Anti-Money Laundering (AML) and Know Your Customer (KYC) Policy

SpinBet's AML & KYC Policy: Safeguarding New Zealand's online gaming integrity.

Introduction to AML and KYC at SpinBet

SpinBet, a leading New Zealand online gaming platform, implements rigorous Anti-Money Laundering (AML) and Know Your Customer (KYC) policies. These measures ensure ethical gaming and regulatory compliance. Through robust verification processes, SpinBet creates a secure environment for players while adhering to New Zealand's AML/CFT laws.

• Key policy features:
• Comprehensive player verification
• Active transaction monitoring
• Strict regulatory adherence
• Advanced data protection
• Regular policy updates

Purpose of AML and KYC

SpinBet's AML and KYC policies serve three vital purposes:

• Safeguarding financial integrityPreventing money laundering, terrorist financing, and tax evasion.
• Enhancing player protectionCreating a secure gaming environment through thorough identity verification.
• Regulatory complianceAdhering to New Zealand's stringent AML/CFT laws as a licensed operator.

These measures ensure SpinBet maintains a trustworthy platform, protecting both players and the integrity of online gaming in New Zealand.

Customer Due Diligence (CDD)

SpinBet's Customer Due Diligence process safeguards the gaming environment. Players must submit:

• Government-issued photo ID (passport, driver's license)
• Recent proof of address (utility bill, bank statement)
• Full name and birth date
• Contact information (email, phone)
• Payment details

Enhanced verification applies to high-value transactions or risk profiles. SpinBet ensures robust data protection throughout, maintaining player privacy while meeting regulatory requirements.

Transaction Monitoring

SpinBet utilizes advanced algorithms to monitor player transactions, ensuring a secure gaming environment. The platform analyzes deposit and withdrawal patterns, account activity, and multi-account creation attempts. Suspicious behaviors trigger investigations, potentially leading to account restrictions or authority reporting.

• Key monitoring aspects:
• Unusual transaction volumes
• Inconsistent betting patterns
• Frequent small deposits
• Rapid fund turnovers
• Multiple account linkages

This approach safeguards SpinBet's integrity while complying with New Zealand's AML/CFT regulations.

Reporting Requirements

SpinBet reports suspicious activities to New Zealand's Financial Intelligence Unit. Potential money laundering or terrorist financing triggers Suspicious Transaction Reports (STRs), detailing concerning activities and SpinBet's responses. The platform collaborates with law enforcement and regulatory bodies, reinforcing its commitment to a secure gaming environment and legal compliance.

Data Security and Confidentiality

SpinBet safeguards player data with advanced encryption and strict access controls. The platform's security measures include:

• Multi-layered firewalls
• Continuous monitoring
• Regular audits
• SSL technology
• Two-factor authentication

These protocols ensure confidentiality and protect against unauthorized access, upholding SpinBet's commitment to data integrity and player trust.

Compliance with Regulations

SpinBet strictly follows New Zealand's AML/CFT laws, updating policies to match evolving standards. Regular audits and staff training reinforce compliance, ensuring a secure gaming environment and regulatory adherence.