Anti-Fraud & Counter Terrorism Financing Policy

 

In the event of a conflict between Arwena LTD and a Client, terms expressed in English and expressed in any other language, the terms expressed in English shall prevail over those expressed in any other language.

1. INTRODUCTION

Arwena Limited recognizes that decentralized and distributed digital currency and payment systems in which payments are processed and secured by advanced cryptography and distributed computing power instead of a central bank, corporation or government pose a risk of illegal uses (as do all financial systems). Arwena Limited. believes, however, that the legitimate use of math-based currency networks provides untold benefits and efficiencies within the global economy.

Arwena Limited. innovative services and established specific controls address those risks as required by the law. It is the policy of Arwena Limited. to comply with applicable standards regarding anti fraud and identity verification, and to detect and prevent the use of its Service for fraud or to facilitate criminal or terrorist activities.

While Arwena Limited is committed to protecting its users’ privacy, it will not allow people to use its Services to commit fraud or other crimes, finance terrorist activities, or facilitate other illegal conduct.

Having in mind that (1) cryptocurrencies are transferred peer-to-peer, therefore, the “middleman” is cutting out, (2) cryptocurrencies transfers are recorded in the distributed public ledger and anyone has access to these transfers, and (3) the risk that anyone would attempt to use Arwena Limitedplatform to be used for illegal activities is very low, Arwena Limitedaims to prevent and, detect all and any attempt to commit any illegal act by anyone who use its services platform or it is connected with the Company.

The management of The Company places extremely high importance on assisting in discovering any fraud scheme. These policies are to be read by and adhered to by all officers, employees,associates, and agents of The Company.

This Policy applies only to customers who has opened an account with Arwena Limited.

 2. POLICY

Arwena Limitedoffers an online trading platform through beetom.com (“Arwena Limited”) that allows people to place interchange orders on Contracts denominated solely in cryptocurrency. The Company also offers, tools that allows people to deposit or withdraw cryptocurrency units to and from an account via Peer-to-Peer Network. The Company doesn’t offer financial services/investment services/fiat to crypto conversion/crypto to fiat conversion services.

By using Arwena Limitedplatform, customers can open a long or short positions using deposited crypto units as leverage, or hold crypt units indefinitely. In order to prevent any abuse, all crypto deposits and withdrawals form customer accounts must be made from the same cryptocurrency Wallet. For avoidance of doubt cryptocurrency withdrawals must be made to the same cryptocurrency wallet that was used by registered customer. Registered customers are not required to disclose their identities.

3. RECORD KEEPING

When transferring cryptocurrency, the Company will record in its database at least the following information:

  • The execution date of the transmittal order.
  • The Bitcoin Transaction Identifier (“Txid”)
  • The Bitcoin address.
  • The amount of the transmittal order.
  • The Bitcoin trading account number of the recipient.

For each transmittal order that The Company accepts, it will retain in its files any payment instructions received from the transmitter with the transmitter order and any form relating to the transmittal of funds that is completed by the person placing the transmittal.

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Risk warning
XTExchange products are complex derivative contracts and come with a high risk of losing money rapidly due to leverage. These products are not suitable for all users. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money. Seek independent advice if necessary.
This website products and services are provided by Arwena Limited.
Arwena Limited is incorporated in St. Vincent and the Grenadines as an international business company. XTExchange is not required to hold any financial services license or authorization in St. Vincent and the Grenadines to offer its products and services.
XTEXCHANGE DOES NOT ACCEPT ANY USERS OR RESIDENTS FROM UNITED STATES OF AMERICA, JAPAN, SAINT VINCENT AND THE GRENADINES, CANADA, ALGERIA, ECUADOR, IRAN, SYRIA, NORTH KOREA OR SUDAN, UNITED STATES MINOR OUTLYING ISLANDS, AMERICAN SAMOA, RUSSIAN FEDERATION AND THE COUNTRIES OR TERRITORIES WHERE ITS ACTIVITY SHALL BE ESPECIALLY LICENSED, ACCREDITED OR REGULATED BY OTHER WAYS. YOU SHALL CHECK YOUR APPLICABLE LAW AND BE FULLY RESPONSIBLE FOR ANY NEGATIVE IMPACT ARISEN FROM YOUR RESIDENCE COUNTRY REGULATIONS. IF YOU ARE TRAVELLING TO ANY OF THESE COUNTRIES, YOU ACKNOWLEDGE THAT OUR SERVICES MAY BE UNAVAILABLE AND/OR BLOCKED IN SUCH COUNTRIES. PRIOR TO DEALING IN DERIVATIVE COMMERCIAL CONTRACTS WITH MARGIN YOU SHOULD CAREFULLY CONSIDER THE TERMS AND CONDITIONS OF THIS WEB-SITE, TO THE EXTENT NECESSARY, CONSULT AN APPROPRIATE LAWYER, ACCOUNTANT, OR TAX PROFESSIONAL. IF ANY OF THE FOLLOWING TERMS ARE UNACCEPTABLE TO YOU, YOU SHOULD NOT USE THE WEB-SITE, AND TO THE EXTENT PERMITTED BY LAW, YOU AGREE NOT TO HOLD ANY OF THE COMPANY AND ITS RESPECTIVE PAST, PRESENT AND FUTURE EMPLOYEES, OFFICERS, DIRECTORS, CONTRACTORS, CONSULTANTS, EQUITY HOLDERS, SUPPLIERS, VENDORS, SERVICE PROVIDERS, PARENT COMPANIES, SUBSIDIARIES, AFFILIATES, AGENTS, REPRESENTATIVES, PREDECESSORS, SUCCESSORS AND ASSIGNS LIABLE FOR ANY LOSSES OR ANY SPECIAL, INCIDENTAL, OR CONSEQUENTIAL DAMAGES ARISING FROM, OR IN ANY WAY CONNECTED, TO THE TRADING WITH MARGIN, INCLUDING LOSSES ASSOCIATED WITH THE TRADING WITH MARGIN. PLEASE NOTE THAT COMPANY IS IN THE PROCESS OF UNDERTAKING A LEGAL AND REGULATORY ANALYSIS OF BITCOIN TRADING WITH MARGIN. FOLLOWING THE CONCLUSION OF THIS ANALYSIS, COMPANY MAY DECIDE TO AMEND THE INTENDED FUNCTIONALITY IN ORDER TO ENSURE COMPLIANCE WITH ANY LEGAL OR REGULATORY REQUIREMENTS TO WHICH COMPANY IS SUBJECT. WE SHALL PUBLISH A NOTICE ON OUR WEBSITE OF ANY CHANGES THAT WE DECIDE TO MAKE MODIFICATIONS TO THE FUNCTIONALITY AND IT IS YOUR RESPONSIBILITY TO REGULARLY CHECK OUR WEBSITE FOR ANY SUCH NOTICES. ON THE CONCLUSION OF THIS ANALYSIS, WE WILL DECIDE WHETHER OR NOT TO CHANGE THE FUNCTIONALITY OF THE WEB-SITE.
The company does accept only participants:
a. he/she/it is of an age of majority (at least 18 years of age), meets all other eligibility criteria and residency requirements, and is fully able and legally competent to use the Website, enter into agreement with the XTExchange and in doing so will not violate any other agreement to which he/she/it is a party;
b. he/she/it has necessary and relevant experience and knowledge to deal with margin trading, cryptocurrencies and Blockchain-based systems, as well as full understanding of their framework, and is aware of all the merits, risks and any restrictions associated with margin trading, cryptocurrencies and Blockchain-based systems, as well as knows how to manage them, and is solely responsible for any evaluations based on such knowledge;
c. Is not a foreign or domestic PEP.
d. he/she/it will not be using the Website for any illegal activity, including but not limited to money laundering and the financing of terrorism;
Keep in mind that trading with margin may be subject to taxation. You are solely responsible for withholding, collecting, reporting, paying, settling and/or remitting any and all taxes to the appropriate tax authorities in such jurisdiction(s) in which You may be liable to pay tax. XTExchange shall not be responsible for withholding, collecting, reporting, paying, settling and/or remitting any taxes (including, but not limited to, any income, capital gains, sales, value added or similar tax) which may arise from Your participation in the trading with margin. Content, research, tools, and coin symbols are for educational and illustrative purposes only and do not imply a recommendation or solicitation to buy or sell a particular asset or to engage in any particular investment strategy. The projections or other information regarding the likelihood of various investment outcomes are hypothetical in nature, are not guaranteed for accuracy or completeness, do not reflect actual investment results, do not take into consideration commissions, margin interest and other costs, and are not guarantees of future results. All investments involve risk, losses may exceed the principal invested. You alone are responsible for evaluating the merits and risks associated with the use of our systems, services or products.