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Compliance

Compliance and fraud prevention

Effective from 23 April 2026

1. Summary of regulatory position

  • The Operator does not provide payment services or electronic money services within the meaning of Act No. 370/2017 Coll. No Czech National Bank (ČNB) licence is required.
  • Payment operations are carried out by Stripe Payments Europe, Limited (Ireland, licensed by the Central Bank of Ireland). Stripe is an AML obliged entity under Irish law (Criminal Justice Act 2010) and EU regulations.
  • FlipCoin is a single-purpose non-transferable credit in the Operator's ledger — the limited network exemption under § 3(3)(k) of Act No. 370/2017 Coll. applies.
  • The measures described in this document are applied by the Operator as best practice beyond statutory obligations — to protect users from fraud and abuse.

2. Stripe's role (licensed PSP)

Buyers' funds are received directly by Stripe, held in funds protected under Irish legislation (client-funds segregation) and paid out to the Tipster's verified bank account. The Operator does not directly handle the funds.

Stripe carries out its own KYC process (Connect Onboarding) including verification of identity documents, bank account and — for legal entities — verification of the ultimate beneficial owner (UBO). The result is passed to the Operator only as a status (verified / pending / rejected) without access to sensitive documents.

3. FlipCoin — limited network

FC meet the criteria of the limited network exemption:

  • They cannot be transferred between users.
  • They cannot be used outside the Platform.
  • They are not exchangeable back to money outside the payout mechanism via Stripe based on a Tipster's earned income.
  • They serve exclusively to pay for a narrow range of services (tips, bounties, analytical features).

The Operator monitors the volume of FC operations; if it approaches the notification threshold for a limited network (EUR 1 million / month under ČNB methodology), it will notify the ČNB in advance of the intended activity and adjust the operating regime.

4. Best-practice measures of the Operator

4.1 Tipster verification

  • Mandatory Bank Identity verification before the first tip publication.
  • Stripe Connect onboarding (including KYC) before the first payout.
  • Detection of multi-accounting (shared devices, IP, browser fingerprints).

4.2 Sanctions and PEP screening

  • Screening against the consolidated EU, UN and OFAC SDN sanctions list at registration and periodically thereafter.
  • PEP screening against public sources; a positive match triggers escalation to manual review.

4.3 Monitoring

  • Automated transaction risk assessment (amount, speed of purchases, geolocation, correlation with complaints).
  • Risky transactions are escalated to manual review.
  • In case of suspected fraud the account is suspended pending clarification (max. 30 days).

5. Cooperation with authorities

The Operator cooperates with the Czech Police, the Financial Analytical Office (FAÚ), the Czech National Bank (ČNB) and other authorities to the extent required by law. It responds without undue delay to requests under § 8 of Act No. 141/1961 Coll. (Criminal Procedure Code). The Operator does not disclose user data outside the statutory framework.

6. Ongoing review

The Operator reviews the Platform's regulatory position at least once a year and whenever the product undergoes a significant change (e.g. increase of the FC limit, expansion into real estate trading). If the status changes (emergence of an AML obligation, proximity to the ČNB threshold, etc.), this document and the Terms of Service will be updated accordingly.

7. Contact

Send compliance matters to privacy@flipking.cz. Prexima Reality s.r.o., Nad obcí I 2110/29, 140 00 Prague 4 - Krč.