Goldsbet Casino (“we,” “our,” “us”) is committed to preventing money laundering (ML), terrorist financing (TF), and other illegal activities. This Anti-Money Laundering (AML) Policy outlines the measures and procedures we implement to comply with applicable laws and regulations, ensuring the integrity and security of our platform.
1. Purpose of the AML Policy
The primary goals of this policy are to:
- Prevent Goldsbet Casino from being used for money laundering or terrorist financing.
- Ensure compliance with local and international AML laws.
- Protect the casino’s reputation by promoting transparency and accountability.
- Foster a safe and secure gaming environment for all users.
2. Regulatory Compliance
Goldsbet Casino adheres to the AML regulations of the jurisdictions in which we operate. This includes compliance with:
- Local and international anti-money laundering laws.
- “Know Your Customer” (KYC) and “Customer Due Diligence” (CDD) requirements.
- Reporting obligations to relevant authorities.
3. Know Your Customer (KYC)
a. Identity Verification
All players are required to provide accurate and verifiable information during account registration, including:
- Full name
- Date of birth
- Residential address
- Valid government-issued identification (e.g., passport, driver’s license)
- Proof of address (e.g., utility bill, bank statement)
b. Ongoing Monitoring
We continuously monitor player accounts and transactions to identify suspicious activity, including:
- Unusual or high-risk transactions.
- Accounts with inconsistent or incomplete information.
- Repeated deposits and withdrawals without gameplay.
4. Risk-Based Approach
Goldsbet Casino adopts a risk-based approach to AML compliance. This involves assessing the risks associated with different users, regions, and transactions and applying appropriate measures based on the level of risk.
a. Risk Assessment
We evaluate risk based on factors such as:
- Customer location (e.g., high-risk jurisdictions).
- Transaction size and frequency.
- Payment methods (e.g., cash equivalents, cryptocurrencies).
b. Enhanced Due Diligence (EDD)
For high-risk accounts or transactions, additional measures are implemented, including:
- Verifying the source of funds.
- Obtaining additional documentation.
- Regularly updating customer information.
5. Monitoring and Reporting
a. Transaction Monitoring
Goldsbet Casino uses automated and manual systems to monitor transactions for unusual patterns, including:
- Large or frequent deposits and withdrawals.
- Activity inconsistent with a player’s profile.
- Transactions involving high-risk jurisdictions.
b. Suspicious Activity Reporting (SAR)
If suspicious activity is identified, a Suspicious Activity Report (SAR) is submitted to the relevant regulatory authority. This includes:
- Detailing the nature and reason for suspicion.
- Providing supporting evidence, such as transaction history.
- Ensuring confidentiality and non-disclosure to the player.
6. Record Keeping
Goldsbet Casino retains AML-related records for at least five years, including:
- Customer identification documents.
- Transaction history and analysis.
- Correspondence related to suspicious activity.
This ensures compliance with legal obligations and facilitates audits by regulatory authorities.
7. Employee Training
All Goldsbet Casino employees involved in customer interactions or financial operations receive regular AML training. This includes:
- Recognizing red flags and suspicious activity.
- Understanding KYC and CDD procedures.
- Reporting and escalation protocols.
8. Prohibited Activities
Goldsbet Casino strictly prohibits the following:
- Anonymous accounts or transactions.
- Using the platform to transfer or conceal illicit funds.
- Structuring transactions to avoid reporting thresholds.
- Funding accounts with proceeds from criminal activities.
9. Cryptocurrency Transactions
If cryptocurrency is accepted on the platform, additional AML measures apply:
- Verifying the source of crypto funds.
- Monitoring for suspicious wallet addresses.
- Using blockchain analysis tools to detect illicit activity.
10. Cooperation with Authorities
Goldsbet Casino cooperates fully with law enforcement and regulatory bodies to combat money laundering and terrorist financing. This includes:
- Providing requested information and documentation.
- Responding promptly to subpoenas or legal inquiries.
- Assisting in investigations related to AML violations.
11. Player Responsibilities
By using Goldsbet Casino, players agree to:
- Provide accurate and truthful information during registration.
- Update account details if personal information changes.
- Avoid using the platform for illegal activities, including money laundering.
12. Violations and Consequences
Goldsbet Casino reserves the right to take action against accounts involved in suspected money laundering or illegal activities, including:
- Freezing or closing the account.
- Reporting the account to regulatory authorities.
- Confiscating funds linked to illicit activity.
13. Policy Updates
This AML Policy may be updated periodically to reflect changes in legal requirements or business practices. Players are encouraged to review this policy regularly to stay informed.
14. Contact Us
For questions or concerns about this AML Policy, please contact us:
- Email: [email protected]
Goldsbet Casino is committed to maintaining the highest standards of compliance, integrity, and transparency. By adhering to this AML Policy, we aim to create a secure and trustworthy environment for all our players.