KYC and AML Policy in 1win Casino

Overview

Welcome to the 1win Sri Lanka KYC & AML Policy. Our commitment to security, integrity, and transparency is reflected in our rigorous Know Your Customer (KYC) and Anti-Money Laundering (AML) protocols. This policy is designed to protect our users, prevent illicit activities, and ensure that all transactions on our platform are fully compliant with the relevant legal frameworks. We encourage you to review this policy carefully to understand how we protect your interests and maintain a secure betting environment.

Policy Objectives

The primary objectives of our KYC & AML policy are to:

• Establish and verify the identity of each user.
• Monitor and analyze transactions to detect suspicious activity.
• Prevent the misuse of our platform for money laundering, fraud, or other illegal activities.
• Comply with all applicable laws and regulatory requirements.

These measures are fundamental to creating a secure and responsible betting environment at 1win Sri-Lanka.

Legal and Regulatory Framework

1win Sri-Lanka operates under a stringent legal framework that requires adherence to both local and international regulations. Our KYC & AML procedures are based on:

• The financial and gaming laws of Sri-Lanka.
• International anti-money laundering standards.
• Guidelines and best practices from industry regulators.
• The licensing requirements applicable to online gaming operators.

By complying with these standards, we protect both our business and our players.

The KYC Process

Data Collection at Registration

During the registration process, you are required to submit personal details that help us confirm your identity. This information includes:

• Personal Details: Full name, date of birth, residential address, and contact information.
• Identification Documents: A valid government-issued ID (such as a passport or national ID card) along with a recent proof of address.
• Additional Information: Any other information deemed necessary for risk assessment and verification.

This data is critical for ensuring that only legitimate users can access our services.

Verification Procedures

Our verification process involves:

• Document Validation: Reviewing the submitted documents for authenticity and consistency.
• Database Cross-Checking: Verifying your information against reputable databases and public records.
• Ongoing Monitoring: Periodically updating and re-verifying your details to ensure they remain current.

Your cooperation during this process is essential for maintaining the integrity of our platform.

AML Measures and Transaction Monitoring

Advanced Monitoring Systems

To prevent money laundering and other illegal activities, 1win Sri-Lanka employs state-of-the-art monitoring systems that:

• Analyze transaction patterns in real time.
• Detect anomalies and unusual betting behaviors.
• Flag transactions that exceed predetermined thresholds for further review.
• Maintain detailed logs for audit and compliance purposes.

Escalation and Reporting

Should any suspicious activity be detected, our internal protocols require:

• Immediate escalation to our compliance team.
• A thorough investigation into the flagged transactions.
• Reporting to the relevant regulatory authorities if required by law.
• Temporary suspension of account activities until further verification is completed.

These steps are crucial for maintaining a secure betting environment.

Customer Responsibilities

Accurate Information

It is imperative that you provide accurate and current information during registration and update your details whenever necessary. Failure to do so can compromise our ability to protect your account and may result in restrictions or termination of your access to our services.

Cooperation with Verification

You are required to promptly provide any additional information or documentation requested as part of our verification process. Your timely cooperation ensures that we can maintain the highest security standards on our platform.

Data Security and Confidentiality

Secure Handling of Personal Data

All information collected during the KYC process is handled with strict confidentiality and protected by advanced security measures. These include:

• Encryption Protocols: TLS/SSL encryption for data transmitted over the internet.
• Controlled Access: Only authorized personnel are granted access to your personal information.
• Secure Data Storage: Your data is stored in secure data centers with robust physical and digital security measures.
• Regular Security Audits: We continuously monitor and audit our systems to safeguard against potential vulnerabilities.

Data Retention

We retain your personal data for as long as it is necessary for the purposes outlined in this policy or as required by law. Once the data is no longer needed, we will ensure that it is securely deleted or anonymized.

Ongoing Compliance and Review

Continuous Monitoring

KYC and AML processes are not static; they require ongoing vigilance. We continuously monitor user activity to ensure that transactions adhere to established patterns. If significant deviations occur, we will initiate a review and may request updated documentation from you.

Policy Updates

Our KYC & AML policy is subject to periodic review and updates to reflect changes in regulatory requirements, industry best practices, and technological advancements. Significant policy changes will be communicated via our website and, if necessary, through direct notifications.

Training and Awareness

Internal Training Programs

Our compliance team undergoes regular training on the latest KYC and AML procedures, legal updates, and risk management practices. This ensures that our team is fully equipped to protect our platform and our users.

User Education

We also believe that an informed user is a safe user. Our website features educational resources that explain the importance of KYC & AML policies and provide guidance on maintaining secure betting practices.