Introduction
Caxino Online Casino (“we”, “our”, or “us”) is committed to conducting business in accordance with all applicable Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) regulations. This AML Policy outlines our practices and procedures to detect and prevent money laundering and terrorist financing activities.
1. Purpose
The purpose of this policy is to ensure that Caxino Online Casino complies with relevant AML/CTF legislation and to implement systems and procedures to prevent, detect, and report potential money laundering and terrorism financing activities.
2. Scope
This policy applies to all employees, contractors, and stakeholders involved in the operations of Caxino Online Casino, including those interacting with customers, processing transactions, and managing customer data.
3. Responsibilities
Caxino Online Casino has designated an AML Compliance Officer (AMLCO) who is responsible for overseeing compliance with AML/CTF regulations, conducting risk assessments, and coordinating reporting activities.
4. Customer Due Diligence (CDD)
Caxino Online Casino follows a strict Customer Due Diligence process that includes:
- Verifying the identity of all customers during the account registration process.
- Collecting valid identification documents, such as a passport, driver’s license, or national ID.
- Verifying customer addresses and contact information.
- Conducting enhanced due diligence (EDD) for high-risk customers or transactions.
5. Risk Assessment
We perform regular risk assessments to identify customers, transactions, or services that may present higher risks of money laundering or terrorism financing. Factors considered include:
- Geographic location and country risk.
- Transaction volume and frequency.
- Unusual or suspicious transaction patterns.
- High-risk industries or customer types.
6. Monitoring and Reporting
We implement real-time monitoring systems to detect suspicious activities and transactions, including:
- Unusual patterns of large or frequent transactions.
- Transactions involving politically exposed persons (PEPs).
- Transfers to or from high-risk jurisdictions.
If any suspicious activity is detected, it is promptly reported to the relevant authorities through a Suspicious Activity Report (SAR).
7. Record Keeping
All transaction records, customer identification documents, and reports are securely maintained for a minimum period of five years as required by law. Records are accessible only to authorized personnel.
8. Training and Awareness
All staff members undergo mandatory AML training to ensure they understand their roles and responsibilities regarding AML/CTF compliance. Regular updates and refresher training are conducted to maintain awareness.
9. Internal Controls and Audit
We conduct periodic internal audits to evaluate the effectiveness of our AML procedures and to ensure compliance with regulatory requirements. Findings are documented and corrective actions are implemented promptly.
10. Reporting Violations
Employees are required to report any violations or suspicious activities to the AML Compliance Officer without delay. Confidentiality and protection are assured for those who report suspected misconduct.
11. Policy Review
This AML Policy is reviewed periodically to ensure its effectiveness and compliance with current regulations. Updates will be made as necessary to reflect changes in the legal landscape or operational practices.
12. Contact
If you have any questions or concerns regarding this AML Policy, please contact us at: [email protected] Address: 14.5 Mason Street, Central Dunedin, Dunedin 9016, New Zealand
