Aml Policy

1. Policy Statement and Scope

Ffbet is committed to maintaining a rigorous AML/CFT program in accordance with applicable laws and regulatory expectations. This policy governs all customer relationships, account activity, and payment flows conducted through Ffbet platforms, and applies to all personnel, contractors, and service providers engaged in processing, custody, or administration of customer funds.

2. Regulatory Framework and Governing Law

The Ffbet AML/CFT program is designed to comply with statutory requirements, including identifying and mitigating money laundering, terrorist financing, and related financial crimes. The program adopts a risk-based approach and implements measures proportionate to the risk profile of customers, products, channels, and jurisdictions in which Ffbet operates or facilitates services.

3. Customer Identification and Verification (KYC)

Ffbet shall identify and verify customers at the point of onboarding and maintain ongoing verification where risk indicators require additional scrutiny. Verification consists of documentation, data validation, and corroboration of information supplied by the customer.

• Identity Verification: Customers must provide government-issued documents demonstrating true identity, including one of the following: passport, national identity card, or driver’s license. The document must be valid and clearly display the customer’s full name, date of birth, and photograph.
• Address Verification: To verify residential address, customers must provide documents dated within the last three months, such as utility bills, bank statements, or official government correspondence showing the customer’s name and address.
• Payment Verification: For security and anti-fraud purposes, customers may be required to verify payment methods by providing: (i) a copy of the front side of a payment card with the first six and last four digits visible and CVV/CVC concealed; or (ii) a screenshot or document confirming ownership of an e-wallet or bank account used for funding, with sufficient data to confirm linkage to the customer.

On completion of verification steps, customers shall be deemed eligible to participate in services and to perform withdrawals, subject to ongoing monitoring and further verification if warranted by risk assessment.

4. Age Verification and Responsible Gaming

All customers must be at least the legal age to participate in gaming activities in their jurisdiction, and in no event younger than 18 years. If there is reasonable suspicion of underage participation, Ffbet shall suspend the account pending satisfactory verification and, where applicable, report concerns to relevant authorities in accordance with law.

5. Enhanced Due Diligence and High-Risk Customers

Ffbet conducts Enhanced Due Diligence (EDD) for customers or transactions presenting elevated risk. Triggers for EDD include, without limitation: unusually large or rapid accumulation of funds, complex transaction patterns, politically exposed persons (PEPs), heightened media scrutiny, or involvement of high-risk jurisdictions. EDD measures may include: additional identity corroboration, source of funds documentation, ongoing transaction monitoring at higher intensity, and periodic reviews of customer activity. Information collected under EDD shall be treated as confidential and retained under applicable law.

6. PEPs, Sanctions Screening and Sanctioned Jurisdictions

Customer profiles and counterparties are screened against internal and regulatory lists for PEP status and sanctions. In cases of PEP exposure or suspected illicit activity, Ffbet applies enhanced monitoring, escalates to the AML Compliance Officer, and may impose limitations or suspend activities consistent with risk assessment and regulatory obligations. Jurisdictions identified as high risk are subject to heightened due diligence and, where appropriate, restrictions on certain products or activities.

7. Data Protection and Privacy

All personal data collected for AML/CFT purposes shall be stored securely and processed solely for compliance and regulatory requirements. Data may be shared with competent authorities as required by law. Ffbet enforces access controls, encryption, and retention schedules to protect personal data and privacy rights of customers, in line with applicable data protection laws.

8. Record Keeping and Data Retention

Ffbet logs and retains records of customer identifications, verifications, risk assessments, and AML/CFT communications for a minimum of five (5) years following the termination of the business relationship or the completion of any transaction, whichever is later. Records include copies of documents, transaction details, correspondence, and any due diligence performed.

9. Transaction Monitoring and Suspicious Activity Reporting

Ffbet maintains ongoing monitoring of customer transactions to identify unusual or suspicious activity. Any action consistent with potential money laundering or terrorist financing shall be promptly investigated and, if warranted, reported to the competent authorities in accordance with applicable law and internal procedures. Internal suspicious activity reports (SARs) emanate from the AML Compliance Officer and are subject to escalation in accordance with governance rules.

10. Payment Flows and Third-Party Payments

To minimize AML/CFT risk, Ffbet does not accept cash currency payments. Deposits must originate from accounts held in the customer’s name. Payments from third parties are not accepted, and funds deposited or withdrawn must use the same name and payment method throughout the lifecycle of the account, unless explicitly approved through a formal exception process governed by the AML Compliance Officer. For wire transfers, withdrawals must be returned to the originating bank and account; for payment systems, withdrawals must be to the same payment system and account.

11. Currency and Settlement

Funding and withdrawal transactions shall be conducted in the same currency as the original deposit unless a different arrangement is approved by the AML Compliance Officer. Any currency conversion or cross-border settlement shall be documented with clear audit trails and supported by appropriate risk controls.

12. Account Management and Prohibition on Duplicate Accounts

Customers shall maintain a single customer account. Creation of duplicate or linked accounts without written authorization from Ffbet constitutes prohibited activity and may result in account restrictions, forfeiture of bonuses or winnings, and reversal of transactions. If a duplicate account is necessary due to loss of access, the customer must obtain prior written permission from Ffbet before establishing a new account. Funds associated with duplicate accounts may be recaptured or invalidated under the Company’s discretion, and the Company shall not compensate any funds from duplicate accounts.

13. AML Compliance Governance and Training

Ffbet appoints an AML Compliance Officer responsible for overseeing the AML program, implementing policies, maintaining training, handling suspicious activity reports, and coordinating with regulators. All employees with client contact or AML responsibilities receive AML/CFT training, with ongoing refresher programs and assessment of knowledge. Violations of this policy must be reported to the AML Compliance Officer or, where applicable, directly to the Chief Executive Officer if the officer is implicated.

14. Risk Assessment Framework

Ffbet conducts regular risk assessments to identify, analyze, and mitigate money laundering and terrorism financing risks. The framework assesses: (i) customer risk (including spend patterns, source of funds, geography, and PEP status); (ii) product and service risk; (iii) channel risk; and (iv) geographic risk, including country- and jurisdiction-specific factors. Risk ratings guide the level of due diligence, monitoring intensity, and escalation pathways.

15. High-Risk Jurisdictions

Ffbet maintains a dynamic list of high-risk jurisdictions. When customers reside in, or conduct significant activities from, such jurisdictions, the company applies enhanced controls and may restrict or place conditions on accounts and transactions as dictated by risk assessments and regulatory obligations. The list is reviewed periodically and updated in line with regulatory guidance and international standards.

16. Right to Suspend, Restrict or Terminate

Ffbet reserves the right to suspend, restrict, or terminate a customer’s access and accounts where verification cannot be completed, where information is found to be inaccurate or misleading, where there is a material breach of this policy, or where required by law or regulatory order. In such cases, the Company shall provide written notice and, where feasible, a rationale for action taken.

17. Reporting and Contact Details

Questions regarding this policy or concerns about suspicious activity may be directed to the AML Compliance Officer at [email protected] or by contacting customer support. For data protection inquiries, please use [email protected]. All inquiries will be handled in accordance with applicable laws and internal procedures.

18. Policy Review and Updates

This AML/CFT policy is reviewed periodically and updated as necessary to reflect regulatory developments, changes in risk profile, or material changes to Ffbet’s services. The last update shall be recorded in the policy document and communicated to relevant stakeholders in a timely manner.