Aml & Kyc Policy

Scope and Purpose

This AML & KYC Policy (the Policy) governs Ffbet's compliance with applicable anti money laundering and countering financing of terrorism requirements. It applies to all customers and prospective customers, all account openings, deposits, wagers, withdrawals, and related information handling. The objective is to detect, deter, and report money laundering and terrorist financing while preserving data privacy and a secure gambling environment.

Regulatory Framework and Definitions

Ffbet operates in accordance with the Anti Money Laundering and Countering Financing of Terrorism Act and related regulations. For purposes of this Policy, the following terms have the specified meanings: Customer means any person or entity that opens, maintains, or uses an account; Source of Funds means the origin of funds used to fund an account; Source of Wealth means the Customer’s overall wealth and its typical sources; Know Your Customer (KYC) means the process of verifying identity and assessing risk; Customer Due Diligence (CDD) means the measures taken to identify and verify the Customer and assess risk; Enhanced Due Diligence (EDD) means additional verification and monitoring for higher risk customers or transactions; Ongoing Monitoring means continuous assessment of activity relative to risk; Politically Exposed Person (PEP) means an individual who holds or has held a prominent public function; Sanctions refers to lists of individuals or entities subject to legal restrictions. The Policy adopts a risk‑based approach to CDD and EDD consistent with regulatory requirements.

Customer Identification and Verification

Onboarding and ongoing access to wagering functionality require identity verification. Ffbet collects and verifies information sufficient to identify the Customer and mitigate risk. Required documentation may include:

• Full name, date of birth, and current residential address.
• Government-issued photo identity document (for example, passport, national identity card, or driver’s license).
• Proof of address dated within the last three months (utility bill, bank statement, government document).

Verification must be completed before enabling wagering beyond nominal funds and, where applicable, before processing deposits or large transactions. We verify authenticity and cross-check data with internal systems and risk signals. We shall apply age verification in accordance with the legal age in the Customer’s jurisdiction and shall prevent account creation or access by minors.

Risk-Based Customer Due Diligence

Ffbet employs a risk‑based framework to determine the level of due diligence. Risk factors include jurisdiction of residence, nature and purpose of the gaming activity, and expected transaction patterns. At onboarding,CDD is performed for all Customers; ongoing due diligence reviews are conducted at intervals proportional to risk, and promptly when risk indicators arise. Basic monitoring includes automatic screening of activity against risk indicators and periodic reviews; higher risk cases trigger enhanced scrutiny and management review.

Source of Funds and Source of Wealth

For deposits or wagering activity presenting unusual or high value risk, and for all transactions exceeding thresholds established by regulatory requirements, Ffbet requires demonstration of source of funds and, where appropriate, source of wealth. Acceptable documentation includes payslips or tax returns, bank statements showing funds originated from legitimate income or business activities, and paperwork confirming third‑party payments with explicit customer consent. If sufficient documentation is not provided or funds appear illicit or suspicious, Ffbet may refuse, restrict, or close the Customer’s account and report the matter as permitted by law.

Enhanced Due Diligence

EDD applies to high‑risk Customers or high‑risk transactions. Actions may include independent verification of funds origin, additional identity checks, ongoing transaction monitoring, and frequent reviews. Large single deposits, complex funding structures, or patterns inconsistent with the Customer’s profile trigger EDD procedures. Where data cannot be obtained, access to certain features may be restricted or account closure may be pursued.

Sanctions and Politically Exposed Persons

Ffbet conducts ongoing sanctions and PEP screening of Customers and beneficial owners. If a match is identified, the Customer’s access may be restricted, elevated scrutiny applied, or the account blocked pending further verification. We will report any suspicions or confirmed matches to the applicable authorities in accordance with legal obligations.

Data Privacy, Retention, and Security

Personal data collected under this Policy is processed solely for AML/KYC compliance and regulatory reporting. We implement appropriate technical and organizational safeguards, restrict access to authorized personnel, and employ encryption for data at rest and in transit where feasible. Retention of records related to identity verification, risk assessments, and transactions shall be for a minimum of seven years following account termination or completion of any investigation. Individuals may exercise data subject rights under applicable laws, subject to regulatory and security considerations.

Record Keeping and Documentation

Ffbet maintains comprehensive records of identifications, verification steps, risk assessments, customer profiles, and transaction histories for the required retention period. Records shall be readily available to regulators or designated authorities upon request and shall support ongoing monitoring and compliance obligations.

Suspicious Activity Reporting and Cooperation with Authorities

All employees must promptly report to the Compliance Office any behavior or transactions that are inconsistent with the customer profile or that raise money‑laundering or terrorism financing concerns. Where required by law, we shall file Suspicious Activity Reports with the relevant authorities and cooperate fully with investigations and inquiries.

Roles, Responsibilities, and Customer Obligations

The Compliance Team is responsible for implementing and updating the AML/KYC program. Management and staff shall adhere to regulatory requirements and this Policy. Customers shall provide accurate information and cooperate with verification and monitoring activities. Non‑cooperation or failure to provide required information may result in account restrictions, temporary suspension, or termination of services.

Training, Review, and Policy Updates

Ffbet provides AML/KYC training to staff at onboarding and on an ongoing basis, with updates as laws or risk profiles change. Material changes to this Policy will be communicated to Customers, and the updated Policy will take effect immediately unless a different date is specified.

Policy Changes, Distribution, and Contact

Ffbet reserves the right to amend this Policy to reflect regulatory developments or changes in risk. The current Policy applies to all customers and activities. For questions or to submit information requests related to AML/KYC obligations, please contact the Compliance Team at [email protected].