1xBet’s Commitment to AML Compliance
1xBet is dedicated to upholding the highest standards in preventing money laundering and the financing of terrorism, as outlined in our Anti-Money Laundering (AML) Policy. To ensure compliance, we implement strict measures to prevent illegal activities. If there is any suspicion that funds deposited into a user account are linked to unlawful actions or terrorism financing, we are obligated to report these instances to the relevant authorities, freeze the suspected funds, and follow the AML guidelines to address such cases.
What is Money Laundering?
- Hiding or concealing the true origin, movement, ownership, or use of assets obtained through illegal means.
- Transferring, converting, acquiring, or using assets derived from criminal activities to disguise their origins or assist criminals in avoiding legal consequences.
- Engaging in transactions involving illicitly obtained assets, including those obtained in another jurisdiction.
Many countries enforce laws and measures to prevent money laundering and terrorist financing, aiming to stop the flow of illicit funds into the economy.
1xBet actively supports these global efforts by implementing strict internal policies and procedures to combat money laundering and terrorism financing.
Your Responsibility as a User
- Comply with all applicable laws and regulations related to anti-money laundering and counter-terrorism financing, including 1xBet’s AML Policy.
- Ensure that the funds deposited are not derived from illegal activities or connected to the legalization of illicit proceeds.
- Provide any requested information or documents required for compliance with AML regulations.
How 1xBet Ensures AML Compliance
- Collecting and maintaining identification documents, such as passports or official IDs, and tracking changes in user accounts.
- Monitoring transactions and activities flagged as suspicious.
- Suspending accounts linked to potential money laundering or illegal activities without prior notice, and reporting such incidents to relevant authorities.
1xBet conducts both initial and ongoing verification of user identities based on the associated risk level, as part of our internal AML procedures.
- Only essential information is collected for identity confirmation.
- All verification data and outcomes are securely recorded and stored.
- User data is cross-checked against databases of individuals suspected of involvement in terrorism or illegal activities. Verification includes full name, date of birth, address, and source of funds.
Documents Required for Verification
- A valid government-issued ID, such as a passport or national identification card, displaying the user’s name, date of birth, and photograph.
- A recent utility bill (not older than three months) or other proof of address.
Additional documents may be requested if necessary. In some instances, notarized copies of the required documents might also be required.