Welcome to Best Bet (behtarinshartbandi.com).
We maintain a robust Anti‑Money Laundering (AML) and Know Your Customer (KYC) program to safeguard all participants, uphold integrity, and comply with global standards.
This policy is crafted to meet EEAT and YMYL requirements, while being SEO‑friendly and legally sound.
🎯 Purpose & Applicability
The purpose of this policy is to prevent misuse of the platform for illicit financial actions such as money laundering, fraud, or terrorist financing.
It applies to all users, all monetary transactions (deposits, withdrawals, transfers), account modifications, and profile updates.
By enforcing comprehensive identity verification and ongoing oversight, we aim to provide a safe, transparent, and legally compliant experience.
📜 Regulatory Basis & Compliance
- EU Directive 2015/849 – Preventing financial system misuse for laundering.
- EU Regulation 2015/847 – Requirements for information accompanying fund transfers.
- Sanctions regimes and restrictive measures by international bodies (UN, EU, OFAC, etc.).
- Local regulatory laws in jurisdictions where our services or users operate, relating to financial crime, identity verification, data protection.
💡 Definition of Money Laundering
Money laundering includes activities to conceal the origins of illegally obtained funds, making them appear lawful. These include:
- Converting or transferring property with knowledge it derives from crime.
- Disguising the true source, movement, or ownership of illicit assets.
- Possessing or using property whose illicit origin is known.
- Facilitating or attempting any of the above acts.
🛡 Governance & Compliance Structure
Senior management bears ultimate responsibility for AML compliance.
We appoint an AML Compliance Officer (AMLCO) who oversees implementation, audits, reviews, and staff training.
Any material update to this policy requires approval from executive leadership to maintain legal consistency and operational integrity.
✅ Customer Verification (KYC) Process
Step 1 – Basic Information Collection
Before withdrawals are permitted, every user must provide:
- Full name, date of birth, and gender
- Country of residence and full postal address
- Contact details (email, phone number)
Step 2 – Document Verification
When deposit or withdrawal amounts exceed certain thresholds (e.g. USD 2,000), additional documentation is required:
- Government-issued ID (passport, national ID, driver’s license)
- A selfie or photograph of user with the ID and a unique verification code
- Automated checks against trusted databases
- If automatic validation fails: proof of address (utility bill, bank statement, official letter)
Step 3 – Source of Wealth / Funds (SOW)
This step is initiated when:
- Deposits or withdrawals exceed USD 5,000
- Transfers to another user exceed USD 3,000
Required documents may include: pay slips, business revenue statements, tax returns, inheritance or investment records, and bank statements demonstrating flow of funds.
Until compliance is confirmed, certain account functions (withdrawal, transfer) may be restricted.
🏡 Proof of Address Requirements
Acceptable proof of residence includes:
- Utility bills dated within the last 3 months
- Government correspondence (official letters)
- Bank statements showing the user’s address clearly
📊 Risk Classification & Jurisdiction Assessment
We classify users and jurisdictions into risk tiers to determine verification rigor and controls:
| Risk Level | Description | Verification / Controls |
|---|---|---|
| Low Risk | Reputable jurisdictions, known users | Standard KYC procedure |
| Medium Risk | Countries with moderate oversight or financial opacity | Enhanced due diligence, lower thresholds |
| High Risk | Sanctioned or blacklisted regions | Access blocked or heavily restricted |
🔍 Transaction Monitoring & Oversight
We use a combination of automated systems and compliance review to monitor:
- Unusual deposit or withdrawal patterns
- Rapid fund movements without gaming activity
- Multiple accounts linked to the same user/payment instruments
- Geographic or IP inconsistencies or anomalies
📁 Data Retention & Record Keeping
All KYC data, identity documents, and transaction logs are securely stored for at least 10 years.
They are encrypted and access-restricted. Disclosure is allowed only when legally required.
🎓 Training & Internal Controls
Our compliance, support, and finance staff receive periodic training on:
- AML / KYC regulations and updates
- Detection and escalation of suspicious behavior
- Data protection, confidentiality, and secure handling of user information
📢 Reporting Suspicious Behavior
If suspicious behavior is identified:
- We perform an internal investigation.
- We report findings to the appropriate Financial Intelligence Unit (FIU).
- We may suspend or permanently close the user’s account if needed.
🔐 Privacy & Data Protection
We fully comply with GDPR, EU data protection directives, and applicable national privacy laws.
User data is handled with the highest confidentiality, and released only when legally mandated.
Data transport and storage use industry-standard encryption and security practices.
📞 Contact & Support
If you have any questions or concerns about our AML & KYC policy at Best Bet, please contact us:
- Email: [email protected]
- Website: https:https://behtarinshartbandi.com
⚠️ Reminder: Always gamble responsibly. Set limits, monitor your behavior, and seek professional help if necessary. Your safety and trust are our foremost priorities. 🎯