AML Policy

We are committed to complying with all applicable Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) regulations to ensure that our platform remains secure, transparent, and aligned with international standards.

Money Laundering

Money laundering refers to the process by which individuals or entities disguise the illegal origins of funds obtained through criminal activities, making them appear legitimate. It typically involves three stages:

(a) Placement: Introducing illicit funds into the legitimate financial system.

(b) Layering: Conducting complex and opaque transactions to obscure the source of funds, making detection more difficult.

(c) Integration: Reintroducing the funds into the economy, making them appear as legitimate assets or income.

Terrorism Financing

Terrorism financing refers to the act of raising, providing, or transferring funds to directly or indirectly support terrorist activities.

We have implemented a comprehensive AML and CTF program centered around the following key areas:

(a) Internal Policies and Procedures

We maintain and regularly update internal policies and procedures designed to detect, prevent, and report money laundering and terrorism financing activities.

(b) Governance and Training

Our employees receive regular AML and CTF compliance training to ensure they are capable of identifying and addressing potential risks. Additionally, we have established a governance framework to oversee compliance programs and ensure accountability.

(c) Reporting Obligations

In accordance with applicable laws and regulations, we report any suspicious activities to the relevant authorities and cooperate fully with law enforcement agencies.

(d) Restricted Regions

Our platform prohibits users residing in restricted regions listed in our Terms of Service from accessing the platform. This restriction ensures compliance with AML and CTF regulations in high-risk or prohibited areas. Transactions or activities from restricted regions will be flagged and reported to the relevant authorities.

Gamblings Online has appointed a Money Laundering Reporting Officer (MLRO) responsible for overseeing the AML/CTF program. The MLRO’s responsibilities include:

(a) Ensuring Compliance
Ensuring that the company operates in adherence to all AML/CTF-related legal and regulatory obligations.

(b) Developing and Updating Procedures
Continuously developing, updating, and strengthening internal AML/CTF procedures to align with evolving laws, regulations, and industry best practices.

(c) Investigating Suspicious Activities
Investigating any potentially suspicious activities and, when necessary, submitting reports to relevant authorities in compliance with regulatory standards.

(d) Assessing AML Controls
Regularly auditing and evaluating the effectiveness of the company’s AML and CTF controls to ensure their robustness and efficiency.

We are committed to fostering a culture of compliance, ensuring that employees have the ability to detect and report suspicious activities. To achieve this, we provide annual mandatory AML/CTF training courses for all employees to ensure they are equipped with the latest compliance requirements and can effectively fulfill their responsibilities.

We regularly review and audit our AML/CTF program to ensure:

(a) Compliance with the latest legal and regulatory changes.

(b) The effectiveness of internal policies and procedures.

(c) Adaptation and improvements to address emerging risks.