Anti-Money Laundering (AML) and Know Your Customer (KYC) Policy

At rustgambling.gg, we are dedicated to maintaining a secure and transparent environment for our users. To prevent illicit activities such as money laundering and terrorist financing, we have established this comprehensive Anti-Money Laundering (AML) and Know Your Customer (KYC) Policy.

1. Introduction

This policy outlines the measures and procedures we have in place to comply with AML and KYC regulations and to protect our platform from misuse by criminal elements.

2. Regulatory Compliance

We comply with all applicable AML and KYC laws and regulations in the jurisdictions where we operate, adhering to international standards to prevent financial crimes.

3. Know Your Customer (KYC) Procedures

To verify the identity of our users and assess potential risks, we implement the following robust KYC procedures:

  • Identity Verification: Users are required to provide valid identification documents (e.g., passport or driver’s license) during registration.
  • Proof of Address: Users must submit a recent utility bill or bank statement displaying their residential address.
  • Age Verification: We ensure all users meet the legal gambling age of the relevant jurisdiction.
  • Payment Method Verification: We verify that payment methods used are registered in the user’s name to prevent fraud and unauthorized transactions.

4. Customer Due Diligence (CDD)

We conduct Customer Due Diligence measures to assess the risk profile of our users:

  • Risk Assessment: Evaluating users based on factors such as transaction patterns, geographical location, and source of funds.
  • Enhanced Due Diligence (EDD): For high-risk users, including Politically Exposed Persons (PEPs), we perform additional checks and continuous monitoring.

5. Transaction Monitoring

We continuously monitor user transactions to detect and prevent suspicious activities:

  • Automated Monitoring Systems: Utilizing advanced software to identify unusual transaction patterns that may indicate money laundering.
  • Manual Reviews: Our compliance team conducts regular audits and reviews flagged transactions for further investigation.

6. Reporting and Record-Keeping

In compliance with legal obligations, we maintain detailed records of all transactions and user information:

  • Suspicious Activity Reports (SARs): We promptly report any suspicious activities to the relevant authorities.
  • Record Retention: All records are securely stored for a minimum period as required by law, ensuring confidentiality and integrity.

7. Employee Training

Our staff undergo regular training to stay informed about AML and KYC regulations and to effectively implement our policies:

  • Awareness Programs: Educating employees about the risks of money laundering and their role in prevention.
  • Ongoing Training: Providing up-to-date training on emerging trends and regulatory changes in AML and KYC compliance.

8. Policy Review and Updates

We regularly review and update our AML and KYC policy to ensure its effectiveness and compliance with the latest legal requirements and industry standards.

9. User Responsibilities

We expect our users to adhere to our terms and conditions, providing accurate information and refraining from any activities related to money laundering or terrorist financing.

10. Contact Information

For any questions or concerns regarding this AML and KYC policy, please contact our compliance team at compliance@rustgambling.gg.

By implementing this AML and KYC policy, rustgambling.gg demonstrates its commitment to preventing financial crimes and providing a secure platform for all users.