AML Policy
1. Introduction
Unexpected Ltd. ("Company", "we", "us") is committed to combating money laundering and terrorist financing. This Anti-Money Laundering (AML) Policy outlines our procedures and practices for complying with relevant laws and regulations. We are dedicated to preventing our Platform from being used for illegal activities and protecting the integrity of the gaming industry.
2. Know Your Customer (KYC) Procedures
We employ a layered Know Your Customer (KYC) approach to verify the identity and legitimacy of our users. The level of verification required may vary depending on user activity and potential risk factors.
Level 1 (Basic Verification)
- Required for all users.
- Collects basic information such as full name, date of birth, residential address, country, and email address.
Level 2 (Enhanced Verification)
- Required for users exceeding specific deposit or withdrawal thresholds.
- Requires verification of identity through government-issued photo ID and proof of address documentation.
Level 3 (Optional Advanced Verification)
- For users engaging in high-risk activity or upon suspicion of potential money laundering.
- May involve additional verification measures such as source of funds documentation, bank statements, and tax returns.
3. Transaction Monitoring
We continuously monitor user activity and transactions for suspicious patterns indicative of money laundering or other illegal activities. This includes analyzing factors such as:
- Unusual transaction volumes or amounts
- Suspicious source or destination of funds
- Frequent deposits or withdrawals with no corresponding gaming activity
- Inconsistencies between user information and transaction data
4. Red Flag Indicators
We have established a set of red flag indicators that alert us to potential suspicious activity. These may include:
- Using multiple accounts or registering from restricted territories
- Attempting to bypass or manipulate KYC procedures
- Structuring transactions to avoid scrutiny
- Providing false or misleading information
- Unexplained wealth or sudden increases in activity
5. Reporting Procedures
Any suspicious activity identified through our monitoring or red flag indicators is promptly reported to the relevant authorities in accordance with applicable laws and regulations. We cooperate fully with law enforcement investigations and provide any necessary information to assist in the fight against money laundering and terrorist financing.
6. Training and Awareness
We provide regular training to our employees on AML compliance procedures and the identification of suspicious activity. We also promote awareness among users about the importance of responsible gaming and potential risks associated with money laundering.
7. Data Security and Confidentiality
We implement robust security measures to protect user data from unauthorized access, disclosure, alteration, or destruction. We maintain strict confidentiality regarding user information and only share it with relevant authorities for legal compliance purposes.
8. Policy Review and Updates
We regularly review and update this AML Policy to ensure it reflects the latest regulatory requirements and industry best practices. We also adapt our procedures based on our ongoing risk assessments and emerging trends in money laundering activities.
9. Contact Us
If you have any questions or concerns about our AML Policy, please contact our Compliance Officer at [email protected]
Effective Date: 01.01.2024