Money laundering and prevention measures
Money laundering (ML) is the process of making funds gained from illegal activities, such as drug trafficking or terrorism, appear legitimate. Criminals attempt to disguise the origin or form of these funds, often by moving them to less detectable locations.
At National Casino, we take the fight against money laundering (AML) seriously. AML refers to the legal measures implemented to prevent and detect suspicious activities related to the illegal movement of funds. Our AML strategy ensures we comply with regulations that require institutions like ours to report any identified suspicious activity.
To maintain an effective AML framework, we ensure that:
- Regulators and law enforcement agencies are empowered with the tools and authority to investigate money laundering cases.
- We monitor and verify client information, conduct risk-based checks, and report suspicious activities.
- Information exchange with other jurisdictions is possible, depending on circumstances.
Regulatory compliance
As part of the remote gambling industry, Nationalcasinoapp.uk is required to monitor transactions and report activities to prevent money laundering or terrorism financing. This includes:
- Reporting when we know or suspect illegal activity.
- Notifying authorities when we have reasonable grounds to suspect a client is involved in criminal activities such as money laundering or terrorism financing.
These obligations are guided by strict regulations, and we maintain a robust risk management process to monitor and evaluate all transactions carefully.
Special regulations
National Casino adheres to all regulatory standards and holds a valid Curacao Gaming License, ensuring that we can operate legally within the international gambling market.
AML policy and violations
Our anti-money laundering (AML) policy outlines several strategies:
- Developing control systems and measures to comply with regulatory requirements.
- Conducting regular risk assessments to manage money laundering and terrorism financing risks.
- Training employees on AML practices and ensuring they have the necessary resources to implement them.
Risk management practices
We employ strategic risk assessment and management practices to identify and counteract money laundering and terrorism financing activities. Our focus is on:
- Identifying specific risks related to our business.
- Implementing targeted policies to minimize these risks.
- Monitoring the effectiveness of control measures and documenting our actions.
Handling suspicious activity
We take suspicious activity seriously and employ various verification measures to identify clients. These include:
- Checking identity verification documents.
- Analyzing utility bills and bank statements.
- Using additional methods of identity confirmation.
Special attention is given to players with unusual deposit patterns, and we thoroughly investigate any signs of suspicious activity.
Reports of suspicious activity
Any employee who suspects fraudulent or criminal activity is required to report it immediately. Unauthorized disclosure or failure to report such information carries serious legal consequences. All reports of suspicious activity must remain confidential.
Withdrawal procedures
Before we process any withdrawal requests, we ensure that the client’s transaction history aligns with their normal behavior. This verification process ensures the legitimacy of the funds being withdrawn. We return funds via the same payment method used for the deposit.
Compliance and data protection
Nationalcasinoapp.uk is committed to fraud prevention and data security. Our policy prohibits fraudulent actions, and we immediately block accounts involved in suspicious activities. We use Payment IQ for secure data encryption, ensuring sensitive payment information is protected.
Internal accounting and reporting
We follow the “Know Your Customer” (KYC) principle to maintain comprehensive internal accounting. All transaction data, along with investigation records, are stored for six years after the account’s activity ends or the investigation concludes.
Know your customer (KYC)
By accepting our Terms, you consent to undergoing necessary identity verification checks. These checks are essential for confirming your identity and preventing fraudulent activities. Failure to provide accurate information may result in account suspension or blocking. Minors attempting to transact will be excluded from our platform.
Please notify our support team immediately if your personal information changes.
