Policy Statement

RankMarket firmly prohibits and actively prevents any form of money laundering, as well as activities that may assist in money laundering or fund terrorism and related activities. RankMarket requires its management, employees, and affiliates to strictly adhere to the anti-money laundering policy, ensuring that the company's services are not used for illegal purposes.

Legal Basis

RankMarket operates in areas where there are strict anti-money laundering (AML) regulations. We are committed to cooperating with local financial management departments. RankMarketcomplies with relevant international standards and local legislation and jurisdiction requirements, strengthens and adjusts our internal monitoring mechanism, and cracks down on relevant illegal activities.

The formulation and implementation of this policy are based on, but not limited to, the following international and regional regulations and guidelines:

1.The FATF Recommendations on Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT), issued by the Financial Action Task Force (FATF), recognized globally as the international standard for AML/CFT.

2.The Bank Secrecy Act (BSA) and its supplementary regulations, including Section III of the USA PATRIOT Act, which apply to transactions within the United States and those involving the U.S. financial system.

3.The European Union’s Sixth Anti-Money Laundering Directive (6AMLD), which establishes a unified definition of money laundering offenses, corporate liability frameworks, and mechanisms for cross-border cooperation.

4.The Anti-Money Laundering and Counter-Terrorist Financing Ordinance (AMLO) of Hong Kong, a key piece of AML legislation under the regulatory framework of the Hong Kong Special Administrative Region.

5.The South Korean Act on Reporting and Using Specified Financial Transaction Information, which sets forth specific regulatory requirements for financial transactions, virtual assets, and user identity verification.

RankMarket also continuously monitors the latest regulatory guidelines and announcements issued by financial authorities in various countries to ensure that its compliance measures remain aligned with industry best practices.

Transaction Monitoring and Assessment

1.We provide regular anti-money laundering (AML) compliance training to all employees involved in handling user funds and data, and have established a dedicated compliance team responsible for reviewing high-risk activities.

2.We determine each user's risk level based on specialized risk control strategies, which serves as a basis for assessing whether their transactions are abnormal.

3.We continuously establish and adjust daily transaction and withdrawal limits based on security requirements and actual transaction behavior.

4.We conduct strict reviews of transactions originating from countries or regions listed as high-risk by the Financial Action Task Force (FATF) and implement corresponding risk control measures to ensure the compliant operation of the platform.

5.If your account exhibits frequent suspicious activities, we will conduct an evaluation to determine whether the related transactions are suspicious.

6.If we confirm a transaction as suspicious after evaluation, we may take measures such as suspending or rejecting the transaction. If necessary, we will cancel the transaction and report the suspicious activity to the relevant financial intelligence authorities, and you may not receive a notification.

7.If we believe that a transaction involves criminal activity or money laundering, we reserve the right to decline the transaction at any stage.

Suspicious User Behavior

When there is suspicion that a customer or third party may be involved in criminal activity, we will assess whether there is a money laundering risk. Below are some examples of suspicious activities that should be reported:

1.The customer provides incomplete, false, or suspicious information, or refuses to provide complete information.

2.Frequent small transactions or unusually large transactions.

3.The transaction payment comes from a country considered to have a high money laundering risk.

4.Receiving payments from countries unrelated to the transaction or that are illogical.

5.Requesting a refund after multiple payments, especially when asking for the funds to be transferred to a third party.

6.Registering or using multiple accounts.

7.A sudden surge in customer activity.

8.Using non-traditional payment methods (such as prepaid cards, anonymous payment platforms, etc.).

9.Frequent refund requests.

RankMarket's Rights

1.Obtain and Verify Customer Information: RankMarket has the right to request complete and accurate customer information, including identity details, address, and financial proof, as a basis for verifying the customer's identity.

2.Access Compliance Tools: RankMarket has the right to use compliance monitoring tools, anti-money laundering software, or services to promptly identify and respond to suspicious activities.

3.Report Suspicious Activities: RankMarket has the right to report suspicious transactions to the relevant regulatory authorities, in compliance with local anti-money laundering laws and regulations.

RankMarket's Obligations

1.Continuous Monitoring of Transactions: RankMarket is obligated to monitor customer transaction activities, especially those with high frequency, abnormal amounts, or transactions from high-risk regions, and to retain relevant records.

2.Data Protection and Confidentiality: RankMarket is obligated to protect the security of customer information and transaction data, and to strictly comply with data protection laws.

3.RankMarket will retain customer identification information, transaction records, and related due diligence documents in accordance with applicable laws and regulations. Unless otherwise required by law, these records will be retained for at least five (5) years after the termination of the business relationship or the completion of the transaction, and will be provided to regulatory or law enforcement agencies upon lawful request.

4.Cooperation with Regulatory Investigations: RankMarket must cooperate with regulatory authorities' inspections or investigations, including providing required documents, transaction records, and other relevant information.

Customer due diligence and enhanced due diligence

(a) Standard Customer Due Diligence (CDD)

For users with a moderate risk level, RankMarket will take standard customer due diligence measures, including but not limited to:

Verify the user's basic identity information;

Conduct a preliminary risk assessment of the user's account activity and transaction behavior;

Confirm whether the purpose and rationale of the transaction are consistent with the nature of the platform's services.

Standard due diligence aims to establish a basic understanding of the client and serve as the basis for ongoing transaction monitoring.

(b) Enhanced Due Diligence (EDD)

RankMarket will conduct enhanced due diligence when a client or related transaction is identified as high-risk. Circumstances that trigger enhanced due diligence include, but are not limited to:

Clients are located in countries or regions identified as high-risk by the Financial Action Task Force (FATF);

Transaction patterns that are abnormal, unreasonable, or inconsistent with the customer's historical behavior;

The transaction amount or frequency is significantly higher than normal or expected levels;

There are other factors that could increase the risk of money laundering or terrorist financing.

During the enhanced due diligence process, RankMarket may:

Request the customer to provide supplementary identity or background information;

A reasonable explanation of the source of funds or the purpose of the transaction is required;

More frequent monitoring and review of relevant accounts or transactions.

(c) Continuous due diligence and dynamic evaluation

Customer due diligence is not a one-off event. RankMarket will continuously monitor and dynamically assess the risk profile of its clients throughout the business relationship, and will adjust the client's risk level and corresponding due diligence measures as necessary.

RankMarket reserves the right to request additional information or supporting documents from clients at any stage based on the risk assessment results. Failure to meet compliance requirements may result in restrictions, suspension, or rejection of related transactions or services.

Policy Update

We will regularly review and update our anti-money laundering policy, with the updated version published on the RankMarket website. In case of significant changes, we will notify users via in-app messages or email.

RankMarket is committed to combating all forms of fraud and money laundering. RankMarket implements strict compliance standards and preventive measures to prevent, investigate, and document activities related to money laundering or fraud.

RankMarket will, to the extent permitted by law, hold accountable those involved in money laundering or fraud on the platform and provide the necessary personal, transaction, and identifiable information to relevant legal authorities to ensure the platform's compliance. We will cooperate with international anti-money laundering organizations (FATF), the Internet Crime Complaint Center (IFCC), regional financial regulatory bodies, and payment service providers, taking necessary actions to protect the platform's rights and security.