How do you know that they have no vetting system in place ?
Hello newbie account holder. You seem to know a lot about this subject

The Adab haraam exchange mouthpiece OP called whitetoo stated it earlier that are happy to accept ICO funding from pimps and prostitutes and they will not vet anybody for the source of their income.
Anyway this whole project is a scam. The exchange is an excuse to steal ICO funds. They might open a low-level "exchange" to show the money is spent then they will siphon it off and close the "exchange" down