ANTI-MONEY LAUNDERING AND KNOW YOUR CUSTOMER POLICY (AML/KYC POLICY)
Anti-Money Laundering and Know Your Customer Policy (AML/KYC Policy) serves as a robust framework designed to proactively prevent and address potential risks associated with illegal activities. Recognizing the unique challenges faced by gaming environments, where swift transactions and a myriad of payment options are prevalent, Rokubet is dedicated to fortifying its defenses against money laundering attempts. The paramount objective is to ensure the continued protection of its clients and the uninterrupted operation of the website.
1. Monitoring Activity
1.1. Employee training
Unusual Gaming Patterns: Employees are trained to identify gaming behaviors that deviate from the norm, signaling potential attempts at money laundering.
Deposit and Withdrawal Patterns: Unusual sizes and frequencies in deposit and withdrawal transactions are flagged for closer scrutiny.
Reliability of Card Data: The integrity of card data is constantly assessed to prevent fraudulent activities.
Customer Verification and Identity Theft: Employees are vigilant in addressing issues related to customer verification and the prevention of identity theft.
Account Linkage/Multiple Accounting: Any signs of account linkage or multiple accounting are thoroughly investigated.
1.2. Incident Reporting
Instances of suspected money laundering attempts are diligently reported to the Money Laundering Reporting Officer (MLRO).
1.3. Cashless Operations
Notably, Rokubet operates without a cash element, a strategic measure to mitigate risks associated with counterfeit money and cash money laundering.
1.4. Transaction Recording and Analysis
To improve its defenses, Rokubet employs advanced systems to record all transactions associated with an account. These transaction histories undergo checks to detect any anomalies that may suggest fraudulent activities.
2. Clients' Representations and Warranties
2.1. Compliance Assurance
Clients are required to comply with Anti-Money Laundering (AML) regulations and actively contribute to the fight against transaction fraud.
2.2. Age Verification
Clients are required to guarantee that they are at least 18 years old or meet the legal gambling age in their respective jurisdictions.
2.3. Ownership Verification
Clients affirm the lawful ownership of the funds in their accounts, providing accurate information during the checks.
2.4. Periodic Inspections and Checks
Rokubet reserves the right to conduct periodic inspections or checks, including those required by third parties or regulatory authorities, to confirm identity and contact details of customers.
2.5. Consequences of false information
If any information provided by a client is found to be false, inaccurate, misleading, or incomplete, it constitutes a breach of contract, and Rokubet reserves the right to take appropriate measures, including immediate account termination.
3. Prohibited jurisdictions
Clients are explicitly prohibited from creating accounts or depositing funds if they are located in specified states, including Afghanistan, Albania, Aruba, the Bahamas, Barbados, Belgium, Bonaire, Botswana, Burkina Faso, Cambodia, Cayman Islands, Curacao, Cuba, Cyprus, Democratic People's Republic of Korea, France, Germany, Ghana, Haiti, Iran, Iraq, Jamaica, Malta, Mauritius, Morocco, Myanmar, Netherlands, Nicaragua, Pakistan, Panama, Philippines, Russia, Saba, Senegal, Singapore, South Sudan, Statia, St Maarten, Sweden, Syria, Trinidad and Tobago, Uganda, USA, UK, Ukraine, Vanuatu, Yemen, Zimbabwe.
4. Know Your Customer (KYC) Policy
Rokubet adheres to international standards for customer due diligence (CDD) and establishes its verification procedures within the frameworks of Anti-Money Laundering and Know Your Customer guidelines.
5. Identity Verification
5.1. Documentation Requirement
Rokubet identity verification procedure necessitates users to provide reliable documents, data, or information such as a national ID, international passport, etc.
5.2. Authentication Processes
The casino employs legal methods to confirm the authenticity of documents and information provided by users. Special attention is given to users identified as risky or suspicious, and periodic checks may be conducted.
5.3. Ongoing Verification
Rokubet reserves the right to verify a user's identity on an ongoing basis, especially when there are changes to their identification information or when their activity raises suspicions.
5.4. Privacy Protections
In essence, Rokubet comprehensive AML/KYC Policy reflects its unwavering commitment to maintaining the integrity of its operations, fostering a secure gaming environment, and safeguarding its clients from the multifaceted risks associated with money laundering and other illicit activities.