactions for suspicious activity, to share the
results of this monitoring with government authorities, and to request further information from Users regarding any suspicious transactions.
3 RIGHTS OF THE EXCHANGE
The Exchange reserves the right to decline a User’s transaction(s), freeze a User’s account or suspend or terminate a User’s service if:
(a) the User is subject to general or targeted sanctions in any jurisdiction;
(b) the identity or residence provided by the User appears to be doubtful; or
(c) the User’s transactions on the Exchange appear to be unusual or suspicious.
The Exchange may amend this Policy at any time. Amendments to the Policy will be posted on the
Exchange’s web site.
Last Updated | March 2019