Introduction
Rizk Casino is committed to complying with all applicable anti-money laundering (AML) and counter-terrorist financing (CTF) regulations. This policy outlines the measures and procedures we implement to detect, prevent, and report potential money laundering and terrorist financing activities.
Objectives
The objectives of this AML Policy are to:
- Prevent the use of Rizk Casino’s services for money laundering or terrorist financing.
- Comply with all relevant legal and regulatory requirements.
- Maintain a robust framework for identifying, assessing, and mitigating AML risks.
- Foster a culture of compliance within the organization.
Legal Framework
This AML Policy is designed to comply with international and local regulations, including but not limited to:
- The EU Anti-Money Laundering Directives (AMLD)
- Financial Action Task Force (FATF) recommendations
- Local regulations applicable to online gambling and gaming activities
Customer Due Diligence (CDD)
Rizk Casino follows a risk-based approach to customer due diligence, which includes:
- Identification Verification: Verifying the identity of customers through reliable and independent sources.
- Enhanced Due Diligence (EDD): Applied to high-risk customers, including politically exposed persons (PEPs).
- Ongoing Monitoring: Continuously monitoring transactions and activities to identify suspicious patterns.
Customer Identification Procedures
- Obtain the customer’s full name, date of birth, address, and identification documents (e.g., passport, national ID, or driver’s license).
- Verify the authenticity of the documents through appropriate means.
- Maintain records of the verification process.
Monitoring and Reporting Suspicious Activity
Rizk Casino employs advanced monitoring systems to detect unusual or suspicious transactions. Our monitoring includes:
- Real-time analysis of transactions and gaming activities.
- Identification of high-risk behavior and unusual betting patterns.
- Generation of automated alerts for manual review.
Reporting Suspicious Transactions
If a suspicious activity is detected, Rizk Casino will:
- Conduct an internal investigation to verify the legitimacy of the activity.
- Report the findings to the appropriate authorities through a Suspicious Transaction Report (STR).
- Cooperate fully with law enforcement and regulatory agencies.
Record Keeping
We maintain comprehensive records of:
- Customer identification and verification data.
- Transaction logs and monitoring reports.
- Internal and external communications related to AML compliance.
These records are retained for a minimum of five years, as required by law.
Employee Training
All employees involved in customer interaction and transaction processing undergo regular AML training to ensure they understand:
- Relevant legal obligations and regulatory requirements.
- How to detect suspicious activities and patterns.
- The correct procedures for reporting to the AML Compliance Officer.
Risk Assessment
Rizk Casino conducts ongoing risk assessments to:
- Identify potential vulnerabilities in our services.
- Implement controls to mitigate identified risks.
- Adapt to changes in regulations and criminal tactics.
AML Compliance Officer
An appointed AML Compliance Officer is responsible for overseeing the implementation and maintenance of this policy. Duties include:
- Regular audits and evaluations of AML processes.
- Filing required reports with relevant authorities.
- Training staff on compliance procedures.
Policy Review
This AML Policy is subject to periodic review to ensure ongoing compliance with evolving regulations and industry standards.
Contact Information
For further information or to report any suspicious activities, please contact: Email: [email protected]
