AML and KYC Policy

1. Introduction

1000x Casino is owned and operated by [Your Company Name], with registration number: [Your Company Registration Number], and registered address: [Your Company Registered Address]. 1000x Casino is licensed and regulated by [Your Licensing Authority, e.g., the Government of Curaçao] and operates under License No. [Your License Number].

2. Objective of Our AML Policy

Our primary goal is to provide the highest level of security to all users and customers of 1000x Casino...

3. Definition of Money Laundering

Money Laundering is broadly defined as:

• The conversion or transfer of assets...
• The concealment or disguise of the true nature...
• The acquisition, possession, or use of assets...
• Participation in, conspiracy to commit...

4. AML Organizational Structure at 1000x Casino

In compliance with AML legislation, 1000x Casino has designated...

5. AML Policy Changes and Implementation

Any significant changes to 1000x Casino's AML policy require approval...

6. Three-Step Verification Process

6.1. Step One Verification:

This initial verification step is mandatory...

6.2. Step Two Verification:

Step Two verification is required for any user who deposits over $2,000...

6.3. Step Three Verification:

Step Three verification is mandatory for any user who deposits over $5,000...

7. Customer Identification and Verification (KYC)

The formal identification of customers at the commencement of commercial relations is critical...

Proof of Address:

Proof of address will be verified via two different electronic checks...

Source of Funds (SOF):

If a player deposits over $5,000...

Basic Document for Step One:

The basic document required for Step One verification will be accessible via the "Settings" page...

8. Risk Management

To address varying risks and wealth levels...

8.1. Region One: Low Risk

Standard three-step verification applies.

8.2. Region Two: Medium Risk

Verification thresholds are lowered...

8.3. Region Three: High Risk

High-risk regions will be prohibited from using our services.

9. Additional Measures

An AI system overseen by the AMLCO monitors for unusual behavior...

10. Enterprise-Wide Risk Assessment (EWRA)

As part of its risk-based approach, 1000x Casino has conducted an AML EWRA...

11. Ongoing Transaction Monitoring

Our AML-Compliance team ensures that "ongoing transaction monitoring" is conducted...

11.1. The First Line of Control:

Collaboration with trusted PSPs.

11.2. The Second Line of Control:

Educating our network and verifying all transactions.

11.3. The Third Line of Control:

Manual checks on suspicious and higher-risk users.

12. Reporting of Suspicious Transactions at 1000x Casino

Internal procedures guide when and how to report suspicious activities...

13. Procedures

Our AML rules, including KYC standards, are accessible internally...

14. Record Keeping

Records must be retained for at least ten years...

15. Training

Specialized training and mandatory sessions are provided...

16. Auditing

Our internal audit function regularly reviews AML activities.

17. Data Security

All user/customer data is securely stored and protected in compliance with data protection laws...

18. Contact Us

If you have any questions about our AML and KYC Policy:

Email: support@1000xcasino.net