Anti-Money Laundering Policy

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The Anti-Money Laundering (AML) and Know Your Customer (KYC) policy and procedures of the Company are founded on the legal and regulatory frameworks, particularly the EU AML Directive (Directive (EU) 2015/849). These policies are designed to prevent money laundering, terrorist financing, and other illegal activities. The Company is committed to maintaining high AML/CTF standards, expecting adherence from management and employees. The AML/CTF compliance program includes various measures such as client identification and verification, risk assessments, enhanced due diligence for high-risk clients, monitoring and reporting suspicious activities, client screening against global watchlists, and staff training.

KYC policy

The KYC policy/procedures are integral to these efforts, focusing on client identification and adherence to specific guidelines for client acceptance. Continuous monitoring and information gathering are crucial, especially for high-risk clients. All relevant records and transaction data are maintained electronically for a minimum of ten years.

Risk-Based Approach

The Company employs a Risk-Based Approach (RBA) for AML/CTF risk assessments. This includes thorough checks on clients’ identities, backgrounds, source of funds, and transaction patterns, especially for high-risk clients or transactions.

Client Identification

Client identification is mandatory before any financial transaction. This process includes verifying client identity and residence, with no transactions allowed if this information is incomplete or dubious.

Politically Exposed Persons

Special attention is given to Politically Exposed Persons (PEPs), with specific policies and discretionary checks in place. The Company reserves the right to terminate accounts of identified PEPs, with the possibility of an administrative fee.

Required Information

Clients undergo an automated verification process, submitting personal information and identification documents.

Compliance Officer

Lastly, the Compliance Officer plays a key role in enforcing AML/KYC policies, overseeing transaction monitoring, policy development, risk assessment, record maintenance, and staff training. The officer is also responsible for liaising with law enforcement authorities as needed.

AuthorMichael Smith

Michael Smith is a notable figure in the iGaming industry, known for his extensive expertise and contributions to the field. His career spans over two decades, during which he has played a pivotal role in shaping the online gaming landscape. Smith's career in the iGaming industry began in the early 2000s. He started as a software developer for a small online gaming company, where he gained valuable experience in game design and user experience. His innovative approach and keen understanding of digital trends quickly propelled him up the ranks.