Introduction
Official WagiBet casino is committed to preventing money laundering and terrorist financing. As a licensed online gaming operator, we implement comprehensive Anti-Money Laundering (AML) and Know Your Customer (KYC) procedures in accordance with international standards and regulatory requirements.
This policy applies to all players who complete WagiBet registration and use our services. By creating an account at WagiBet online casino, you agree to comply with these requirements and provide requested documentation when necessary.
Know Your Customer (KYC)
KYC procedures help us verify the identity of our players and ensure that our platform is not used for illegal activities. All WagiBet casino players must complete identity verification before making withdrawals.
When KYC is Required
Identity verification may be requested in the following circumstances:
- During or after WagiBet registration process
- Before processing your first withdrawal
- When cumulative deposits or withdrawals exceed certain thresholds
- When claiming large WagiBet bonus amounts
- If suspicious activity is detected on your account
- As part of routine compliance checks
- When required by regulatory authorities
Required Documentation
To verify your identity, WagiBet online casino may request the following documents:
Proof of Identity
One of the following documents:
- Government-issued ID card
- Passport (information page)
- Driver's license (both sides)
- National identity card
Documents must be valid (not expired), clearly show your photo, full name, date of birth, and document number.
Proof of Address
One of the following documents issued within the last 3 months:
- Utility bill (electricity, water, gas)
- Bank statement
- Government-issued correspondence
- Tax document
- Residential certificate
Documents must clearly show your full name and current residential address matching your WagiBet account information.
Proof of Payment Method
Depending on your deposit method, you may need to provide:
- Screenshot of e-wallet account (showing name and account number)
- Bank card photo (front side, middle 6 digits covered, showing first 4 and last 4 digits)
- Bank statement showing deposits to WagiBet casino
Source of Funds
For large transactions, we may request documentation proving the source of funds:
- Payslips or employment contract
- Bank statements showing regular income
- Business ownership documents
- Tax returns
- Inheritance documents
- Investment portfolio statements
Document Submission
You can submit KYC documents through:
- Your WagiBet account dashboard (upload section)
- Email to [email protected]
- Live chat support (attach files)
Document Requirements
When submitting documents to WagiBet online, please ensure:
- Images are clear and readable (not blurry)
- All four corners of documents are visible
- No information is obscured or covered (except as instructed for cards)
- Documents are in color
- File formats: JPG, PNG, or PDF
- Maximum file size: 10MB per document
Verification Timeline
Official WagiBet casino processes KYC documents within:
- Standard verification: 24-48 hours
- Enhanced due diligence: 3-5 business days
- Complex cases: Up to 14 business days
You will be notified via email once your verification is complete or if additional documents are required.
Anti-Money Laundering (AML)
WagiBet casino implements comprehensive AML measures to detect and prevent money laundering activities.
AML Obligations
As part of our AML compliance, we:
- Verify the identity of all players
- Monitor transactions for suspicious activity
- Maintain detailed records of all financial transactions
- Report suspicious activities to relevant authorities
- Implement risk-based due diligence procedures
- Train staff on AML compliance
- Conduct regular AML audits
Transaction Monitoring
WagiBet online casino monitors all deposits, wagers, and withdrawals for patterns that may indicate money laundering, including:
- Unusually large or frequent deposits
- Deposits followed by immediate withdrawal requests
- Minimal or no gaming activity before withdrawals
- Use of multiple payment methods
- Structured transactions to avoid reporting thresholds
- Inconsistent betting patterns
Deposit and Withdrawal Rules
To comply with AML regulations, WagiBet casino enforces the following rules:
Deposit Requirements
- Deposits must be from payment methods in your own name
- Third-party deposits are strictly prohibited
- All deposits must be wagered at least once before withdrawal
- Minimum wagering requirement applies to bonus-free deposits
Withdrawal Requirements
- Withdrawals must be to the same payment method used for deposits
- KYC verification must be completed before first withdrawal
- Withdrawal amount cannot exceed total deposits until wagering requirements are met
- Maximum withdrawal limits apply based on account status
Suspicious Activity Reporting
If suspicious activity is detected, WagiBet casino reserves the right to:
- Request additional verification documents
- Conduct enhanced due diligence
- Suspend account access temporarily
- Delay or decline withdrawal requests
- Report activity to regulatory authorities
- Close accounts if necessary
Enhanced Due Diligence (EDD)
Certain players or transactions may require enhanced due diligence, including:
High-Risk Categories
- Players making large deposits or withdrawals
- VIP players with high transaction volumes
- Players from high-risk jurisdictions
- Politically exposed persons (PEPs)
- Players with complex ownership structures
EDD Procedures
Enhanced due diligence may include:
- Additional identity verification
- Source of wealth verification
- Source of funds documentation
- Background checks
- Ongoing monitoring
- Senior management approval for transactions
Record Keeping
Official WagiBet casino maintains comprehensive records of:
- All KYC documents and verification results
- Transaction history (deposits, wagers, withdrawals)
- Account activity logs
- Communications with players
- Suspicious activity reports
Records are maintained for a minimum of 7 years as required by regulations.
Player Obligations
By using WagiBet online casino, you agree to:
- Provide accurate and truthful information during WagiBet registration
- Submit genuine, unaltered documents for verification
- Update your account information when circumstances change
- Use only payment methods registered in your own name
- Not use the platform for money laundering or illegal activities
- Cooperate with verification requests promptly
- Respond to inquiries about source of funds when requested
Consequences of Non-Compliance
Failure to comply with KYC/AML requirements may result in:
- Account suspension or closure
- Withdrawal requests being declined
- Forfeiture of WagiBet bonus and winnings
- Reporting to regulatory authorities
- Legal action if fraud is suspected
Data Protection & Privacy
WagiBet casino takes data protection seriously. All information and documents provided for KYC purposes are:
- Stored securely with encryption
- Accessed only by authorized compliance staff
- Used solely for verification and regulatory purposes
- Never shared with third parties except as required by law
- Retained in accordance with data protection regulations
Underage Gambling Prevention
WagiBet online casino strictly prohibits underage gambling. Our KYC procedures help ensure that all players are of legal gambling age (18+ or the legal age in their jurisdiction).
If we discover that an underage player has accessed our platform:
- The account will be immediately closed
- All deposits will be returned
- Winnings may be confiscated
- The incident may be reported to authorities
Updates to This Policy
WagiBet casino reserves the right to update this AML/KYC policy to reflect changes in regulations or operational requirements. Players will be notified of significant changes via email or website notification.
Questions & Support
If you have questions about our KYC/AML procedures or need assistance with document submission, please contact our compliance team:
- Email: [email protected]
- Live Chat: Available 24/7
- Response time: 24-48 hours
Our team is here to guide you through the verification process and answer any questions you may have about WagiBet's compliance requirements.