Anti-Money Laundering

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Betmatik.com [Socas International B.V.] is obliged to put in place appropriate systems and controls to prevent money laundering and terrorist financing, under the Anti Money Laundering (AML) regulations of 2017. The policy set out on this page includes the procedures we have developed to comply with these obligations.

 

What is Money Laundering?

Money laundering is the process by which the proceeds of crime and their true origin and ownership are altered so that the proceeds appear legitimate.

 

Why is money laundering prevention important to us?

The anti-money laundering (AML) regime is designed to prevent the use of our services by criminals. Under the AML regime, you have an obligation to detect and report money laundering. Failure to comply with these obligations can result in criminal penalties, substantial fines and major damage to your and our reputation.

 

Regulations

Money Laundering Regulations require an organization to have a nominated authority to ensure that it is up-to-date on Money Laundering and Anti-Terrorism Financing issues throughout the organization, implements appropriate policies and procedures, and receives suspicious reports.

 

Within the scope of these regulations;

 

1. Due to the ever-evolving regulations regarding the prevention of criminal activities and money laundering and the financing of terrorism, our company strictly follows anti-money laundering (AML) guidelines and procedures.

 

2. Betmatik.com customers are subject to a DD process and record keeping.

 

3. Duplicate/Multiple Accounts: Many customers want to use parallel accounts to separate their gambling spending. Regardless of this activity, licensees must be able to identify and associate "linked" accounts that may or may not belong to the same person.

 

4. Politically Exposed Persons (PEP). Risk to respond to gambling attempts by any suitably qualified Politically Exposed Person, i.e. any person holding an important public office (or holding at any time during the previous year), accessing public funds, or by persons in positions of influence. must take action on a sensitive basis.

 

PEPs include easily identifiable family and partners of such persons. A risk-based approach should be applied, based on the value and scale of the gamble and the location of such clients.

 

Anti-Money Laundering

 

As a betting operator, we have an obligation to comply with the Anti-Money Laundering Law and related Regulations. All transactions will be checked by us and any suspicious transaction detected will be reported to the competent authorities in Curacao (or any other state related to the transactions).

 

1. Before accepting deposits and withdrawals, you should be aware that we may require you to provide legal identification such as certified copies of passports, ID cards or other documents we deem necessary under the circumstances. We may also perform phone verification, face verification or other verification to make sure you are who you say you are.

 

2. It is prohibited to withdraw money from your account, bank account(s) that do not belong to you, debit/credit card(s), wallet or other payment options. This is to prevent us from transferring funds to persons not duly designated by us in accordance with anti-money laundering policies and regulations.

 

3. Pursuant to the Anti-Money Laundering Act, your account, along with the balance in it, may be suspended, frozen or closed. If it is suspected that funds have been withdrawn for any fraudulent or money laundering reasons, we have the right to refuse a withdrawal request while the investigation is pending.

 

4. Withdrawals will be made with the same payment method and payment details that you chose at the time of deposit, unless we are able to do so or otherwise agree. This is at our discretion. If you have deposited using several payment methods, we reserve the right to divide your withdrawal into such payment methods and process each part with the corresponding payment method at our discretion and in accordance with anti-money laundering policies and regulations.

 

 

5. Criminal Activities: In case of detection of any irregularity (including suspected money laundering or fraud attempt), “XXX” reserves the right to close Accounts and/or report criminal or other suspicious activities provided through one or more Accounts. relevant existing regulatory or law enforcement authorities. Account balances of all offenders will be blocked, withdrawals will be void, deposits and earnings will be forfeited. "XXX" will check continuous and random bets. Doubt your bets for any reason