BTCNEXT
BNX CoinNewsSupport/FAQCoin info
Login/Registration

BTCNextExchange OÜ Statement on Bribery and Corruption

Introduction

BTCNextExchange OÜ (hereinafter “the Company”) takes a zero-tolerance approach to bribery and corruption and we are committed to conducting our global activities free from any form of bribery and corruption. We also expect the same from any third parties providing services for or on behalf of our company. BTCNextExchange OÜ Anti-Bribery and Anti-Corruption (ABC) Policy and Standards extend to all our business dealings globally, and they are supported and endorsed by the co-founders of the Company, which has ultimate responsibility for their implementation. Our ABC Policy is designed to help our company and its employees to comply with the UK Bribery Act 2010 and the US Foreign Corrupt Practices Act. Colleagues must also comply with their local anti-bribery and anti-corruption legislation.

BTCNextExchange OÜ ABC Policy and Standards

BTCNextExchange OÜ ABC Policy and Standards apply to all our employees and are designed to ensure that they know how to identify and manage the legal, regulatory and reputational risks associated with bribery and corruption

Under the ABC Policy, BTCNextExchange OÜ employees are:
-Prohibited from the offering, promising, providing, requesting, accepting or agreeing to receive anything of value (directly or indirectly) to or from any person or entity for the purpose of:

  • Improperly obtaining or retaining business or securing an advantage; and/or

  • Inducing the recipient to perform his/her role in the breach of an expectation of good faith, impartiality or trust.

Prohibited from improperly offering, promising or transferring anything of value to a public official (directly or indirectly) in order to:
influence the public official in the exercise of their public functions;
obtain or retain business for BTCNextExchange OÜ ;
or secure an advantage for BTCNextExchange OÜ, its employees or any other entity or person.

Consistent with this, BTCNextExchange OÜ employees are:

- Prohibited from making facilitation or “grease” payments, even if this represents local practice or custom;
- Prohibited from providing employment or other work opportunities (e.g. internships or work experience) to ‘connected’ individuals (e.g. individuals with a close family connection to an important client) in order to improperly obtain or retain business or secure an advantage;
- Required to carry out appropriate due diligence on third parties when before engaging them to perform services for or on our behalf and to include appropriate ABC clauses in contractual arrangements with such third parties;
- Prohibited from offering/giving/accepting gifts or entertainment to or from third parties unless this is permitted by there levant local business policy and/or standard;
- Prohibited from making any political contributions on BTCNextExchange OÜ behalf. We are an apolitical organization and donations (financial or in-kind) to political parties, individuals or campaigns are not permitted. Any exception is a matter for consideration by the Board;
- Required to adhere to our internal requirements regarding the escalation of ABC issues and concerns; timely reporting of suspicions of, or attempts at, bribery and corruption; and suspected or actual breaches of the ABC Policy and Standards.
- Required to complete mandatory ABC awareness-raising training and any role-specific ABC training as and when assigned.

The ABC Standards contain the requirements of the minimum control that BTCNextExchange OÜ employees must follow in order to comply with the policy. The Standards provide more detailed requirements regarding, amongst other things, how to deal with facilitation payment requests, gifts & entertainment, charitable donations/community investments, commercial sponsorship, political donations, lobbying, third party relationships, and mergers & acquisitions.

Consequences of Failing to Comply with the ABC

Employees are made aware that a failure to comply with the requirements of our ABC may lead to disciplinary action, up to and including dismissal or termination of employment.

BTCNEXT

Legal

  • Privacy Policy
  • AML/KYC Policy
  • Cookie policy
  • Risk Disclosure Statement
  • Terms of use
  • Statement on Bribery and Corruption
  • Compliance statement
  • API Docs

More

  • News
  • Support & FAQ
  • For media
  • Fees

FOLLOW US

  • Twitter
  • Instagram
  • Telegram
  • Facebook
  • Medium
  • Linkedin
  • CoinMarketCap

CONTACT US

  • [email protected]

Risk Disclaimer: Before deciding to open an Account with Us, you should carefully consider your investment objectives, level of experience and risk appetite. Most importantly, do not invest money you cannot afford to lose. Virtual currency trading carries a high degree of risk. The leveraged nature of virtual currency trading means that any market movement will have an equally proportional effect on your deposited funds. This may work against you as well as for you. The possibility exists that you could sustain a total loss of initial margin funds and be required to deposit additional funds to maintain your position. Virtual currency trading markets characterized as high volatile markets, therefore it involves high risk, and may cause high loses to the deposit funds, and in a short period of time. We are and will, in no way, be responsible for the trades executed or not executed, by you. You are ultimately responsible for all of the losses suffered in your account. As a consequence, you should be prepared to lose all the funds which you have deposited to be used for Trading. You are also responsible for losses that exceed your profits and deposits. You should never fund your trading activities with retirement savings, loans, mortgages, emergency funds, funds set aside for purposes such as education or homeownership, or funds required for current income or present or future medical expenses. Furthermore, there are risks associated with utilizing an Internet-based trading system including, but not limited to, the failure of hardware, software, and Internet connection. We are not responsible for communication failures or delays when trading via the Internet. Digital Currencies are NOT bank deposits, are NOT legal tender, are NOT backed by the government, and accounts and value balances are NOT subject to Federal Deposit Insurance Corporation or Securities Investor Protection Corporation or any other governmental or government-backed protections. Legislative and regulatory changes or actions at the State, Federal, or international level may adversely affect the use, transfer, exchange, and value of Digital Currencies. Any opinions, news, research, analyses, prices, or other information contained on this website are provided as general market commentary and do not constitute investment advice. We are not liable for any loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. We have taken reasonable measures to ensure the accuracy of the information on the website. The content on this website is subject to change at any time without notice. Trading at the BTCNEXT exchange may lead to the loss of invested funds. If you continue to use our website, you confirm that you have read our Customer Agreement and Risk Disclaimer and understand all risks associated with trading at the BTCNEXT exchange. We draw your attention to the fact that we do not offer to trade at the BTCNEXT exchange, do not promise any profit and do not give any investment advice. We only provide the opportunity to trade, however, the decision to trade or no is your own deliberate decision. We do not offer services of BTCNEXT exchange to citizens of jurisdictions where the right to trade is limited or prohibited by the rules of current legislation. By registering at the BTCNEXT exchange you confirm that you have reached the required age and are fully capable, and also you have all the necessary rights to use services of the BTCNEXT exchange according to the jurisdiction of the country of which you are a citizen or resident. Also, you have read all documents posted on the website, including the Customer Agreement, the Risk Disclaimer, the Privacy policy and the Cookie policy, as well as all other documents, and completely agree with them. Documents posted at the website are available only in English. You acknowledge that you know the English language at a sufficient level to understand the text of these documents, and you fully understand the legal consequences of these documents. In case you do not understand or understand the English language poorly, you acknowledge that you have used the services of a professional interpreter. If you do not agree with any of the above statements or documents, please leave this website immediately. Continuation of your use of our website confirms your agreement with the above statements and documents.

BTCNEXT does not offer Services to residents of Iran, North Korea, and the United States.
BTCNEXT exchange doesn't provide leverage trading or CFD trading with cryptocurrency.

BTCNEXT Exchange © 2018-2020 All rights reserved.

BTCNEXT is the official property of the BTCNextExchange OÜ with the Licenses # FVR000295 24.07.2018 Financial services. Providing services of exchanging a virtual currency against a fiat currency, # FRK000248 24.07.2018 Financial services. Providing a virtual currency wallet service.