Vaidabet AML Policy

Appointment of a senior official as the designated Money Laundering Reporting official (MLRO) to carry out the duties required by laws, rules, and guidance notes. 

Reporting any suspected money laundering attempts to the MLRO without informing the consumer while further action is pending approval. The MLRO is responsible for reporting Suspicious Activity Reports and obtaining authorization from appropriate legal authorities. 

Implementation of a thorough ‘Know Your Customer’ strategy to establish all users’ identities and detect possible fraud risks, with consumers notified about online verification tools and the option of requesting documents. 

Maintain secure online registers for all registered players and retain relevant identity and transactional paperwork in accordance with regulatory standards. 

Cash transactions are prohibited, and procedures are in place to monitor and record all account transactions to detect and prevent fraud. 

Identification and examination of high-risk or politically exposed consumers, with their accounts subjected to increased scrutiny and frequency of checks. 

Provide initial and continuous training to all staff members on their responsibilities for spotting and reporting suspicious transactions. 

The Policy is constantly reviewed and adjusted to ensure compliance with changing legislative and regulatory demands and guidance from appropriate authorities. 

We are conducting improved due diligence checks on player profiles by defined criteria and risk monitoring when needed. 

Report any suspicions or knowledge of money laundering or terrorist funding to the Financial Intelligence Analysis Unit (FIAU) and assist appropriate authorities in preventing and detecting illegal conduct.