Money Laundering Prevention Policy

Trek Labs Europe Ltd. dba Backpack EU

MONEY LAUNDERING PREVENTION POLICY

1. Introduction

Backpack EU is a brand name owned and operated by Trek Labs Europe Ltd (formerly FTX EU and FTX EU Ltd, respectively) (hereinafter referred to as the “Company,” “Backpack EU,” “us,” or “we”), a company incorporated in Cyprus with registration number HE 335683 and authorised by the Cyprus Securities and Exchange Commission (“CySEC”) under license no. 273/15, with registered address at Aiolou & Panagioti Diomidous 9, Katholiki, 3020 Limassol, Cyprus.

Trek Labs Europe Ltd operates in accordance with all relevant EU and local laws, including the European Markets in Financial Instruments Directive II (MiFID II), the Cyprus Investment Services and Activities and Regulated Markets Law of 2017 (Law 87(I)/2017), and the Prevention and Suppression of Money Laundering and Terrorist Financing Laws of 2007 to 2024 as amended from time to time.

2. Purpose

Trek Labs Europe Ltd in order to ensure timely and ongoing compliance with current Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) regulations, has established and implemented appropriate policies and procedures.

The main objective of this policy is to outline the Company’s internal policies, procedures, measures, practices and controls aimed to prevent money laundering and terrorist financing. These policies and procedures enable the Company to meet its obligations under various laws, regulations, and industry best practices by identifying and assessing potential money laundering and terrorist financing (ML/TF) risks associated with the provision of designated services and managing or mitigating those risks identified in accordance with the applicable legal and regulatory framework.

3. Legal & Regulatory Framework

For the purpose of this document the “applicable legal and regulatory framework” shall include the following:
The Prevention and Suppression of Money Laundering and Terrorism Financing Law 188(I)/2007, the “AML Law”, as subsequently amended;
Directive of CySECregarding the Prevention and Suppression of Money Laundering and Terrorist Financing , the “CySEC AML Directive”, as subsequently amended,
Directive (EU) 2018/843 (“AMLD V”) amending Directive (EU) 2015/849 (“AMLD IV”) of the European Parliament and the Council on the prevention of the use of the financial system for the purpose of money laundering and terrorist financing, the ”EU AML Directive”.
Risk factor Guidelines issued by the Joint Committee of the European Supervisory Authorities under Articles 17 and 18(4) of Directive (EU) 2015/849 on anti-money laundering and countering the financing of terrorism is referred to as the ‘' Risk Factors Guidelines”
The Financial Action Task Force (FATF) recommendations Backpack EU is a brand name of Trek Labs Europe Ltd (formerly FTX EU Ltd, referred to as “FTX EU”), a company regulated by the Cyprus Securities and Exchange Commission under license no. 273/15, with registered address at Aiolou & Panagioti Diomidous 9, Katholiki, 3020 Limassol, Cyprus. 2
CySEC’s applicable Directives, Circulars, Reporting Forms and other related documents
Any other legislative act of the European Parliament and Commission currently in force substituting/ amending the above mentioned.

4. Compliance with AML/ CFT legal and regulatory requirements

Trek Labs Europe Ltd is dedicated to preventing money laundering activities in relation to the offering of our services and investment products, therefore, adhere to regulatory requirements by conducting as a minimum the following practices:

Ensure that our clients identification is verified before the establishment of any business relationship;
Identify, monitor and report any suspicious activity to the competent authorities on timely manner;
Keep records related to transactions for at least five years following the end of the business relationship with the clients;
Our staff is trained on an ongoing basis to recognise any suspicious activity and meet all relevant reporting obligations and requirements;
Ensure that any suspicious activity is reported to the relevant competent authorities where the client is located.

5. Notices & Disclaimers

Clients should be aware that all information submitted to the Company may be accessible to the appropriate regulatory and supervisory authorities in: (a) the country of incorporation of the Company, which is the Republic of Cyprus; (b) the country of origin of any funds transferred to the Company; and (c) the destination country for any funds refunded by or withdrawn from the Company.
Trek Labs Europe Ltd reserves the right to decline processing a fund transfer at any point if it suspects any connection to criminal activities or activities concerning money laundering, bribery, corruption and financial crime.
Trek Labs Europe Ltd reserves the right to terminate the Clients Agreement with immediate effect and/ or to refuse to execute any pending orders and/ or to freeze or block your trading account and any assets thereon if we reasonably believe that you may be acting in breach of applicable AML Laws. We may, where we consider this Backpack EU is a brand name of Trek Labs Europe Ltd (formerly FTX EU Ltd, referred to as “FTX EU”), a company regulated by the Cyprus Securities and Exchange Commission under license no. 273/15, with registered address at Aiolou & Panagioti Diomidous 9, Katholiki, 3020 Limassol, Cyprus. 3 necessary in order to comply with our obligations under the applicable AML Laws, refuse to provide you with further explanations as to any action or refusal or failure to take any action.
Trek Labs Europe Ltd reserves the right to review and amend its Money Laundering Prevention Policy, when necessary or appropriate.
The Money Laundering Prevention Policy is a standalone policy and forms part of our Terms and Conditions of Business. It is not intended to be contractually binding and does not impose any obligations on us that we would not otherwise have.

6. Contact Us

For any inquiries related to our Money Laundering Prevention Policy, please contact our Compliance Department at compliance@eu.backpack.exchange.

Risk warning: Our products are traded on margin and carry a high level of risk and it is possible to lose all of your capital. Please consider our Risk Disclosure.

Legal: This website is operated by Trek Labs Europe Ltd (formerly FTX EU Ltd), registration number HE335683, with registered address at Aiolou & Panagioti Diomidous 9, Katholiki, 3020 Limassol, Cyprus. Trek Labs Europe Ltd (formerly FTX EU Ltd) is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 273/15.

The company operates through https://eu.backpack.exchange (formerly http://www.ftx.com/eu and https://ftxeurope.eu) and uses the trade name Backpack EU (formerly FTX EU).

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Last updated 1 month ago

1. Introduction

2. Purpose

3. Legal & Regulatory Framework

For the purpose of this document the “applicable legal and regulatory framework” shall include the following:

The Prevention and Suppression of Money Laundering and Terrorism Financing Law 188(I)/2007, the “AML Law”, as subsequently amended;

Directive of CySECregarding the Prevention and Suppression of Money Laundering and Terrorist Financing , the “CySEC AML Directive”, as subsequently amended,

Directive (EU) 2018/843 (“AMLD V”) amending Directive (EU) 2015/849 (“AMLD IV”) of the European Parliament and the Council on the prevention of the use of the financial system for the purpose of money laundering and terrorist financing, the ”EU AML Directive”.

Risk factor Guidelines issued by the Joint Committee of the European Supervisory Authorities under Articles 17 and 18(4) of Directive (EU) 2015/849 on anti-money laundering and countering the financing of terrorism is referred to as the ‘' Risk Factors Guidelines”

The Financial Action Task Force (FATF) recommendations Backpack EU is a brand name of Trek Labs Europe Ltd (formerly FTX EU Ltd, referred to as “FTX EU”), a company regulated by the Cyprus Securities and Exchange Commission under license no. 273/15, with registered address at Aiolou & Panagioti Diomidous 9, Katholiki, 3020 Limassol, Cyprus. 2

CySEC’s applicable Directives, Circulars, Reporting Forms and other related documents

Any other legislative act of the European Parliament and Commission currently in force substituting/ amending the above mentioned.

4. Compliance with AML/ CFT legal and regulatory requirements

Ensure that our clients identification is verified before the establishment of any business relationship;

Identify, monitor and report any suspicious activity to the competent authorities on timely manner;

Keep records related to transactions for at least five years following the end of the business relationship with the clients;

Our staff is trained on an ongoing basis to recognise any suspicious activity and meet all relevant reporting obligations and requirements;

Ensure that any suspicious activity is reported to the relevant competent authorities where the client is located.

5. Notices & Disclaimers

Clients should be aware that all information submitted to the Company may be accessible to the appropriate regulatory and supervisory authorities in: (a) the country of incorporation of the Company, which is the Republic of Cyprus; (b) the country of origin of any funds transferred to the Company; and (c) the destination country for any funds refunded by or withdrawn from the Company.

Trek Labs Europe Ltd reserves the right to decline processing a fund transfer at any point if it suspects any connection to criminal activities or activities concerning money laundering, bribery, corruption and financial crime.

Trek Labs Europe Ltd reserves the right to terminate the Clients Agreement with immediate effect and/ or to refuse to execute any pending orders and/ or to freeze or block your trading account and any assets thereon if we reasonably believe that you may be acting in breach of applicable AML Laws. We may, where we consider this Backpack EU is a brand name of Trek Labs Europe Ltd (formerly FTX EU Ltd, referred to as “FTX EU”), a company regulated by the Cyprus Securities and Exchange Commission under license no. 273/15, with registered address at Aiolou & Panagioti Diomidous 9, Katholiki, 3020 Limassol, Cyprus. 3 necessary in order to comply with our obligations under the applicable AML Laws, refuse to provide you with further explanations as to any action or refusal or failure to take any action.

Trek Labs Europe Ltd reserves the right to review and amend its Money Laundering Prevention Policy, when necessary or appropriate.

The Money Laundering Prevention Policy is a standalone policy and forms part of our Terms and Conditions of Business. It is not intended to be contractually binding and does not impose any obligations on us that we would not otherwise have.

6. Contact Us

For any inquiries related to our Money Laundering Prevention Policy, please contact our Compliance Department at compliance@eu.backpack.exchange.

Risk warning: Our products are traded on margin and carry a high level of risk and it is possible to lose all of your capital. Please consider our Risk Disclosure.