1. Purpose and Scope

Bink.bet is committed to the highest standards of Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) compliance. This policy outlines the procedures we have implemented to prevent our platform from being used for money laundering, terrorist financing, or other financial crimes.

This policy applies to all employees, contractors, agents, and third-party service providers of Bink.bet, and covers all products, services, and transactions on the Platform.

2. Know Your Customer (KYC)

We verify the identity of all customers before they can deposit, wager, or withdraw on the Platform. KYC verification is required at registration. Enhanced due diligence may be triggered by activity thresholds, unusual patterns, or risk indicators.

Customers who fail to complete KYC within the required timeframe will have accounts restricted until verification is successfully completed.

3. Identity Verification

We require valid government-issued photo ID (passport, national ID, or driver's license) plus proof of address dated within the last three months. For enhanced due diligence, we may ask for proof of source of funds, source of wealth, employment, or tax records.

4. Transaction Monitoring

We employ automated transaction monitoring that analyzes all financial activity in real time. Monitoring parameters include unusually large transactions, rapid fund movement with minimal play, structuring to avoid reporting thresholds, and inconsistencies between wagering and deposits.

Flagged transactions are reviewed within 24 hours. Accounts may be temporarily suspended pending investigation.

5. Suspicious Activity Reporting

All staff must report known or suspected money laundering or terrorist financing to the designated Money Laundering Reporting Officer (MLRO). The MLRO files Suspicious Activity Reports (SARs) with the relevant Financial Intelligence Unit when appropriate.

SARs are confidential. Tipping-off the subject of a SAR is prohibited.

6. Record Keeping

We retain all KYC documents, transaction records, internal and external SARs, training records, and risk-assessment documentation for at least five years from the date of the transaction or end of business relationship.

7. Risk Assessment

We conduct regular risk assessments covering customer, geographic, product, and channel risk. Customers are assigned risk ratings (low, medium, high). High-risk customers face enhanced due diligence, more frequent monitoring, and senior approval for onboarding.

8. Staff Training

All employees and relevant contractors receive AML and CTF training at onboarding and at least annually. Training covers suspicious-activity recognition, internal reporting, legal obligations, KYC procedures, and recent trends in financial crime.

9. Regulatory Compliance

We comply with the Bank Secrecy Act, the EU AML Directives, and the UK Proceeds of Crime Act 2002. Our AML program is subject to independent audit at least annually.

10. Cooperation with Authorities

We cooperate fully with law enforcement, financial intelligence units, and other competent authorities. We respond to all lawful requests in a timely manner.

11. Contact

Questions about this AML Policy: [email protected].