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Sanctions Compliance Policy
Ensuring global compliance with international sanctions and trade restrictions for a secure marketplace experience.
Sanctions Compliance Overview
Xaysi Inc. Marketplace is committed to ensuring that our platform operates in full compliance with international sanctions and trade restrictions. By using Xaysi Inc.’s services, encompassing our website, mobile applications, and other related tools (collectively, “Services”), you acknowledge your responsibility to adhere to this Sanctions Policy, regardless of your location.
This policy is an integral part of our Terms of Use. By accessing or using any of our Services, you agree to comply with this policy and our Terms of Use. We strongly recommend that you familiarize yourself with the terms outlined herein and the scope of applicable sanctions and trade restrictions.
Compliance Commitment
Our sanctions compliance framework ensures that all marketplace transactions adhere to international regulations, protecting both our users and the integrity of our platform.
Global Compliance Commitment
As a globally operating entity, Xaysi Inc. must adhere to various economic sanctions and trade restrictions. These include those imposed by regulatory authorities such as the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC), the U.S. Department of Commerce, and other relevant international bodies. These sanctions affect the types of transactions permitted on our platform.
Prohibited Transactions
You are prohibited from engaging in any transactions that involve restricted individuals, regions, or goods as defined by applicable sanctions laws. Specifically, this includes:
- Geographic Areas: Transactions involving regions under sanction.
- Sanctioned Individuals and Entities: Transactions involving designated persons or entities.
- Export Restrictions: Transactions involving restricted goods or services subject to export controls.
- Specific Product Restrictions: Transactions involving goods or services prohibited by sanctions.
- Items from Areas with Forced Labor: Transactions involving products sourced from areas associated with forced labor.
Compliance and Enforcement
Xaysi Inc. is committed to maintaining a secure and compliant marketplace. To uphold this commitment, we reserve the right to take necessary actions if we suspect any violation of economic sanctions or trade restrictions. These actions may include, but are not limited to:
- Prohibiting transactions originating from sanctioned regions.
- Removing listings or canceling transactions that violate this policy.
- Requesting additional verification or documentation from sellers regarding the origin of products.
International Considerations
In addition to U.S. laws, Xaysi Inc. acknowledges that other countries may impose their own sanctions or trade restrictions. Users are advised to review the applicable laws and regulations of all jurisdictions involved in international transactions.
Payment Processing and Third-Party Monitoring
Xaysi Inc. collaborates with third-party payment processors who may independently monitor and block transactions that violate sanctions laws. These processors operate under their own compliance programs, and Xaysi Inc. has no control over their decisions.
Ongoing Monitoring and Policy Updates
Sanctions laws and trade restrictions are subject to change. Xaysi Inc. will continuously monitor developments to ensure compliance with these regulations. We reserve the right to amend this policy as necessary in response to legal updates or internal policy revisions.
Legal Advice
For legal guidance regarding sanctions compliance, users are encouraged to consult with a qualified legal professional.
Our Sanctions Compliance Principles
The fundamental values that guide our approach to sanctions compliance and international trade regulations.
Global Compliance
We adhere to international sanctions and trade restrictions across all jurisdictions where we operate.
Secure Transactions
We implement robust measures to prevent prohibited transactions and protect our marketplace.
Transparent Enforcement
We maintain clear enforcement procedures and communicate policy changes to our users.
Need Assistance With Sanctions Compliance?
Our dedicated compliance team is available to help you understand our sanctions policy, address any concerns, and ensure you have complete clarity about your responsibilities when using our platform.