Anti-money Laundering Policy

Scope and Purpose

Ffbet Anti-Money Laundering (AML) Policy establishes the standards to prevent money laundering, financing of terrorism, and other financial crimes in connection with our gaming services. It applies to all customers, including players who deposit, wager, or withdraw, and to all staff and agents acting on behalf of Ffbet.

Regulatory Foundation

Ffbet operates under applicable gaming and financial crime laws. The policy reflects requirements for customer due diligence, identification, verification, record-keeping, reporting of suspicious transactions, and cooperation with competent authorities. Compliance is mandatory for all operations, and deviations require written justification and approval by the Compliance Officer.

Definitions

Key terms used in this policy include Know Your Customer KYC, Customer Due Diligence CDD, Enhanced Due Diligence EDD, and terms related to sanctions, suspicious activity, and money laundering.

Know Your Customer and Customer Due Diligence

We perform KYC at onboarding and during the course of the relationship. Verification is required before processing withdrawals and at milestones determined by risk assessment.

• Identity Verification: The customer must provide one valid government issued ID: passport, national identity card, or driver’s license. The document must clearly display the full name, date of birth, and a photograph and be valid at the time of submission.
• Address Verification: To confirm residence, accept a utility bill, bank statement, or official government correspondence dated within the last three months showing the customer’s name and address.
• Payment Verification: For payment methods, provide a front side copy of the card with the first six and last four digits visible and the CVV redacted, or a screenshot of an e-wallet or bank statement confirming ownership and matching the account name.

Enhanced Due Diligence

For high risk customers or transactions, we perform enhanced due diligence which may include additional identity verification, documentation of source of funds, and intensified ongoing monitoring. Examples include unusual transaction patterns, complex ownership structures, or activity not aligned with the known profile.

Ongoing Monitoring and Risk Based Approach

We apply ongoing monitoring of customer activity to identify suspicious or unusual behavior. Monitoring relies on automated analytics and manual review. Relationships are escalated if activity deviates from the profile, appears inconsistent, or lacks a justified source of funds.

Source of Funds and Source of Wealth

For transactions that exceed a defined risk threshold or show atypical funding sources, customers may be asked to provide documentation demonstrating the origin of funds and wealth. Acceptable evidence includes payslips, tax returns, bank statements showing incoming funds, or documentation of business income. Failure to provide acceptable SOF/SOW documentation may result in restrictions or account limitations.

Suspicious Activity Reporting and Cooperation with Authorities

Ffbet will report suspected money laundering or financial crime to the relevant authorities in accordance with applicable law. The Compliance Officer maintains an internal Suspicious Activity Register and will notify authorities when required. We may freeze or restrict access to funds during investigations and for the duration required by law.

Data Protection and Privacy

All personal data collected for AML/KYC purposes is processed lawfully and kept secure. Access is restricted to authorized personnel. Data is retained for a period consistent with legal obligations and then securely destroyed or anonymized. We do not disclose personal data to third parties except as required by law or with explicit customer consent.

Record Keeping

We maintain records of customer identification, transaction history, risk assessments, and due diligence activities for a minimum period of five years after the end of the relationship, or longer if required by law.

Account Restrictions and Non-Compliance

Non-compliance with this AML Policy may result in suspension or closure of accounts, withdrawal restrictions, forfeiture of bonuses, and potential reporting to regulatory authorities. We reserve the right to review, suspend, or terminate accounts based on risk assessment or compliance findings.

Underage Gaming and Age Verification

Ffbet prohibits participation by individuals below the legal age in their jurisdiction. We verify age during onboarding and may request additional documentation to confirm age at any time. If age cannot be verified, access to gameplay and withdrawals will be restricted until verification is completed.

Training, Governance, and Roles

Ffbet maintains an internal compliance program including training for staff on AML/KYC procedures, red flag indicators, and escalation paths. A designated Compliance Officer oversees policy adherence and periodic independent audits. All staff must escalate suspicious activity in accordance with internal procedures.

Policy Review and Updates

We review this AML Policy at least annually or as required by changes in law or regulatory guidance. Material changes take effect upon update and customer notification. The policy applies to all customer accounts and interactions, including deposits, bets, bonuses, and withdrawals.

Contact and Support

For questions or concerns regarding AML/KYC, contact the Compliance team at [email protected]. For general support, use the standard support channels provided in your account interface.