Anti-Money Laundering, Counter-Terrorist Financing, and Prevention of Misuse of Payment & Financing Services Policy

Rapid Rooms Real Estate Company (RushRooms)

1. Introduction

Rapid Rooms Real Estate Company ("RushRooms"), the owner and operator of the RushRooms platform, is committed to maintaining the highest standards of integrity, transparency, and regulatory compliance. The Company adopts appropriate measures and controls to prevent the Platform from being used for any unlawful activities, including money laundering, terrorist financing, financial fraud, misuse of payment, financing, or installment services, or any practices intended to circumvent applicable laws, regulations, or the policies of payment and financing service providers.

This Policy aims to protect the Platform, its users, and its business partners, promote a secure and trustworthy marketplace, and ensure compliance with the applicable laws and regulations of the Kingdom of Saudi Arabia.

2. Scope of Application

This Policy applies to all users of the RushRooms Platform, including, but not limited to:

• Lessors;
• Lessees;
• Sellers;
• Buyers;
• Individuals;
• Establishments;
• Companies; and
• Any natural or legal person who accesses, uses, or benefits from the Platform or its services in any capacity.

This Policy also applies to all transactions conducted through the Platform, including sales, purchases, rentals, leasing, electronic payments, Buy Now Pay Later (BNPL) services, installment payments, financing services, and any payment or financial services provided through RushRooms' payment or financing partners.

3. Purpose of the Policy

This Policy is intended to:

• Prevent the use of the Platform for money laundering, terrorist financing, or any other unlawful financial activities.
• Prevent the misuse of installment, financing, and Buy Now Pay Later (BNPL) services.
• Protect users, business partners, and payment and financing service providers.
• Reduce the risks of fraud, fictitious transactions, and financial abuse.
• Promote transparency, integrity, compliance, and trust across all Platform transactions.
• Ensure compliance with the applicable laws and regulations of the Kingdom of Saudi Arabia.

4. Prohibited Activities

The use of the RushRooms Platform for any unlawful or unauthorized activity is strictly prohibited, including, without limitation:

• Money laundering or attempts to conceal or disguise the origin of funds or assets.
• Financing terrorism or supporting any activities prohibited by applicable law.
• Conducting fictitious, sham, or non-genuine sales, purchases, rentals, or leasing transactions.
• Using the Platform to obtain cash liquidity through artificial or non-genuine transactions.
• Misusing installment, financing, or Buy Now Pay Later (BNPL) services.
• Conducting transactions intended to facilitate cash-out schemes, unlawful monetization, regulatory circumvention, or violations of the policies of payment or financing providers.
• Colluding between parties to execute fake or misleading transactions.
• Providing false, misleading, forged, or fraudulent information or documentation.
• Impersonating another person or using accounts without proper authorization.
• Using unauthorized or suspicious payment methods.
• Engaging in fraud, deception, or any activity that violates applicable laws, regulations, or Platform policies.

5. User Obligations

All users of the Platform agree to:

• Use the Platform solely for legitimate and lawful transactions.
• Ensure that all sales, purchases, rentals, and leasing transactions are genuine and supported by actual commercial intent.
• Refrain from using installment, financing, or Buy Now Pay Later (BNPL) services to obtain cash liquidity or for any purpose that violates applicable laws or the terms and conditions of payment or financing providers.
• Provide accurate, complete, and up-to-date information and documentation whenever requested.
• Cooperate with RushRooms during any verification, compliance review, or investigation.
• Comply with all applicable laws, regulations, Platform policies, and contractual obligations.

6. Verification Procedures

RushRooms reserves the right, at any time, to verify the legitimacy of any transaction or the identity of any user. Such verification may include requesting identification documents, commercial registration certificates, invoices, proof of ownership, source-of-funds information, or any other documents or information deemed necessary before or after a transaction is completed.

7. Suspicious Activities

RushRooms may classify a transaction or account as suspicious whenever there are reasonable grounds to believe that unlawful activity may be involved. Indicators of suspicious activity may include, without limitation:

• Unusual or repetitive transaction patterns.
• Transactions inconsistent with the user's declared activities.
• Multiple accounts without legitimate justification.
• Refusal or failure to provide requested information or supporting documents.
• Indicators that a transaction is fictitious or intended to circumvent payment or financing controls.
• Any conduct suggesting money laundering, terrorist financing, fraud, financial abuse, or other unlawful activity.

8. Actions in the Event of Suspicion

Where RushRooms reasonably suspects a violation of this Policy or applicable law, the Company may, without prior notice and to the extent permitted by law, take any action it considers appropriate, including:

• Suspending or blocking a transaction.
• Restricting, suspending, or permanently closing a user account.
• Rejecting or canceling transactions.
• Requesting additional documents or information.
• Temporarily withholding payments or settlements pending completion of an investigation.
• Cooperating with payment service providers, financing partners, banks, and competent authorities.
• Reporting suspicious activities where required under applicable laws and regulations.
• Taking any other action reasonably necessary to protect the Platform, its users, its partners, or to comply with legal and regulatory obligations.

9. Record Retention

RushRooms may retain user information, transaction records, verification documents, and related data for the period required by applicable laws, regulatory requirements, contractual obligations, or internal compliance and risk management procedures.

10. Amendments to this Policy

Rapid Rooms Real Estate Company reserves the right to amend, modify, or update this Policy at any time to reflect changes in applicable laws, regulatory requirements, operational needs, or the requirements of payment and financing service providers. Any amendments shall become effective upon publication through the Company's official communication channels or the RushRooms Platform, unless otherwise stated.