KYC-AML

Anti-Money Laundering Policy

BetAlice is an officially registered and licensed online gaming platform. The operator takes a firm stance against money laundering and terrorist financing. This Anti-Money Laundering (AML) Policy describes the strategy for maintaining compliance with relevant international and Australian regulations.

Policy Purpose

To protect the platform, users, and financial infrastructure, a multi-stage account verification system has been established along with ongoing transaction surveillance. The goal is to confirm user identities, verify the legitimacy of financial activities, and reduce money laundering risks.

Regulatory Framework

AML procedures are structured in accordance with applicable international anti-money laundering standards, Australian data protection laws, and local legislation.

What Constitutes Money Laundering

Money laundering includes:

• Hiding the source of criminal proceeds
• Transforming or moving illegal assets to obscure their origin
• Knowingly obtaining or utilising criminally acquired property
• Assisting or enabling any such activities

Money laundering remains unlawful regardless of where the original offence took place.

Organisational Structure

• General Management bears ultimate accountability for AML compliance
• A dedicated Compliance Officer manages implementation, reporting, and risk evaluation

Know Your Customer (KYC) Procedures

Identity verification is required during registration and for specific transactions.

Government-issued identification (passport, national ID, or driver’s licence) featuring:

• A selfie with the ID and a handwritten note containing randomly generated digits
• All document corners visible
• Only necessary fields (name, date of birth, nationality, gender, photo) unless additional information is needed

Address Verification:

• Electronically confirmed through multiple databases. If unsuccessful, a physical document such as a utility bill, official government correspondence, or bank statement dated within the past few months is required.

Proof of Income Source:

• May consist of employment records, business ownership documentation, inheritance papers, or investment statements.

Transaction Surveillance

The platform utilises a multi-level monitoring system:

Automated Detection: AI-powered tools identify anomalies such as:

• Repeated deposits and withdrawals without gaming activity
• Multiple payment method usage
• Changes in account behaviour or location

Staff Review:

• Trained team members assess system-generated alerts and conduct manual checks

Manual Audits:

• High-risk users and flagged accounts undergo thorough manual inspection

All questionable transactions are forwarded to the Compliance Officer.

Risk-Based Methodology

Regular risk assessments are performed, examining:

• Accessible products and services
• Transaction categories
• User demographics and locations
• Distribution channels and emerging threats

The Compliance Officer applies assessment findings to refine AML policies.

Suspicious Activity Reporting

All staff members must flag suspicious behaviour to the compliance department. The Compliance Officer:

• Evaluates each report
• Submits reports to the appropriate Australian authorities when warranted
• May close user accounts based on investigation results

Documentation Retention

In compliance with legal standards:

• KYC records are maintained for an extended period following account termination
• Transaction data is securely archived offline and encrypted

Employee Education

The platform guarantees:

• Mandatory annual AML training for all personnel
• Role-specific instruction for new employees
• Training updates reflecting regulatory developments

Privacy Protection

The platform adheres to applicable data protection requirements. User information is stored securely and disclosed only when legally mandated, such as during AML investigations.

Inquiries and Complaints

For AML or KYC questions, please contact the team at [email protected].