Bet Operator → AML Procedures

Introduction

The Company has in place adequate measures to prevent its systems from being used for the purposes of money laundering, terrorist financing or any other criminal activity. The Company is therefore obliged to follow the provisions contained in the international legal framework and the Prevention of Money Laundering rules, by using as model the rules prescribed in Directives 2005/60/CE and 2006/70/CE to Prevent Money Laundering and Funding of Terrorism.

Objective

The Company is fully committed to be constantly vigilant to prevent money laundering and combat the financing of terrorism in order to minimise and manage risks such as the risks to its reputational risk, legal risk and regulatory risk. It is also committed to its social duty to prevent serious crime and not to allow its systems to be abused in furtherance of these crimes.

The Company will endeavour to keep itself updated with developments both at national and international level on any initiatives to prevent money laundering and the financing of terrorism. It commits itself to protect, at all times, the organisation and its operations and safeguards its reputation and all from the threat of money laundering, the funding of terrorist and other criminal activities.

Obligations

In order to adhere to the requirements of the Prevention of Money Laundering Act, the regulations and any guidance notes The Company has implemented:

• One of its senior officers as the designated Money Laundering Reporting Officer (MLRO) whose responsibilities will include the duties required by the laws regulations and guidance notes.
• Take reasonable steps to establish the identity of any company for whom it is proposed to provide its service.

For this purpose, the process for the registration of Players under the General Terms and Conditions provides for the due diligence process that is carried out before the opening of a User Account the following precautions:

• Retain identification and transactional documentation as defined in the laws regulations notes.
• Ensure that this policy is developed and maintained in line with evolving statutory and regulatory obligation and advice from the relevant authorities.
• Examine with special attention, and to the extent possible, the background and purpose of any complex or large transactions and any transactions which are particularly likely, by their nature, to be related to money laundering or the funding of terrorism.
• Cooperate with all relevant administrative, enforcement and judicial authorities in their endeavour to prevent and detect criminal activity.