KYC/AML Policy

1. Overview

At Firevegas Casino, we are dedicated to ensuring a safe and lawful gaming environment for all of our customers. This policy outlines our Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures to prevent fraud, money laundering, and other illicit activities. We comply with all applicable laws and regulations, including those within our operating jurisdictions and global standards.

2. Customer Identification (KYC)

To verify the identity of our customers, we will gather the following details during the account registration process:

  • Full Name: The customer’s complete legal name.
  • Date of Birth: To ensure the customer is of legal age for gambling.
  • Country of Citizenship: The customer’s nationality.
  • Residential Address: A current home address.
  • Government-Issued ID: Passport, driver’s license, or national ID card.
  • Proof of Address: Recent utility bills, bank statements, or official documents (dated within the past 3 months).

We will use trusted ID verification tools and services to confirm the authenticity of the submitted documents.

3. Customer Due Diligence (CDD)

  • Standard Due Diligence: Every customer is required to undergo standard due diligence when creating an account and before initiating withdrawals. This includes verifying submitted information and validating the authenticity of the documents.
  • Enhanced Due Diligence (EDD): Customers deemed high-risk — such as those from high-risk countries, individuals with large gaming activity, or Politically Exposed Persons (PEPs) — will undergo enhanced due diligence, which includes more in-depth checks.

4. Anti-Money Laundering (AML) Measures

We employ robust measures to detect and prevent money laundering, including:

  • Transaction Monitoring: We continuously monitor transactions for irregularities, such as large or frequent deposits and withdrawals, inconsistent betting patterns, and other suspicious activities.
  • Suspicious Activity Reports (SARs): Any suspicious activities will be reported to the relevant authorities, such as the Financial Intelligence Unit (FIU).
  • Record Keeping: We retain detailed records of customer documentation, transactions, and interactions for a minimum of five years, as required by law.

5. Verifying the Source of Funds

For significant transactions or if there is uncertainty about the origin of funds, customers may be asked to provide:

  • Source of Funds Declaration: A written explanation detailing the origin of their funds.
  • Supporting Documents: Bank statements, pay slips, or any other relevant documentation to validate the declared source.

6. Risk-Based Approach

We assess and manage money laundering risks through a risk-based approach:

  • Risk Assessment: Every customer undergoes a risk evaluation based on factors such as location, transaction behavior, and betting patterns.
  • Risk Categorization: Customers are categorized into different risk levels — low, medium, or high — and receive appropriate monitoring and scrutiny based on their risk profile.

7. Employee Training

Our staff undergoes regular training on:

  • KYC/AML Regulations: Understanding the legal requirements for customer verification and anti-money laundering.
  • Recognizing Suspicious Activity: How to detect potential fraud or money laundering indicators.
  • Reporting Procedures: Employees are trained on how to escalate suspicious transactions internally and report them to the proper authorities.

8. Sanctions and Watchlist Screening

We screen all customers against relevant sanctions lists and watchlists, including:

  • Sanctions Lists: National and international sanctions, such as those maintained by the OFAC and UN Sanctions.
  • Politically Exposed Persons (PEPs): Individuals with political prominence and their immediate families are subject to enhanced scrutiny before being permitted to withdraw significant amounts or place high-risk bets.

9. Promoting Responsible Gambling

To protect our customers and encourage responsible gambling, we provide tools for self-exclusion and limit-setting:

  • Self-Exclusion: Players can self-exclude from gambling either temporarily or permanently if they feel their gambling habits are problematic.
  • Deposit Limits: Customers can set limits on how much money they can deposit or wager within a set period.

10. Reporting and Audits

We maintain comprehensive records of all customer accounts, transactions, and compliance checks. These records are available for audit by regulatory authorities upon request. Additionally, we conduct regular internal audits to ensure our KYC/AML procedures are effective and compliant.

11. Legal Compliance

This policy ensures compliance with applicable gambling regulations in our operating jurisdictions, such as relevant regulation in your country.

12. Policy Review

Our KYC/AML policy is reviewed and updated regularly to ensure it remains aligned with changing regulations, emerging risks, and best practices in the gambling industry.

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