AML and KYC Policy

1) Purpose and Scope

This AML and KYC Policy outlines the measures and controls implemented by Canada777 to prevent and detect money laundering (ML), terrorist financing (TF), and other financial crimes.

It applies to all players, staff, agents, and third-party service providers engaged with our online casino operations.

• Financial Action Task Force (FATF) Recommendations
• EU 5th and 6th AML Directives (where applicable)
• Proceeds of Crime and Terrorist Financing Acts in applicable jurisdictions

2) Objectives

• Verify the identity of all customers before onboarding
• Monitor transactions to detect suspicious activity
• Maintain accurate customer and transaction records
• Train staff to recognize suspicious behavior
• Cooperate with regulatory and law enforcement authorities

3) Customer Due Diligence (KYC)

3.1 Identity Verification

• Government-issued photo identification
• Utility bill or bank statement issued within the last three months
• Proof of ownership of the payment method used

3.2 Enhanced Due Diligence (EDD)

• Transactions exceeding €2,000 or equivalent
• Customers from high-risk jurisdictions
• Suspicious or inconsistent behavior

EDD measures may include video verification, source of funds checks, and continuous account monitoring.

4) Risk Assessment

Risk assessments consider geographic location, transaction volume and frequency, payment methods used, and behavioral patterns.

5) Ongoing Monitoring

Transactions are monitored using automated systems and manual reviews. Accounts under investigation may be temporarily suspended.

6) Reporting Suspicious Activity

Suspicious activities are reported to the Money Laundering Reporting Officer (MLRO), who submits Suspicious Activity Reports to the relevant Financial Intelligence Unit. Tipping-off is strictly prohibited.

7) Record Keeping

All AML and KYC records are securely stored for a minimum of five years and are accessible only to authorized compliance personnel.

8) PEPs and Sanctions

All customers are screened against Politically Exposed Persons (PEP) and sanctions lists. High-risk individuals require enhanced due diligence and senior management approval.

9) Training and Awareness

All relevant staff receive AML and KYC training upon hiring and annually thereafter.

10) Internal Controls and Auditing

The MLRO enforces this policy. Internal audits are conducted annually, and the policy is reviewed at least once per year.

11) Disciplinary Measures

Failure to comply with this policy may result in disciplinary action, regulatory penalties, or criminal prosecution.