1.1 We operate our activities in accordance with guidelines covering the laundering of monies acquired through illegal means and the prevention of funding of terrorism as prescribed in Directives 2005/60/CE and 2006/70/CE of the EU and The Money Laundering Control Act of 1986 (Public Law 99-570) as well as Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001 (Public Law 107-56) of the United States of America.
1.2 In accordance with these Directives and Acts the Company declares to use a number of procedures designed to detect and prevent Money Laundering and the Funding of Terrorism, these will include to:
1.2.1 maintain an active relationship with Forces of Law and Order;
1.2.2 report to the relevant authorities any suspicious or fraudulent activity on the account;
1.2.3 keep a record of certain documents;
1.2.4 maintain a high level of internal security checks;
1.2.5 carry out a correct and consistent assessment of risk for every operation, financial or otherwise;
1.2.6 do everything in its powers to properly register and identify each user / bettor through recognized KYC (Know Your Client) practices;
1.2.7 maintain the security and traceability of all financial transactions: to this end we observe the ban on cash transactions over 12,500 Euros, between individuals, even where the total is greater than 12,500 Euros but may be broken down in to smaller amounts. Any amount of 12,500 Euros will be transferred via an international Bank Transfer, Bank Wire, Electronic Money.
1.3 In order to properly verify it’s users / bettors and carry out the proper KYC procedures we will:
1.3.1 identify the user at the point of registration and for every money payment which benefits the user / bettor;
1.3.2 verify the identity of the user / bettor based on documents, data and information provided by the same user / bettor or from a reliable independent source;
1.3.3 keep a record of the operations carried out by the user / bettor;
1.3.4 continue to monitor user / bettor activities and details whilst the betting account is active and during the course of any professional relationship.
1.4 You agree that we are obliged to report to the relevant authorities any suspicious or fraudulent activity on the account. All such reporting will be done in accordance with the law and will be respect the privacy of any individual who brings some suspected fraudulent activity to the Company’s attention.
1.5 An account which is suspected of some fraudulent activity will be disabled and will remain disabled until the end of investigation by the relevant authorities.