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X5P AML Policy
Last modified on 18 April, 2022
This policy of X5P is to prohibit and actively pursue the prevention of money laundering and any activity that facilitates money laundering or the funding of terrorist and terrorist activities. X5P requires its managers, employees and affiliates to adhere to the policy in preventing the use of Company’s Services for money laundering purposes.
X5P operates in areas where there are strict anti-money laundering (AML) regulations. We are committed to cooperating with local financial management departments. X5Pcomplies with relevant international standards and local legislation and jurisdiction requirements, strengthens and adjusts our internal monitoring mechanism, and cracks down on relevant illegal activities.
We predict the average level of virtual items acquired by normal individual players in the game based on the length of the game's server opening time, and use this as a basis to determine whether the virtual items sold by the player are abnormal;
We constantly set and adjust daily transaction limits and withdrawal limits based on security requirements and actual transaction conditions;
If transactions occur frequently in your registered account or exceed a reasonable range, our team will evaluate and determine whether the transaction is suspicious;
If we determine that a transaction is suspicious based on our evaluation, we may take restrictive measures such as suspending or rejecting the transaction. If possible, we may even cancel the transaction as soon as possible and report to the competent authority, but will not notify you;
Anti-money laundering regulations require us to monitor and track suspicious transactions and report to relevant law enforcement agencies. If we believe that there is any connection with criminal activities or money laundering, we have the right to refuse transactions at any stage.
Suspicious activities
Where any suspicions arise that criminal conduct may have taken place involving a customer, or third party, we will consider whether there is a risk that money laundering has occurred or may occur.
Some examples of suspicious activities to be reported include:
1.A customer provides insufficient, false, or suspicious information or is reluctant to provide complete information.
2.Requests by a customer to pay in cash.
3.Payments to or from third parties that have no apparent or logical connection with the customer or transaction.
4.Payment to or from countries considered high risk for money laundering.
5.Payments from countries unrelated to the transaction or not logical for the customer.
6.Overpayments followed by directions to refund a payment, especially if requested to send the payment to a third party.
7.Any customer for whom we cannot determine the true beneficial owner.
8.Unexpected spikes in a customer’s activities.
9.Purchase any Offer created by him/herself, or an agent of him/herself.
10.Register or make use of more than one X5P account.
11.Confirm delivery before its completion.
12.Return purchased products or services to the Seller under any circumstances except when appropriately arbitrated by X5P staff.
When the above suspicious activities happen.
X5P should be entitled to:
Verify the Buyer and Buyer’s payments;
Hold the Buyer’s payments until X5P has determined the Order’s completion state;
Appropriately refund the Buyer for any products or services that are deemed by X5P not to have been properly delivered;
Protect the Seller from payment fraud;
Appropriately disburse payment to the Seller, minus X5P fees, for any products or services that are deemed by X5P to have been properly delivered;
Reserve the right to prosecute the Buyer or Seller, to the fullest extent of the law, should there be any fraudulent activity.
In the event that a transaction is escalated to the X5P Final Resolution Committee.
X5P should be entitled to:
Impartially arbitrate any disputes between the Buyer and Seller to the fullest extent possible;
Continue to hold the Buyer’s payments until the completion state of the Order has been determined by X5P;
Continue to protect the Seller from fraudulent payments;
Meticulously inspect the Seller’s Delivery Evidence and verify to the fullest extent possible that the Seller has abided by the Secure Seller Delivery Agreement;
Verify to the fullest extent possible that the Buyer has abided by the Secure Buyer Delivery Agreement;
Review the trading history of the Buyer and Seller;
Rigorously verify the Buyer and Seller involved in the transaction, as well as a review of the Offer and Order;
Review any communications sent between the Buyer and Seller through the X5P Onsite Messaging System that are related to the Order;
Reserve the right to perform any additional assessment or investigatory step required in the final resolution of a dispute.
X5P takes a firm stand against identity theft and fraud. X5P takes a variety of both orthodox and unorthodox measures to prevent, track, investigate and log fraudulent activity.
As a policy, X5P will aggressively pursue, to the fullest extent of the law, prosecution of any individuals or groups who engage in fraudulent activity on the Site. This includes fully supplying all relevant personal, transactional, and other identifiable information to the appropriate legal authorities, including, without limitation, the Federal Bureau of Investigation (FBI), the Internet Fraud Complaint Center, the United States Postal Inspection Service, the United States Secret Service and other relevant local, state, federal, and international authorities, such that the they may complete investigations, issue arrest warrants, and make an effective prosecution.
X5P will also report fraudulent activities to related ISPs (Internet Service Providers) for action under their Acceptable Use Policies.
In addition to the criminal cases that may be filed, X5P may submit a separate civil case against an offender to recover any and all damages and costs (financial and otherwise) that are incurred by X5P. X5P takes no consideration of, and makes no exception to, how “small” the fraud is, the age of the fraudulent individual, nor that “no one was really hurt”. X5P investigates, prosecutes, and litigates to the fullest extent possible, without regard to cost.
Conviction on Credit Card Fraud carries penalties of 10 years imprisonment and/or a $10,000 fine per U.S.C. Title 18, Section 3056, Subsection (b), and specifically authorizes the United States Secret Service to detect and arrest any person who violates any federal criminal laws relating to Credit Card Fraud and related activity in connection with computers and/or access devices.
X5P operates in areas where there are strict anti-money laundering (AML) regulations. We are committed to cooperating with local financial management departments. X5Pcomplies with relevant international standards and local legislation and jurisdiction requirements, strengthens and adjusts our internal monitoring mechanism, and cracks down on relevant illegal activities.
We predict the average level of virtual items acquired by normal individual players in the game based on the length of the game's server opening time, and use this as a basis to determine whether the virtual items sold by the player are abnormal;
We constantly set and adjust daily transaction limits and withdrawal limits based on security requirements and actual transaction conditions;
If transactions occur frequently in your registered account or exceed a reasonable range, our team will evaluate and determine whether the transaction is suspicious;
If we determine that a transaction is suspicious based on our evaluation, we may take restrictive measures such as suspending or rejecting the transaction. If possible, we may even cancel the transaction as soon as possible and report to the competent authority, but will not notify you;
Anti-money laundering regulations require us to monitor and track suspicious transactions and report to relevant law enforcement agencies. If we believe that there is any connection with criminal activities or money laundering, we have the right to refuse transactions at any stage.
Suspicious activities
Where any suspicions arise that criminal conduct may have taken place involving a customer, or third party, we will consider whether there is a risk that money laundering has occurred or may occur.
Some examples of suspicious activities to be reported include:
1.A customer provides insufficient, false, or suspicious information or is reluctant to provide complete information.
2.Requests by a customer to pay in cash.
3.Payments to or from third parties that have no apparent or logical connection with the customer or transaction.
4.Payment to or from countries considered high risk for money laundering.
5.Payments from countries unrelated to the transaction or not logical for the customer.
6.Overpayments followed by directions to refund a payment, especially if requested to send the payment to a third party.
7.Any customer for whom we cannot determine the true beneficial owner.
8.Unexpected spikes in a customer’s activities.
9.Purchase any Offer created by him/herself, or an agent of him/herself.
10.Register or make use of more than one X5P account.
11.Confirm delivery before its completion.
12.Return purchased products or services to the Seller under any circumstances except when appropriately arbitrated by X5P staff.
When the above suspicious activities happen.
X5P should be entitled to:
Verify the Buyer and Buyer’s payments;
Hold the Buyer’s payments until X5P has determined the Order’s completion state;
Appropriately refund the Buyer for any products or services that are deemed by X5P not to have been properly delivered;
Protect the Seller from payment fraud;
Appropriately disburse payment to the Seller, minus X5P fees, for any products or services that are deemed by X5P to have been properly delivered;
Reserve the right to prosecute the Buyer or Seller, to the fullest extent of the law, should there be any fraudulent activity.
In the event that a transaction is escalated to the X5P Final Resolution Committee.
X5P should be entitled to:
Impartially arbitrate any disputes between the Buyer and Seller to the fullest extent possible;
Continue to hold the Buyer’s payments until the completion state of the Order has been determined by X5P;
Continue to protect the Seller from fraudulent payments;
Meticulously inspect the Seller’s Delivery Evidence and verify to the fullest extent possible that the Seller has abided by the Secure Seller Delivery Agreement;
Verify to the fullest extent possible that the Buyer has abided by the Secure Buyer Delivery Agreement;
Review the trading history of the Buyer and Seller;
Rigorously verify the Buyer and Seller involved in the transaction, as well as a review of the Offer and Order;
Review any communications sent between the Buyer and Seller through the X5P Onsite Messaging System that are related to the Order;
Reserve the right to perform any additional assessment or investigatory step required in the final resolution of a dispute.
X5P takes a firm stand against identity theft and fraud. X5P takes a variety of both orthodox and unorthodox measures to prevent, track, investigate and log fraudulent activity.
As a policy, X5P will aggressively pursue, to the fullest extent of the law, prosecution of any individuals or groups who engage in fraudulent activity on the Site. This includes fully supplying all relevant personal, transactional, and other identifiable information to the appropriate legal authorities, including, without limitation, the Federal Bureau of Investigation (FBI), the Internet Fraud Complaint Center, the United States Postal Inspection Service, the United States Secret Service and other relevant local, state, federal, and international authorities, such that the they may complete investigations, issue arrest warrants, and make an effective prosecution.
X5P will also report fraudulent activities to related ISPs (Internet Service Providers) for action under their Acceptable Use Policies.
In addition to the criminal cases that may be filed, X5P may submit a separate civil case against an offender to recover any and all damages and costs (financial and otherwise) that are incurred by X5P. X5P takes no consideration of, and makes no exception to, how “small” the fraud is, the age of the fraudulent individual, nor that “no one was really hurt”. X5P investigates, prosecutes, and litigates to the fullest extent possible, without regard to cost.
Conviction on Credit Card Fraud carries penalties of 10 years imprisonment and/or a $10,000 fine per U.S.C. Title 18, Section 3056, Subsection (b), and specifically authorizes the United States Secret Service to detect and arrest any person who violates any federal criminal laws relating to Credit Card Fraud and related activity in connection with computers and/or access devices.
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