KYC and AML Policy

Anti-Money Laundering (AML) and Know Your Customer (KYC) Policy

Last updated: [Date]

1. Introduction

Cazino-big.com is operated by [Company Name] and is committed to maintaining high security standards for all users and customers. Our AML and KYC policies ensure that customer identities are verified and that deposit methods are legitimate, preventing fraud and money laundering.

These policies comply with international regulations, including:

• EU Directive 2015/849 – Prevention of financial system misuse for money laundering.
• EU Regulation 2015/847 – Accompanying information on fund transfers.
• Various EU regulations – Covering sanctions, embargoes, and restrictions on goods.
• Belgian Law of 18 September 2017 – Prevention of money laundering and cash use limitations.

2. Definition of Money Laundering

Money laundering refers to activities such as:

• Converting or transferring funds obtained from criminal activities to disguise their illegal origin.
• Concealing the source, ownership, or movement of illicit funds.
• Acquiring or using criminally derived assets.
• Participating in or facilitating any of the above activities.

Money laundering applies even if the original criminal activity occurred in another country.

3. AML Compliance and Organization

Cazino-big.com has designated a Compliance Officer (AMLCO) responsible for enforcing AML policies. The AMLCO operates under direct management oversight and ensures that all procedures align with legal requirements.

Any major changes to our AML policy require approval from senior management.

4. Two-Step Verification Process

Step 1: Basic Verification

All users must complete this step before withdrawing funds. Required information includes:

• Full name
• Date of birth
• Country of residence
• Gender
• Full address

Step 2: Advanced Verification

For transactions over $3,000 (deposit or withdrawal), users must provide:

• A photo of their ID (passport, driver’s license, or national ID)
• A selfie holding the ID next to a handwritten note with a unique code

5. Customer Identification & Proof of Address (KYC)

KYC verification requires:

• A valid government-issued ID
• Proof of address (e.g., utility bill, bank statement, or government letter issued within the last 3 months)

All submitted documents must be clear, legible, and show all four corners of the document.

6. Source of Funds (SOW) Verification

For deposits over €5,000, users must provide proof of their source of wealth, such as:

• Business ownership documents
• Employment income proof
• Inheritance or investment records
• Family financial support

If users fail to provide proof, their account may be temporarily frozen until verification is complete.

7. Risk Management & Regional Categorization

Cazino-big.com categorizes countries into three risk levels:

• Low-Risk (Region 1): Standard two-step verification applies.
• Medium-Risk (Region 2): Three-step verification required for lower transaction amounts.
• High-Risk (Region 3): Users from these regions are banned.

Crypto-to-fiat transactions are subject to enhanced verification.

8. AI Monitoring & Transaction Analysis

An AI-driven system, monitored by the AMLCO, detects suspicious activities, including:

• Depositing and withdrawing funds without active betting
• Using multiple bank accounts for transactions
• Frequent nationality or currency changes
• Irregular behavior patterns

A human compliance team reviews all flagged cases.

9. Enterprise-Wide Risk Assessment (EWRA)

Cazino-big.com conducts an annual AML risk assessment to evaluate threats related to:

• Services offered
• Customer behavior
• Transaction types
• Geographic risks

10. Ongoing Transaction Monitoring

Our three-tier monitoring system ensures security:

1. First Line of Control: Trusted Payment Service Providers conduct primary checks.
2. Second Line of Control: Employees oversee transactions and verify KYC compliance.
3. Third Line of Control: High-risk users undergo manual review by AML specialists.

11. Reporting Suspicious Transactions

Employees are required to report unusual activity to the AML team. Based on investigations, Cazino-big.com may:

• Report cases to Financial Intelligence Units (FIU)
• Terminate customer accounts if necessary

12. Data Security & Record Keeping

• Customer data is encrypted and stored securely both online and offline.
• KYC and transaction records are retained for at least 10 years.
• Personal data is never sold or shared unless required by law.

13. Employee Training & Auditing

• Mandatory AML training for all finance-related employees.
• Regular internal audits to ensure policy compliance.

14. Contact Information

For any questions regarding our AML & KYC policy, contact us at:

📧 Support: contact(@) cazino-big.com