1. Introduction
ValorBet is committed to preventing money laundering and terrorist financing. We adhere to all applicable laws and regulations related to AML.
2. Customer Due Diligence (CDD)
- We conduct thorough verification of our customers’ identities.
- Customers must provide valid identification documents during the registration process.
- We perform ongoing monitoring of customer transactions to identify suspicious activities.
3. Record Keeping
- We maintain detailed records of customer transactions and identification documents for at least five years.
- These records are securely stored and only accessible to authorized personnel.
4. Reporting Suspicious Activities
- Any suspicious activities will be reported to the relevant authorities without delay.
- Employees are trained to recognize and report potential money laundering activities.
5. Employee Training
- All employees receive regular training on AML policies and procedures.
- Training includes recognizing suspicious transactions and understanding reporting obligations.
6. Risk Assessment
- We conduct regular risk assessments to identify and mitigate potential money laundering risks.
- Enhanced due diligence is applied to high-risk customers and transactions.
7. Compliance Officer
- We have appointed a dedicated AML Compliance Officer responsible for implementing and overseeing our AML policies.
- The Compliance Officer ensures that all employees comply with AML regulations and procedures.
8. Prohibited Practices
- We do not accept anonymous accounts or third-party payments.
- We do not engage in business with individuals or entities known to be involved in criminal activities.
9. Cooperation with Authorities
- We fully cooperate with law enforcement and regulatory authorities in investigations related to money laundering and terrorist financing.
- Information will be shared with authorities as required by law.
10. Review and Update
- Our AML policies are regularly reviewed and updated to ensure compliance with the latest laws and regulations.
- Any changes to our AML policies will be communicated to all employees and relevant stakeholders.
11. Contact Us
If you have any questions or concerns about our AML policies, please contact us at support@valor.bet.
