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  • Security Knowledge

Fraud-proof

Login password and payment password as dual-protection for your UMF account.

Various security products such as digital certificate, mobile phone dynamic password, short note and other services to secure your account and transaction.

Real-time monitoring for suspicious transaction to prevent fraud transaction by customers through UMF.

 

Safe Operation

Please avoid setting totally identical login password and payment password;

 

1. Please avoid using phone number, birthday, name and other characters which could be easily guessed as password, we suggest you to combine English letters and numbers in a meaningless way to improve your password’s security level.

2. Please change your passwords occasionally and keep your passwords properly to avoid leakage.

3. Please avoid online transaction in internet bar, library and other public places to protect your account number and passwords from being used or stolen by others.

4. Please avoid using password identical with that in other websites to protect your passwords from being stolen at the same time.

 

Safe Operation to Avoid Information Leakage

1. Please properly keep your individual information, especially account password and mobile phone verification code. Please do not disclose your passwords and mobile phone verification code at any time in any way to anyone else: UMF and our customers will never in anyone’s name or in any way ask for password and mobile phone verification code; if you accidentally leak your UMF account password, please change and contact us immediately; if you accidently leak your bank account password, please go to the bank's counter or ATM to change the password timely.

2. Counterfeit website will imitate the styles of UMF and our customers to obtain your account name, password, and verification code, if in the website there is other characters before the slash, such as horizontal line in the middle (-), underline (_), etc. thus it is definitely not UMF’s official website.

3. UMF’s anti-phising mechanism keeps you away from the risk of fraud all the time.

4. If messages about winning a prize, exchanging credits for cask, ordering operator’s business, etc. appear in your mobile phone, please do not believe or click unknown link, or reply message or call back according to the message content, you must otherwise contact the operator or bank’s customer service department to verify its authenticity.

 

Anti-money-laundry

Management Mechanism for Anti-money-laundry and Anti-terrorism-financing

In accordance with the Measures for Administration of Anti-money-Laundry and Anti-terrorism by Payment Institutions, UMF has officially established internal control system for anti-money-laundry, which is the management standard about explicit requirement for customer's identification, customer's identity materials, transaction record retention, suspicious transaction report, customer's risk level classification, anti-money-laundry and anti-terrorism-financing  investigation, and other links. Meanwhile, UMF has started the monitoring system for anti-money-laundry and anti-terrorism-financing suspicious transaction, targeting customer’s suspicious transaction to prevent customer’s illegal transaction through UMF.

 

What Is Money Laundry?

In accordance with the relevant provisions in the Criminal Law of China, money laundry refers to the criminal act that, although knowing it is criminal income or earnings generated from crime, still by various means withholding and covering up the criminal income and its earnings. For example, providing bank account for criminal offender, buying goods or services, transferring funds, etc.

 

Criminal Activities Which are Main Sources of “Black Money”

All income gained from criminal activities is “black money”, and the earnings obtained from depositing the “black money” in financial institutions and making investment are also “black money”.

China’s Criminal Law stipulates 7 kinds of “upstream crime” related to money laundry: narcotics crime, organized crime of the underworld, terrorist activity crime, smuggling crime, bribery and corruption crime, crime against financial management order, and financial fraud crime.

 

Channels and Methods of Money Laundry

1. Through illegal private bank or home and abroad bank account to achieve cross-border transfer of criminal income

2. To take advantage of cash transaction and advanced economic environment to cover up the money laundry

3. To use other’s account to withdraw deposit and cut off the clue of capital transfer

4. To take advantages of various financial services online to avoid attracting attention from the bank

5. To establish shell company as “transfer station” of illegal money

6. Money laundry through transactions of share, fund, and insurance, as well as establishment of enterprise

7. Money laundry through purchase of real estate

8. Money laundry through transactions of jewelry and antique, as well as false auction

9. Money laundry through false import and export trade

10. Cash smuggling

 

Hazards of Money Laundry and Terrorism Financing

Hazard of money laundry

1. Making it more convenient for criminal offender to cover up and transfer earnings from delinquency, and providing further capital support for criminal activities, thus it will encourage criminal activities in a larger scale.

2. Weakening the results of state macroeconomic regulation and control, seriously impairing healthy economic development. Its major purpose is to cover up and withhold the illegal gains, and make the illegal gains seemingly legal.

3. Encouraging and fostering corruption, degrading social conduct, corrupting state organization, leading to social unfairness, and ruining state reputation.

4. Infringing legitimate rights and interests of legal economic entities, damaging microcosmic competitive environment in market, and jeopardizing effective operation of market mechanism and fair competition.

5. Causing irregular cash flow, and unsettling financial market.

6. Damaging the basis for financial institution's prudent operation, and increasing financial institution's legal risk and operational risk.

 

Hazard of terrorism financing

1. Terrorism financing provides basis and resource for terrorist activities by terrorist organizations and terrorists, helps terrorists to fulfill their conspiracy and leads to panic in society.

2. Terrorist activity will cause serious damage to the security of people’s lives and properties, and hinder the stable development of society.

3. Financial institution involved in terrorism financing will lose reputation and be subject to severe punishment and sanction, or even go into liquidation.

 

Legal Knowledge of Anti-money-laundry

1. Article 191 of the Criminal Law of the People’s Republic of China defines money laundry crime as below: the act to cover up or withhold the resource and nature of criminal income and its earnings obtained from narcotics crime, organized crimes of the underworld, crimes of smuggling, bribery and corruption crime, crime against financial management order, and financial fraud crime.

2. Provisions about punishments of money laundry in Article 191 of the Criminal Law of the People’s Republic of China are: to be sentenced to not more than five years of fixed-term imprisonment or criminal detention, and are to be in addition or exclusively sentenced to a fine not less than 5 percent and not more than 20 percent of the amount of money laundered, and the gains obtained through committing the crimes mentioned above are to be confiscated; when the circumstances are serious, the sentence is to be not less than five years and not more than 10 years of fixed-term imprisonment and a fine not less than 5 percent and not more than 20 percent of the amount of money laundered.

3. In Article 120 of the Criminal Law of the People’s Republic of China, the crime and punishment of providing financial support to terrorist activities are stipulated as: any individual who provides financial support to a terrorist organization or conducts terrorist activities, shall be sentenced to fixed-term imprisonment of not more than five years, criminal detention, surveillance or deprivation of political rights in addition to a fine; or if the circumstances are serious, be sentenced to fixed-term imprisonment of not less than five years in addition to a fine or forfeiture of property... Where an entity commits a crime as provided for in the preceding two paragraph, a fine shall be imposed on the entity, and the directly responsible person in charge and other directly liable persons shall be punished in accordance with the provisions of paragraph one.

4. The Egmont Group Financial Intelligence Units encourage all the countries to define the act of laundry income from all serious crimes as money laundry crime, and in recent years, further propose to define the act of covering up and withholding income from tax crime as money laundry crime as well.

5. Financial institutions and payment organizations shall comply with provisions about anti-money laundry in the Anti-money Laundry Law of the People’s Republic of China and its ancillary regulations, fulfill anti-money laundry duties including customer identification, recognition and report of large amount and suspicious transactions, related materials retention, etc. and accept the supervision and administration by People's Bank of China and relevant industries’ authorities.

6. In order to protect individual's privacy and enterprise’s business secret, the Anti-money Laundry Law of the People’s Republic of China stipulates that: Any client’s identity material or transactional information as acquired in the performance of the duties and functions of anti-money laundry according to law shall be kept confidential. None of the aforesaid information may be provided to any entity or individual in the absence of relevant provisions of law. The clients’ identity materials and transactional information as acquired by the administrative department of anti-money laundry or any other department or organ bearing the obligation of anti-money laundry supervision and administration according to law in the process of performing their anti-money laundry functions and duties shall only be used in the administrative anti-money laundry investigation. The clients’ identity materials and transactional information as acquired by the judicial organ according to the present Law shall only be used in the criminal litigation on anti-money laundry.

 

Protect Yourself, Keep away from Online Money Laundry

× Please don’t lease or lend your ID certificate

× Please don’t lease or lend your account, bank card and USB key

× Please don’t withdraw deposit for others by your own account

√ Please choose reliable payment organization

√ Please coordinate with payment organization for identification

Methods of anti-money-laundry report

Tel.: 010-88092000

Mailbox:  32-124 Mailbox, No. 35, Financial Street, Xicheng District, Beijing

Recipient Unit: Chinese Anti-money Laundry Monitoring and Analysis Center

Postcode: 100032

Fax: 010-88091999

Website: www.camlmac.gov.cn

Knowledge about safe use of bank card

In recent years, the popularization of bank card, especially the fast development of credit card, greatly facilitates the cardholder’s life. But security problems come along with convenience. Therefore, UMF advice you to learn some necessary knowledge and skills of using bank card, which could secure your property and enrich your life.

Please take care of your card

1. As a cardholder, after obtaining a new card, you should timely check the name, period of validity and type in the card.

2. Please sign in the blank for signature in the card’s back as soon as possible.

3. Please do not take the card’s IC chip and magnetic stripe near any magnetic article, or scrape them.

4. For security’s sake, please do not put your bank card along with ID card or the password of the credit card. If you find the bank card is lost or stolen, please immediately call the issuing bank’s customer service to report the loss.

5. Please protect your bank card’s information by properly keep, or timely handle and destroy its receipts including sales slip and statement of account.

 

Please secure your password

1. Please set the password reasonably. The bank card should be put away from ID card as possible as you can, and please do not set your password as numbers too easily guessable or too simple, such as birthday, phone number, ID card number, etc. If you receive short message with the password, please memorize the password and immediately destroy the message, or change your password. Then, please do not put your password in a place may be seen or obtain by others.

2. The password should be known only by the cardholder. You should beware of lawbreakers pretending to be personnel in bank or public security authorities to gain your password by cheating. In any case, real bank personnel or police will never ask the cardholder to provide bank card password or transfer money into account with unknown origin. If you are required as the above-mentioned, you should suspect the person’s identity and timely call the police through proper channel.

 

Security hints for POS swiping

1. Please keep the card within your range of visibility when swiping, and when inputting the password in a POS machine, you should shelter it with your hand or body to avoid others’ peep.

2. When consuming with your card given to the cashier for swiping, after the transaction succeeds, you will be asked to sign. Please carefully check the card number and amount in the bill, and afterwards if the information is confirmed as accurate, sign in the signature column of bill. Please notice that, this signature should be identical with that in the bank card’s back.

3. Please check whether the card returned by the cashier after the transaction is really yours.

 

Please be cautious about online payment

1. Please learn information of the online merchant transacting with you. It is important to check the merchant’s trueness and reliability by confirming its information during online shopping. Please be cautious!

2. Please use safe website and when visiting the payment page, pay attention to the URL, being cautious about fake payment website. Please choose the official URL to log in, and do not transact online in internet bar and other public places. Please input important information (such as password) by soft keyboard, avoiding others to steal your card number and password through internet.

3. Please protect your personal information, know which of your information is collected by the merchant, and how those information would be used. Please never casually disclose your ID card number, Email address, bank card number and other important information.

4. Please use electronic equipment safely. There are various online payment terminals, and you had better install anti-virus and anti-Trojan horse programs (such as firewall) when using computer or other electronic products for online shopping. Furthermore, please form a habit of regularly updating anti-virus software to avoid new virus invasion.

5. Please keep your online shopping records in case of query in the future; do not disclose your certificate password and registered account password, or any other personal identification information; and irregularly change your password.

Security Center