This Risk and Compliance Disclosure should be read together with the MHB Terms of Service ("Terms"). Unless otherwise defined, all capitalised terms used in this document shall have the same meaning as defined in the Terms.
This document is intended to help you understand the key risks and compliance obligations when using MHB's platform and services.
MHB has established and implemented an Anti-Money Laundering, Anti-Terrorist Financing, and Sanctions compliance Program ("Program").
The purpose of this Program is to maintain a secure and compliant platform, promote lawful and transparent business activities, and uphold trust with customers, regulators, and industry stakeholders.
MHB operates as a digital asset platform where users may transact with one another. In certain circumstances, MHB or its affiliates may act as a counterparty where permitted under the Terms of Service.
Our services facilitate transactions between users and are accessible through the MHB platform.
Disclosure
Trading digital assets involves significant risk. The potential for financial loss when trading or holding digital assets can be substantial. You should carefully assess whether such activities are suitable for you based on your financial circumstances.
Regulatory approaches to digital assets vary across jurisdictions. Some authorities may classify digital assets differently, including as virtual assets or commodities.
MHB treats digital assets as an alternative asset class and complies with all applicable laws and regulations in the jurisdictions where it operates.
Digital assets are not legal tender and are not backed by any government or central bank.
MHB may restrict or limit services in certain jurisdictions in accordance with legal and regulatory requirements. The platform is intended for lawful use only, and users are expected to comply with all applicable laws.
MHB cooperates with regulatory authorities and law enforcement agencies where required and permitted by law.
MHB applies a risk-based, multi-layered compliance framework designed to prevent financial crime.
4.1 Customer Identification
We implement identity verification procedures for all users, including individuals and entities.
Where applicable, beneficial ownership information is collected in accordance with international standards.
4.2 Customer Due Diligence
We apply risk-based due diligence measures and screen users against relevant sanctions and watchlists issued by regulatory authorities and international bodies.
Additional screening may be conducted where necessary to protect platform integrity.
4.3 Ongoing Monitoring
We continuously monitor transactions and user activity to identify suspicious behaviour.
Where suspicious activity is detected, reports may be filed with the relevant authorities in accordance with applicable laws.
Trading digital assets is inherently high risk. You should carefully evaluate whether engaging in such activities is appropriate for your financial situation.
5.1 FX Conversion Risk
Transactions involving local currency may be subject to foreign exchange conversion processes.
In certain cases, system errors or failures may result in discrepancies in converted amounts. You acknowledge and accept any risks and potential losses arising from such events.
5.2 Jurisdiction-Specific Disclosures
Additional disclosures may apply depending on your location and applicable regulatory requirements.
Users are responsible for reviewing any jurisdiction-specific terms before using relevant services.
6.1 Trading Fees
Trading fees are determined based on transaction volume over a defined period.
Fees are charged in the asset being transacted, and applicable rates may vary based on market conditions.
6.2 Additional Fees
Fees may apply to deposits, withdrawals, or payment methods, including third-party processing fees where applicable.
6.3 Regional Pricing
Fees and pricing structures may vary depending on the user's location or jurisdiction.
For assistance or inquiries, users may contact MHB customer support through the designated support channels.
Law enforcement agencies should refer to the official Law Enforcement Request guidelines.
This Risk and Compliance Disclosure may be made available in multiple languages.
In the event of any inconsistency or discrepancy, the English version shall prevail.