Anti-Money Laundering (AML) & Know Your Customer (KYC) Policy
This AML & KYC Policy describes the measures implemented on rira-bet.com to prevent money laundering, terrorist financing, fraud, and other illicit financial activity. The service referenced herein is operated by Ultimate Gaming N.V., registered in Curaçao under company number 159018, with a registered office at Abraham de Veerstraat 9, Willemstad, Curaçao. This document establishes the governance model, technical and organizational controls, and customer-due-diligence (CDD) standards applied across the platform. 🛡️
Scope, Purpose, and Commitment
Our objective is to deliver a secure environment for all users while meeting applicable international AML standards and high expectations for integrity, transparency, and customer protection. We apply a risk-based approach (RBA) to customer onboarding, monitoring, and review, and we require all personnel to comply with this Policy and its underlying procedures. 📜
Regulatory Baseline and References
Definition of Money Laundering
Money Laundering (ML) includes: conversion, transfer, concealment, acquisition, possession, or use of property known to be derived from criminal activity; and participation, facilitation, or aiding and abetting in such acts. ML is considered an offense even when the predicate crime occurred in another jurisdiction. ⚖️
Governance and Accountability
Customer Lifecycle Controls (Three-Step Verification)
Step 1: Core Registration (Required for All Users)
Step 2: Identity Verification (≥ USD 2,000 equivalent in aggregate deposits or withdrawals)
Step 3: Source of Wealth/Funds (≥ USD 5,000 deposits/withdrawals or ≥ USD 3,000 peer-to-peer transfers)
KYC Document Standards
Risk Segmentation and Triggers
We categorize jurisdictions and scenarios using a tiered RBA model. Users may be re-classified over time based on activity patterns, payment rails, and sanction screening. 🌍
Transaction Monitoring and the “Three Lines of Control”
Automated and Human Controls
Suspicious Activity Reporting (SAR)
Internal procedures define when and how staff report atypical transactions to the AML team. After analysis, the AML team may file a report with the competent FIU under applicable law and, if necessary, terminate the relationship with the customer. 📮
Enterprise-Wide Risk Assessment (EWRA)
We conduct an annual EWRA to assess inherent and residual AML risks across products, user segments, transaction types, delivery channels, and geographies. Control effectiveness, emerging threats, and regulatory developments inform policy updates and control enhancements. 📊
Record Keeping
Data Protection and Privacy
Personal data is processed in accordance with applicable data protection frameworks. We do not sell customer data. Information may be shared only when legally required, for the prevention/detection of ML/TF, or to comply with sanctions screening obligations. Users can find additional information about data rights in our privacy communications. 🔐
Training and Awareness
Policy Enforcement and Consequences
Customer Responsibilities
Examples of Acceptable Source-of-Wealth Evidence
Cash Handling
Where cash deposits or withdrawals are offered, additional controls apply, including stricter identification, SoF documentation, and enhanced monitoring commensurate with heightened risk. 💵
Payments Integrity
Contact
If you have questions about this AML & KYC Policy or your verification status, please contact our support team: support@rira-bet.com. 📧