1. Introduction and Purpose
CasinoForYou is committed to the prevention of money laundering and terrorist financing. This Anti-Money Laundering (AML) Policy outlines the measures, procedures, and controls we implement to detect, prevent, and report suspicious activities in connection with our white label casino platform services.
This policy applies to all employees, contractors, partners, and Operators who use our platform.
2. Regulatory Framework
Our AML program is designed to comply with applicable anti-money laundering regulations, including but not limited to:
- The Financial Action Task Force (FATF) Recommendations
- EU Anti-Money Laundering Directives
- Applicable national legislation in jurisdictions where our Operators hold licenses
- Relevant gambling commission requirements and guidelines
3. Know Your Customer (KYC)
Operator Verification
Before onboarding, all Operators must complete a due diligence process that includes:
- Verification of business registration and corporate structure
- Identification and verification of beneficial owners and directors
- Proof of valid gambling license(s) for intended operating jurisdictions
- Source of funds documentation
- Assessment of the Operator's own AML/KYC procedures
Player Verification (Platform-Level Tools)
Our platform provides integrated KYC tools that enable Operators to verify their players, including:
- Identity document verification (passport, national ID, driver's license)
- Address verification through utility bills or bank statements
- Age verification to prevent underage gambling
- Source of funds checks for high-value deposits
- Enhanced due diligence for politically exposed persons (PEPs)
4. Transaction Monitoring
The platform includes automated transaction monitoring systems that flag:
- Unusually large deposits or withdrawals
- Rapid movement of funds with minimal gaming activity
- Deposits from multiple payment methods by a single player
- Patterns consistent with structuring or layering
- Transactions involving high-risk jurisdictions
- Significant changes in player behavior or transaction patterns
Flagged transactions are reviewed by compliance personnel. Operators are responsible for investigating alerts generated within their player base and taking appropriate action.
5. Risk Assessment
We conduct ongoing risk assessments that consider:
- Geographic risk: Jurisdictions of operation and player origin
- Product risk: Types of games and transaction volumes
- Channel risk: Payment methods and cryptocurrency usage
- Customer risk: Operator profile, player demographics, and transaction patterns
Risk ratings are assigned to Operators during onboarding and reviewed periodically. Higher-risk relationships are subject to enhanced due diligence measures.
6. Suspicious Activity Reporting
All employees and Operators are required to report suspicious activities. When suspicious activity is identified:
- The relevant account or transaction is flagged for review
- Internal investigation is initiated by the compliance team
- Suspicious Activity Reports (SARs) are filed with the appropriate Financial Intelligence Unit (FIU) where required
- The subject of the report is not informed of the filing (tipping-off prohibition)
7. Record Keeping
In accordance with regulatory requirements, we maintain records of:
- All customer identification and verification documents
- Transaction records and audit trails
- Risk assessments and due diligence results
- Suspicious activity reports and investigation outcomes
- Training records for staff
Records are retained for a minimum of five years after the end of the business relationship or the date of the transaction, whichever is later, unless local regulations require a longer retention period.
8. Staff Training
All relevant personnel receive regular AML training covering:
- Recognizing indicators of money laundering and terrorist financing
- KYC procedures and customer due diligence requirements
- Internal reporting procedures for suspicious activities
- Regulatory updates and changes to AML legislation
- Consequences of non-compliance
9. Operator Responsibilities
Operators using our platform are required to:
- Maintain their own AML policies compliant with their licensing jurisdictions
- Use the platform's KYC tools to verify players as required by their license conditions
- Monitor and investigate flagged transactions within their player base
- File SARs with relevant authorities as required by local regulations
- Cooperate fully with any AML investigations or regulatory inquiries
- Not knowingly process transactions suspected of being linked to money laundering
10. Sanctions Screening
We screen against internationally recognized sanctions lists, including lists maintained by the UN, EU, OFAC, and other relevant authorities. Transactions or relationships involving sanctioned individuals, entities, or jurisdictions are prohibited and reported to relevant authorities.
11. Policy Review
This AML Policy is reviewed and updated at least annually, or more frequently when significant regulatory changes occur. Updates are communicated to all relevant personnel and Operators.
12. Compliance Contact
For AML-related inquiries or to report suspicious activity: