Funoon Compliance and Governance Overview
Corporate Governance and KYC
◆ Verified: With every individual, artist, creative, art agency, art institute going through a thorough compliance verification check, such as identity and address checks, know-your-customer, anti-money laundering and anti-terrorism financing, we aim to ensure that every user can transact with assurance that the artwork are legitimate and real and their own work and does not infringe any copyright.
◆ Transparency: All the digital assets (NFT) minted or traded through our marketplace can be viewed on the blockchain which is immutable by design and cannot be altered ensuring that every digital asset has a unique identifier providing provenance functions.
◆ Ethical : Using Funoon high-tech platform, users can choose from a wide range of collections based on categories and genre of artworks. The artwork and other media content listed on our platform shall be based on our ethical screening and community guidelines and artwork that does violates our core values and principles will not be tolerated.
AML / CFT Compliance
Our dedicated Compliance team is to ensure that there is up-to-date knowledge of issues relating to Anti-Money Laundering (AML) and Counter-Terrorist Financing (CFT) throughout the organisation, implement appropriate policies and procedures and receive reports of suspicious activity.