KYC & AML
BetPlanet is committed to combating money laundering and combating international terrorism (AML Policy). At the same time, the Company maintains a strong and principled position to prevent all kinds of illegal activities, as well as all related legal acts. In order to fulfill these obligations, the Company is obliged to inform the appropriate official authorities if there is reason to suspect that the funds deposited by the User into the account are related to the activities on the legalization of illegal proceeds or the financing of terrorism. The Company will also be required to block such User funds, as well as take other measures provided for by the rules of the AML policy.
Money laundering means:
Hiding or maintaining confidentiality with respect to information about the current origin, source, location, methods of disposal, movement, property rights or other rights to property obtained as a result of illegal activity (or property received in exchange for such property),
the conversion, transfer, receipt, possession or use of property obtained as a result of criminal activity (or property obtained in exchange for such property) in order to conceal the illegal origin of such property or to assist persons participating in criminal activity in order to avoid legal consequences of their actions,
a situation in which property was obtained as a result of criminal activity committed on the territory of another state.
In order to counter the penetration of criminal capital into the economy of the state and to counter the spread of crime, in many countries there is a constant struggle against money laundering and the financing of terrorism.
The company applies internal regulations and special programs of measures to help state and international organizations in the fight against money laundering and the financing of terrorism around the world.
By registering an account with the Company, you assume the following obligations:
You guarantee that you will follow all applicable laws and regulations on combating money laundering and terrorist financing, including the AML Policy.
You confirm that you do not have information or suspicions that the funds used to replenish the account in the past, present or future were obtained from an unlawful source or have anything to do with the legalization of illegal proceeds or other unlawful activities prohibited by applicable law or the instructions of any international organizations;
You also agree to immediately provide us with any information that we consider necessary to request in order to comply with applicable laws and regulatory requirements in relation to counteracting the legalization of funds obtained illegally.
The Company collects and stores documents proving the identity of the User, as well as reports on all transactions made on the account;
The Company monitors suspicious transactions in the User’s account, as well as transactions carried out under special conditions;
The Company reserves the right at any time and at any stage to refuse the User to carry out an operation if the Company has reason to believe that this operation has any relation to money laundering and criminal activity. In accordance with international law, the Company is not obligated to notify the User that its activity is suspicious, and information about it has been transmitted to the relevant state bodies.
In accordance with the internal AML-Policy, the Company carries out initial and ongoing verification of the identity of the Users of the company in accordance with the level of potential risk associated with each User.
The company will require you to provide minimum information to verify your identity.
The company will record and save data and documents proving your identity, as well as information about which methods were used to verify your identity and the results of checks.
The company will check your personal data for matches with the list of persons suspected of terrorism formed by authorized state and independent bodies. The minimum set of identification data includes: - the full name of the User; - date of birth (for individuals); address of residence or registration address of the User;
Source of funds planned to be deposited to the company’s account.
To verify and confirm the authenticity of the above data, the Company may require the following documents from the User:
passport or identification card, or another document replacing them, which meets the following requirements: - contains the name, date of birth and photo of the owner of the document; - was issued by national government agencies,
a recently received invoice for payment of utility bills (no older than 3 months) or another document confirming the address of the user's residence.
The company may also request other additional information, supported by relevant documents. In certain cases, the Company may also request notarized copies of documents from the User.