Aml Policies

Igobet Anti-Money Laundering (AML) Policy

Igobet maintains a comprehensive AML framework to prevent the use of its platform for money laundering and terrorist financing. This policy applies to all customers, employees, contractors, agents, and partners involved in Igobet’s activities across all services and payment channels.

Regulatory Scope and Principles

Igobet complies with applicable AML/CFT laws and regulations in the jurisdictions in which it operates. The program follows a risk-based approach: higher levels of due diligence and monitoring are applied to higher-risk customers, products, and geographies. All activities are conducted with due regard to the principles of proportionality, necessity, and clear accountability.

Definitions

  • Customer due diligence (CDD): the process of establishing and verifying the identity of customers and assessing money laundering risk at onboarding and on an ongoing basis.
  • Enhanced due diligence (EDD): intensified scrutiny applied to higher-risk customers or transactions, including additional verification steps and ongoing monitoring.
  • Politically exposed person (PEP): an individual who is or has been entrusted with prominent public functions and their immediate family or close associates.
  • Source of funds (SOF) / Source of wealth (SOW): the origin of the funds used in a transaction and the customer’s overall wealth, respectively.
  • Beneficial Owner: the natural person(s) who ultimately own or control the customer or the account.
  • Sanctions / adverse jurisdictions: lists or regimes that present elevated regulatory risk or prohibition on business relationships.

Onboarding: Customer Due Diligence

Igobet undertakes verifiable identity and risk-based due diligence before or at the outset of business relations. The onboarding process includes:

  • Identity verification: collection and verification of your legal name, date of birth, and national identification documents through government-issued IDs. Methods may include real‑time verification and document authentication.
  • Address verification: confirmation of residential address using independent documents, such as a utility bill or official correspondence issued within the preceding six months.
  • Age confirmation: participation is strictly limited to individuals aged 18 years or older. If age cannot be verified or the customer is under 18, Igobet will prohibit participation and refund funds as required by policy.
  • Source of funds and wealth: for deposits or activities that present elevated risk or exceed defined thresholds, customers must provide SOF/SOW information and supporting documentation (e.g., bank statements, payroll statements, corporate financial records) to demonstrate legitimate funding sources.
  • Beneficial ownership and control: where applicable, information on the ultimate beneficial owner is collected and verified.
  • Risk assessment: each new customer is assigned a risk rating (low, medium, high) based on customer profile, geography, product usage, and channel of onboarding. Higher risk triggers enhanced controls.

Ongoing Monitoring and Review

Igobet continually monitors customer activity to identify unusual or suspicious patterns. Core elements include:

  • Transaction monitoring: automated and manual review of transactions for anomalies such as rapid, round‑sum deposits, atypical origin of funds, or inconsistent betting patterns with known customer profile.
  • Periodic reviews: customer profiles and risk ratings are refreshed at intervals based on risk level, with a minimum re‑verification cadence for higher-risk accounts.
  • Trigger-based due diligence: material changes in customer circumstances, geolocation, or product usage prompt enhanced verification and monitoring.
  • Record-keeping of activity: all transactions and related documents are retained in accordance with retention requirements and available for regulatory inspection.

Sanctions, PEPs, and Geographical Risk

Igobet implements screening against sanctions lists, PEP lists, and adverse jurisdiction indicators. Elevated scrutiny is applied to customers from high‑risk jurisdictions or involving PEPs, and ongoing monitoring is intensified for those cases.

Suspicious Activity Reporting

Any officer, employee, or contractor who identifies suspicious activity must promptly escalate to the AML Compliance Officer. The Compliance Officer will assess the information and escalate to the applicable regulatory or law enforcement authorities within the statutory timeframes, including submission of any required suspicious activity reports (SAR) or equivalent disclosures. All reports are treated as confidential and are protected from disclosure beyond the required channels.

Record-Keeping and Data Privacy

Igobet maintains records of customer identities, transactions, due diligence, and investigations for a minimum of five years from the end of the business relationship or last related transaction, whichever is longer. Personal data processed for AML purposes is collected, stored, and processed in accordance with applicable data protection laws and Igobet’s privacy policy. Access to records is restricted to authorised personnel and retained in secure systems.

Governance, Roles, and Training

The AML framework assigns clear responsibilities:

  • Board and senior management: oversight of the AML program, allocation of resources, and annual review of risk posture.
  • Compliance Officer / AML Lead: day-to-day administration of KYC/CDD/EDD, monitoring controls, and liaison with regulators. Responsible for timely reporting and escalation as required.
  • Employee training: mandatory AML training on onboarding and at least annually, covering identification of suspicious activity, KYC procedures, reporting obligations, and privacy considerations.

Third-Party Arrangements and Outsourcing

Igobet conducts due diligence on payment processors, affiliates, and service providers. Outsourced activities related to AML are governed by written agreements that specify compliance requirements, data protection, audit rights, and notification of material changes.

Cooperation with Authorities and Disclosures

Igobet cooperates with competent authorities and financial intelligence units as required by law. It may provide information and records relevant to AML/CFT investigations in a secure and compliant manner, subject to privacy and data-protection obligations.

Policy Changes and Communications

Igobet may update this policy to reflect changes in laws, regulatory guidance, or risk assessments. Customers will be notified of material changes in the platform and via the contact details on file. Implemented changes take effect in accordance with internal policy timelines and regulatory requirements.

Additional Notes

Nothing in this policy limits Igobet’s ability to take necessary action to protect customers, the platform, or the integrity of games and payments, including account freezes, limitations, or closure in accordance with applicable laws and internal risk assessments.