EEA Risk and Compliance Disclosure
Risk & Compliance Disclosure
Last Updated: June 24, 2025
1. PURPOSE OF OUR PROGRAM
OKCoin Europe LTD (incorporated in Malta) and licensed by the Malta Financial Services Authority (“OKX”) is authorised to carry out ‘relevant financial business’ in terms of Regulation 2(1) of the Prevention of Money Laundering and Funding of Terrorism Regulations (the “PMLFTR”) and has established and implemented an Anti-Money Laundering, Anti-Terrorist Financing, and Trade & Economic Sanctions Program (“AML/ATF/Sanctions Program” or “Program”) in line with the EU 6th Anti-Money Laundering Directive (the “6th AMLD”), the Prevention of Money Laundering Act, the PMLFTR, the Financial Analysis Intelligence Unit (“FIAU”) Implementing procedures Part I, the FIAU Implementing Procedures Part II - Crypto-Assets Sector and any other guidance issued by the FIAU to ensure a Crypto Asset Services Provider that is compliant with all anti-money laundering/combatting funding of terrorism (“AML/CFT”) obligations. We want to promote legal, transparent business activities and maintain a strong reputation among our customers, regulators, and the crypto asset industry.
2. OUR ROLE AND ACTIVITIES
OKX provides online cryptoasset trading services and a platform to spot trade crypto assets and facilitate margin lending in certain permitted jurisdictions. Our Services are available through OKX.com, associated application program interfaces, and mobile applications such as the OKX app.
Disclosure: Trading is risky. The risk of loss in trading or holding crypto assets can be substantial. You should therefore carefully consider whether trading is suitable for you in light of your financial condition.
3. REGULATORY LANDSCAPE
We understand that regulatory bodies have taken a diverse approach to the laws and regulations regarding crypto assets, including some characterizing or defining crypto assets Crypto Asset means crypto currencies, convertible virtual currency, virtual commodity, crypto payment token, crypto currencies, virtual currencies, stablecoins or crypto assets of any types not falling within the classification of a financial instrument in terms of the Markets in Crypto-Assets Act - Chapter 647 of the Laws of Malta). As a trading platform, we believe that bitcoin and litecoin (as well as other alternative-coins) are crypto assets that are emerging as an innovative alternative asset class; and therefore, crypto assets should not be called currency or money.
Disclosure: Crypto assets are not fiat money nor fiat currency. Crypto assets such as bitcoin and litecoin are NOT backed by any government or central bank. Nevertheless, since we provide a valuable feature to our customers who wish to trade and settle in fiat, we believe it is imperative to maintain a robust AML/ATF/Sanctions program as we connect with the fiat financial system. We may at times have opinions of the different regulatory approaches taken by various government bodies; however, at all times, we will fully abide by rules and regulations of the respective countries we operate in. We regularly reach out to regulators and industry on the best approach to regulating crypto asset businesses. Furthermore, OKX does not accept certain customers. We may not make all of the Services available in all markets and jurisdictions, and may restrict or prohibit use of all or a portion of the Services from Restricted Locations, which at this time include Afghanistan, Algeria, Bangladesh, Bolivia, Canada, Cuba, El Salvador, Hong Kong, Iran, India, Japan, Malaysia, Nepal, Nigeria, North Korea, Syria, the Crimea, Donetsk and Luhansk regions of Ukraine, the United States of America including all U.S. territories like Puerto Rico, American Samoa, Guam, Northern Mariana Island, and the U.S. Virgin Islands (St. Croix, St. John and St. Thomas), and Uzbekistan.
We may restrict services in other jurisdictions including but not limited to Australia (specifically regarding our derivatives-related and cefi-related services), Bahamas (specifically regarding our retail products), Brazil (specifically regarding our derivatives-related and P2P services), Eritrea (specifically regarding our P2P services), Russia (specifically regarding our fiat payment services), Singapore (specifically regarding our cefi-related services), South Korea (specifically regarding our derivatives-related and P2P services), the United Kingdom (specifically regarding our derivatives-related, cefi-related, and P2P services).
We cooperate with governments and respect regulations and comply with applicable regulations. As good corporate citizens, we may be asked for information from law enforcement authorities and will assist if permissible by law as law enforcement conduct investigations to pursue and thwart illicit activity. What this also means is that our platform is intended for law abiding customers. We welcome the opportunity to earn your business, and in return we require that you act legally and properly on our platform.
4. OUR AML/ATF PROGRAM
We have designed our Program to reasonably prevent money laundering and terrorist financing through a risk-based, multi-layer control system.
The first layer includes a stringent customer identification program, including verifying the identity of our customers, whether individuals or entities. In addition to obtaining identification documents, we obtain for non-natural persons their entities’ beneficial owners/natural persons consistent to international standards such as the Financial Action Task Force (FATF).
The second layer includes a risk-based system to warrant additional customer due diligence. To accomplish this, we screen our customers (including beneficial owners) against the entities/persons on the European Commission’s Sanctions list, the list of the Maltese Government through the Sanctions Monitoring Board and/or FIAU, the list of the Government of the Hong Kong SAR Gazette, United States Office of Foreign Assets Control (OFAC) Sanctions Lists, and the United Nation Security Council Sanctions List, among other government-provided lists of sanctioned individuals and entities. We also may screen against other lists on a discretionary basis to protect our reputation and customers.
The third layer includes ongoing monitoring for suspicious activity. If our Program suspects or has reason to suspect suspicious activities have occurred, we will file suspicious activities reports with local regulators. A suspicious transaction is often inconsistent with a customer’s known and legitimate business, or personal activities.
These are the primary components of our compliance program; however, the most important glue or connection to these layers are our leadership team and staff, including AML/Risk personnel that execute training, oversight and a sound compliance culture.
5. RISKS
Trading in crypto assets is considered high risk. Crypto assets such as bitcoin and litecoin are NOT backed by any government or central bank. The risk of loss in trading or holding crypto assets can be substantial. You should carefully consider whether interacting, holding, or trading crypto assets is suitable for you in light of your financial condition.
5.1 FX Conversion Risk: You agree and understand that any credit card payments you make using your local currency undergoes a standardized FX conversion process. This FX conversion process may in some circumstances be subject to systemic errors and unexpected failures. In the event of such errors and/or systemic failures, as determined by us in our sole discretion, you may receive a balance in USD or USDT which may be different from the local currency balance you started with
at the outset of your payment transaction. This might result in a risk of loss and you agree that you shall bear all costs related to any FX conversion risk resulting from such system errors and/or failure.
5.2 OKX Singapore User Specific Risk and Safe Guarding Disclosures: If you are a User of OKX Singapore, the Monetary Authority of Singapore ("MAS") requires OKX Singapore to provide certain disclosures to you as a customer of a digital payment token ("DPT") service provider. Please read the
before using OKX Singapore's DPT services and depositing any Asset with OKX Singapore.5.3 Token Environmental Indicators
OkCoin Europe Ltd ("OKX") duly incorporated in Malta and licensed by the Malta Financial Services Authority as a regulated Crypto-Asset Service Provider (“CASP”) in terms of the Markets in Crypto-Assets Regulation (Regulation (EU) 2023/1114, “MiCA”). In accordance with Article 66(5) of MiCA and related guidance issued by the European Commission, OKX is required to make publicly available information related to the principal adverse impacts on the climate and other environment-related adverse impacts of the consensus mechanism used for each crypto asset in relation to which it provides services.
This information is presented and updated on the individual crypto asset page for each supported crypto asset. In addition, a downloadable file containing the environmental indicators for all supported crypto assets is made available
, and was last updated on 2025-06-17.6. COMMUNICATION
If you have questions or require assistance with our customer due diligence controls, please reach out to our 24/7 customer service representatives by phone, chat or email at support@okcoin.com.
For any law enforcement requests, please refer to the Law Enforcement Request Guide for more details regarding the contact information:
7. DIFFERENT VERSIONS
This "Risk & Compliance Disclosure" may be posted in different languages. If there are any discrepancies, the English version shall prevail.