📜Licensing and Compliance
Last updated
Last updated
At HKD.com, We are committed to protecting our users’ assets, and we take this responsibility seriously. Our values guide us to make decisions that meet our community’s needs and have a lasting impact on society.
Our operations are conducted competently and transparently, and we ensure that our work is of equal level to global compliance standards in the digital asset space. We have strong working relationships with affiliates to ensure our information is not only accurate, but also secured. HKD.com offers services and products to users that reflect our industry-leading security and credibility.
Regulatory Authority: Financial Transactions and Reports Analysis Centre of Canada
Regulatory Authority: The Financial Crimes Enforcement Network (FinCEN), U.S. Department of Treasury
Regulatory Authority: Australian Transaction Reports and Analysis Centre
Regulatory Authority: Republic of Estonia Financial Intelligence Unit
Our dedicated team ensures that HKD.com follows strict compliance standards and protocols. Team members are to follow a comprehensive compliance management framework, which is overseen by senior management, to identify, assess, implement, and evaluate effectively.
It is HKD.com’s responsibility to examine and identify any associated risks to or regarding the exchange platform, and follow through with any necessary remediation. External risks may refer to those that may arise from outside circumstances, such as incorrect information published by third-party advertisement from HKD.com affiliates. Internal risks refer to those that may arise from within our organization, such as unauthorized, inappropriate, illegal, or unethical actions taken by employees.
In conjunction with assessments and annual compliance reviews, we work with regulators to ensure our compliance standards adhere to regional requirements.
External blockchain analytical tools are deployed to closely monitor transactions on the HKD.com exchange platform and reduce the risk of fraudulent activities and the appearance of high-risk clients*.
Due to the immutability and transparency of public blockchains, our team are able to thoroughly examine transactions conducted on the platform.
*High-risk clients include, but are not limited to:
Clients from certain nations or regions
Government officials
Clients from certain industries (e.g., cash-intensive businesses)
Depending on assessments from our Risk & Governance team, we will employ various measures for high-risk clients. This may include seizing assets or requesting more frequent reviews or audits, depending on the circumstances.
We have regular consultancy with independent (external) cybersecurity experts to improve the security and stability of our platform. Penetration testing and vulnerability assessments are conducted on our network biannually and, if potential threats are detected, correction is swift. In addition to the aforementioned tests, we encrypt all sensitive data to prevent theft and unauthorized access or modification. All data that is transmitted or held is encrypted and stored securely in fault-tolerant storage.
