Anti-money Laundering

Objective and Scope

Ffbet maintains an anti‑money laundering and counter‑financing of terrorism (AML/CFT) program designed to prevent the use of its services for money laundering, terrorist financing, or related crimes. This policy applies to all players, staff, contractors, and any payment processors engaged by Ffbet and is designed to meet the obligations of the jurisdiction(s) in which Ffbet operates.

Regulatory Licensing and Obligations

Ffbet is licensed and regulated to provide remote online gaming and implements controls required by applicable AML/CFT laws. The program is maintained to ensure effective identification, verification, monitoring, and reporting of suspicious activities and to cooperate with competent authorities as required by law.

Definitions

  • Money Laundering: actions intended to conceal or disguise the illicit origin of funds so that they appear legitimate.
  • Terrorist Financing: provision or movement of funds intended to support terrorist activity, whether or not the funds originate from crime.
  • Customer: any natural person or legal entity who seeks to use Ffbet’s services.
  • Beneficial Owner: the natural person(s) with ultimate effective control over an account or arrangement.
  • Sanctions List: a formal list maintained by a competent authority identifying individuals or entities prohibited from engaging in financial transactions.
  • PEP: a person who is or has been entrusted with prominent public functions and may require enhanced due diligence.

Customer Due Diligence (CDD) and KYC

Ffbet conducts risk‑based due diligence on all players prior to the provision of gaming services. The registration process collects verifiable information and requires ongoing verification where risk indicators exist. Anonymous or fictitious accounts are not permitted. The minimum identifiers include date of birth to confirm age (18 or older), full name, residential address, primary contact details, and account access credentials. Payment information used to fund accounts will be collected and stored in accordance with data protection requirements.

Documentation may be requested prior to processing payments or when risk or uncertainty arises. Acceptable forms include government‑issued identification and proof of address, together with any additional information necessary to verify identity and ownership of funds.

Ffbet may supplement documentary verification with corroboration from independent sources or financial institutions, where appropriate and permitted by law.

Ongoing Transaction Monitoring and Due Diligence

Account activity is subject to ongoing monitoring with emphasis on complex or high‑value transactions and any activity that may indicate money laundering or terrorist financing. Daily automated reports flag transactions above EUR 1,000 and identify the counterparty, amount, and purpose where discernible. A per‑player report detailing relevant identity documents and transaction history is available to the AML Compliance function for review.

The AML Compliance Person is responsible for ongoing monitoring, investigation, documentation of findings, and escalation to authorities when warranted by law or internal policy.

Parameters that may trigger enhanced scrutiny include unusual cash‑equivalent funding patterns, inconsistent source of funds, layered transfers, and transactions with high‑risk jurisdictions or recipients.

Payments and Fund Flows

Ffbet accepts only electronic payments; cash or other physical payment methods are not permitted. Accepted channels include credit/debit cards, electronic transfers, and other regulator‑approved methods. Where possible, funds received and returned shall flow via the same route. Inter‑account transfers between player portfolios are prohibited unless expressly authorized under applicable rules.

Ffbet engages third‑party payment processors under contractual terms that require transaction monitoring and compliance with AML/CFT obligations. The Company’s AML Compliance Person shall review service agreements to ensure adequate controls are in place.

Sanctions Screening and Blocking

Ffbet maintains screening processes to identify players or counterparties listed on sanctions or restricted lists. If a match is found or if a player engages in prohibited activity, the corresponding account shall be frozen or closed promptly in accordance with applicable law and internal procedures, and relevant authorities may be notified as required.

Suspicious Activity Reporting

Any transaction or series of transactions involving EUR 1,000 or more that raises suspicion of illicit origin, concealment of funds, or evasion of reporting requirements must be reviewed by the AML Compliance Person. Where warranted, the company shall report the suspicious activity to the appropriate regulatory or law enforcement authorities in accordance with law and internal reporting thresholds.

Enhanced Due Diligence (EDD) for Higher‑Risk Scenarios

Players or transactions that involve high‑risk jurisdictions, politically exposed persons, or unusual risk indicators shall be subject to enhanced due diligence measures. This includes additional identity verification, source of funds verification, and more frequent monitoring. If the risk cannot be mitigated to an acceptable level, access to services may be restricted or terminated.

Record Keeping and Data Management

All records relating to customer identities, funds, and transactions shall be retained for a minimum period of five years from the date of last activity or account closure, or longer as required by law. Records shall be securely stored and protected in accordance with applicable data protection and privacy regulations. Access to records is restricted to authorized personnel only.

Data Protection and Third‑Party Relationships

Ffbet implements appropriate technical and organizational measures to protect personal data processed in the course of AML/CFT activities. Third‑party processors used for payments or data handling shall be contractually bound to maintain equivalent data protection standards, and information may be shared with such processors solely for the purposes of AML/CFT compliance and operation of the services.

Training and Awareness

Ffbet maintains an ongoing AML/CFT training program for employees and key personnel. Training is conducted at least annually and updated to reflect changes in applicable law, products, and risk factors. Documentation of training activities and attendance is maintained for audit purposes.

Policy Review and Governance

This AML/CFT policy is reviewed at least annually and whenever required by changes in law, regulation, or business operations. Updates are approved by senior management and communicated to relevant staff and contractors.

Contact and Enforcement

Questions regarding this policy or its implementation may be directed to the AML Compliance function at [email protected]. For data privacy inquiries, contact the data protection officer at [email protected]. Non‑compliance or suspected violations may result in account limitations, suspension, or termination, and may be reported to competent authorities in accordance with applicable law.