Aml Policies

Purpose and Scope

This policy establishes Ffbet's approach to anti-money laundering and counter-terrorism financing (AML/CFT). It applies to all customer onboarding, account operations, and financial transactions conducted through Ffbet. The objective is to prevent the use of our services for money laundering, terrorist financing, or other financial crime, and to ensure compliance with applicable laws, regulations, and supervisory guidance.

Regulatory Framework

Ffbet operates in accordance with the AML/CFT requirements applicable to remote gaming and gambling entities. The policy reflects a risk-based approach, mandates customer due diligence, requires record-keeping suitable for audit and investigation, sets reporting obligations for suspicious activity, and provides for cooperation with competent authorities and financial intelligence units as required by law.

Risk-Based Approach and Risk Assessment

Ffbet identifies and assesses ML/FT risk across four domains: Customer, Product, Channel (delivery method and digital interface), and Geography. The company maintains an AML risk register with classifications of Low, Medium, and High risk. The risk assessment informs the level of due diligence, monitoring intensity, and escalation decisions. On onboarding and at defined intervals, risk profiles are reviewed and updated to reflect changes in product features, market expansion, or regulatory developments.

Know Your Customer (KYC) and Identity Verification

Account creation is conditional on completion of identity verification. The minimum age for access to gaming services is 18 years. The information collected at registration includes: username, password, email address, currency, first and last name, date of birth, physical address, country, and contact number. Verification triggers occur at onboarding and for high-risk events or transactions.

• Identity documentation: Government-issued photo ID (passport or national ID) or, where necessary, a birth certificate with additional verification.
• Address verification: A recent utility bill or bank statement dated within the last three months showing the player’s name and residential address. Mobile phone bills are not acceptable.
• Source of funds verification: Documentation establishing the legitimate source of funds used for deposits or play (e.g., payslips, dividend confirmations, pension statements, bank statements showing regular income).

Ffbet requires that the deposit method aligns with the account’s payment history. Deposits are accepted only through methods supported by the platform, and refunds or reversals follow the same method as the original payment origin. Cash deposits are strictly prohibited, and cash withdrawals are not processed.

Ongoing Due Diligence and Transaction Monitoring

Following initial verification, Ffbet applies ongoing due diligence to maintain current risk profiles. Transactions and activity are monitored for patterns indicating potential illicit activity, including unusual volumes, frequencies, or destinations. Any activity that triggers risk indicators must be reviewed by the Compliance Unit, and relevant records must be retained for audit and regulatory purposes.

Enhanced Due Diligence (EDD)

High-risk customers, high-value transactions, or customers entering new or sensitive geographies trigger enhanced due diligence. EDD requires additional documentation, including but not limited to: comprehensive source-of-funds evidence, business ownership details (if applicable), and enhanced identity corroboration. Funds associated with high-risk profiles may be blocked or held pending verification and assessment by the Compliance Unit.

Politically Exposed Persons (PEP) and Sanctions Screening

PEP screening is applied to identify individuals who hold or have held public office, or who are closely associated with such persons. Sanctions screening is performed against applicable lists. In cases where a customer is identified as a PEP or a sanctioned individual, the client file undergoes heightened scrutiny, and decisions regarding onboarding, ongoing activity, or termination of the relationship are escalated to senior compliance approval.

Record-Keeping and Data Retention

All KYC documentation, verification results, due diligence records, risk assessments, and transaction data are retained for eight years from the date of the last activity or account closure, whichever is later. Records are stored securely with access restricted to authorized personnel and retained in a manner consistent with applicable data protection laws and regulatory requirements.

Suspicious Activity Reporting and Cooperation

Ffbet has a clear process for the internal reporting of suspicious activities. Any transaction or pattern raising suspicion of money laundering or terrorism financing must be escalated promptly to the Compliance Unit. The company will cooperate with competent authorities, provide information as required, and adhere to legal obligations to avoid tipping off and to ensure timely investigation.

Training and Governance

All staff receive AML/CFT training appropriate to their role, with a focus on recognition of suspicious activity, verification procedures, and escalation pathways. The training program is reviewed annually and after any regulatory change. Clear lines of responsibility exist within the organizational structure, with oversight by the Board or equivalent governance body.

Third-Party and Payment Service Providers

Ffbet requires that payment providers and third-party partners adhere to equivalent KYC and AML/CFT standards. When engaging with payment methods, the company verifies source of funds, validates origin of deposits, and ensures that flows are consistent with customer risk profiles. Any attempt to use non-compliant or unverifiable payment methods is blocked, and related accounts may be restricted or closed.

Policy Review and Amendments

This AML/CFT policy is subject to periodic review and amendment to reflect regulatory changes, risk evolution, and operational changes. Material updates require approval by the governance authority and communication to affected stakeholders. The effective date of the current policy and the date of the most recent amendment are recorded in the policy control register.