Compliance Hub
Regulatory compliance and legal resources for BitTest Platform
Table of Contents
1Compliance Overview
BitTest Platform is committed to maintaining the highest standards of regulatory compliance and operational integrity. Our comprehensive compliance program ensures adherence to applicable laws and regulations.
We operate under strict regulatory oversight and maintain robust internal controls to protect our users and maintain market integrity.
2KYC & AML Procedures
We implement comprehensive Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures to ensure regulatory compliance and prevent illicit activities.
Customer Due Diligence
- • Identity verification and document collection
- • Address verification and proof of residence
- • Source of funds verification
- • Ongoing monitoring of account activity
- • Enhanced due diligence for high-risk customers
Transaction Monitoring
- • Real-time transaction screening
- • Suspicious activity detection
- • Pattern analysis and risk scoring
- • Automated alerts and reporting
- • Manual review and investigation
Sanctions Screening
- • OFAC and international sanctions lists
- • PEP (Politically Exposed Person) screening
- • Adverse media monitoring
- • Watchlist and blacklist checks
- • Regular database updates
Record Keeping
- • 5-year minimum retention period
- • Secure digital storage systems
- • Audit trail maintenance
- • Regulatory reporting capabilities
- • Data integrity verification
3Regulatory Framework
Our compliance program is built on a foundation of applicable laws and regulations across multiple jurisdictions.
Primary Regulations
- Bank Secrecy Act (BSA): AML and record-keeping requirements
- USA PATRIOT Act: Enhanced due diligence and reporting
- OFAC Regulations: Sanctions compliance and screening
- GDPR: Data protection and privacy rights
Cryptocurrency-Specific
- FinCEN Guidance: Virtual currency regulations
- State Money Transmitter Laws: Licensing requirements
- SEC Guidelines: Securities law compliance
- CFTC Regulations: Commodity trading oversight
4Data Protection & Privacy
We maintain the highest standards of data protection and privacy in accordance with applicable laws and industry best practices.
Data Security Measures
- End-to-end encryption for data transmission
- Multi-factor authentication for access control
- Regular security audits and penetration testing
- Secure data storage with access controls
- Employee training on data protection
- Incident response and breach notification procedures
Privacy Rights
Users have the right to access, correct, delete, and port their personal data in accordance with applicable privacy laws.
- Right to access personal data
- Right to rectification of inaccurate data
- Right to erasure ("right to be forgotten")
- Right to data portability
5Risk Management
Our comprehensive risk management framework identifies, assesses, and mitigates various types of risks to ensure operational stability and regulatory compliance.
Operational Risk
- • System failures and downtime
- • Human error and process failures
- • Technology and infrastructure risks
- • Business continuity planning
Compliance Risk
- • Regulatory violations and penalties
- • Legal and litigation risks
- • Reputation and brand damage
- • License revocation threats
Financial Risk
- • Credit and counterparty risk
- • Market and liquidity risk
- • Currency and exchange rate risk
- • Interest rate sensitivity
6Reporting Requirements
We maintain comprehensive reporting systems to meet regulatory requirements and ensure transparency with authorities.
Regulatory Reports
| Report Type | Frequency | Due Date | Authority |
|---|---|---|---|
| Suspicious Activity Reports (SARs) | As needed | 30 days from detection | FinCEN |
| Currency Transaction Reports (CTRs) | As needed | 15 days from transaction | FinCEN |
| Annual Compliance Report | Annual | March 31 | FinCEN |
| Data Breach Notifications | As needed | 72 hours from discovery | GDPR Authorities |
7Audit Trail & Monitoring
We maintain comprehensive audit trails and monitoring systems to ensure compliance and detect any irregularities.
Audit Trail Requirements
- Complete transaction history and logs
- User access and authentication records
- System configuration changes
- Compliance decision documentation
Monitoring Systems
- Real-time transaction monitoring
- Automated alert systems
- Regular compliance reviews
- Independent audit assessments
8Training & Education
We provide comprehensive training programs to ensure all staff understand compliance requirements and maintain high standards.
Employee Training Programs
- New Hire Training: Comprehensive compliance orientation
- Annual Refresher: Updated regulations and procedures
- Role-Specific Training: Targeted compliance education
- Regulatory Updates: New law and regulation training
- Case Studies: Real-world compliance scenarios
- Certification Programs: Professional compliance credentials
User Education Resources
We provide educational resources to help users understand compliance requirements and their responsibilities.
- Compliance guides and documentation
- Video tutorials and webinars
- FAQ sections and help centers
- Regular compliance updates and notifications
9Incident Response
We maintain robust incident response procedures to address compliance violations, security breaches, and other critical events.
Response Procedures
Detection & Assessment
Immediate identification and severity assessment of incidents
Containment
Rapid response to limit impact and prevent escalation
Investigation
Thorough analysis to determine root cause and scope
Recovery & Reporting
System restoration and regulatory notification
10Regulatory Updates
We stay current with evolving regulatory requirements and communicate important changes to our users and stakeholders.
Recent Updates
Enhanced KYC Requirements
Updated customer due diligence procedures effective January 2024
Published: December 15, 2023New AML Reporting Standards
Revised suspicious activity reporting requirements and thresholds
Published: November 30, 2023Data Protection Enhancements
Strengthened privacy controls and user data rights
Published: October 20, 202311Contact Information
For compliance-related questions, concerns, or to report potential violations, please contact our compliance team:
Compliance Team Contacts
Questions About Compliance?
Our compliance team is here to help you understand our policies and procedures.